Exelon Stock Price, News & Analysis

Exelon Corporation, recognized with the Chairman’s Award by the Center for Energy Workforce Development, celebrates its leadership in workforce development. The honor acknowledges Exelon's commitment to enhancing a skilled, diverse energy workforce and economic growth in communities. Its 100+ programs have helped over 34,000 participants, with 1,700 graduates employed in meaningful positions. Additionally, ComEd and Delmarva Power received accolades for community partnerships focused on economic equity. This underscores Exelon’s ongoing commitment to preparing work-ready adults and youth for family-supporting careers.

Exelon Corp. (Nasdaq: EXC) hosted U.S. Secretary of Energy Jennifer M. Granholm at the Braidwood Generating Station, emphasizing the importance of clean energy investments in combating climate change. The visit was aligned with the Biden administration's Build Back Better agenda, which seeks to support the nuclear fleet that generates over 50% of the U.S.'s clean energy. Key figures include Braidwood's capacity to power over 2 million homes and its role in supporting jobs and the economy through carbon-free electricity. The company urges Congress to act on climate legislation to secure a sustainable energy future.

The Illinois Commerce Commission approved ComEd's investment plan aimed at enhancing grid reliability and facilitating the transition to renewable energy. This decision follows an eight-month review and will result in a $46 million rate increase, adding 16 cents to the average residential bill starting January. Despite this, ComEd maintains competitive rates, being 17% lower than major U.S. metropolitan areas. The company also supports low-income customers with over $138 million in assistance amid rising energy efficiency fees.

ComEd has been honored by the Center for Energy Workforce Development (CEWD) with the Community Partner Award for its impactful job training and placement programs aimed at minority communities. Highlighting the success of the CONSTRUCT Infrastructure Academy and its collaboration with the Chicago Public Schools, ComEd has trained over 600 students since 2013, achieving a 70% employment rate post-graduation. This program enhances workforce development, preparing diverse candidates for roles in the utility and construction sectors.

This holiday season, a collaboration between the Better Business Bureau and utility companies aims to raise awareness about increasing scam attempts targeting consumers. Steve Bernas, CEO of the BBB of Chicago, indicates a rise in imposters posing as utility workers. In 2020, Americans lost over $3.3 billion to fraud, with nearly $1.2 billion due to impersonation scams. The initiative coincides with Utility Scam Awareness Week (Nov. 14-20) to educate customers on protective measures, including verifying identification and never disclosing personal information to unsolicited contacts.

ComEd has completed a new substation expansion in Elk Grove, Illinois, enhancing power capacity for data centers in the region. This development supports the growth of high-tech industries, particularly in Elk Grove Technology Park and the greater Western O’Hare area. The expanded infrastructure aims to boost economic growth, job creation, and energy reliability. The Chicago region ranks second globally for data center growth opportunities, with ComEd's investments positioned to cater to this demand.

Kevala Inc., a leader in energy data analytics, has partnered with National Grid (NYSE: NGG) and Exelon Corporation (Nasdaq: EXC) to release a White Paper on a new carbon accounting framework. The 'Total Carbon Accounting' (TCA) method aims to enhance the precision of carbon intensity data for grid electricity, allowing better evaluations for decarbonization efforts. This innovative approach is currently being piloted by major utilities in North America and Europe. Kevala recently secured $21 million in Series A funding to further develop its platform and services.

ComEd has appointed Ricardo "Ric" Estrada as an independent director on its board. Estrada, a prominent leader in human services, is currently the president and CEO of Metropolitan Family Services, where he significantly expanded the organization's reach. With a wealth of experience in community advocacy, he aims to support ComEd’s focus on energy, environment, and workforce investments. Estrada holds degrees from Loyola University, the University of Chicago, and the University of Illinois at Chicago. ComEd operates under Exelon Corporation, serving over 4 million customers in northern Illinois.