Exelon Stock Price, News & Analysis

The Board of Directors of Exelon Corporation declared a quarterly dividend of $0.3375 per share, payable on June 10, 2022. Shareholders on record as of May 13, 2022, will receive this dividend. Exelon, the largest utility company in the U.S., serves over 10 million customers through six regulated utilities, demonstrating its commitment to reliable and efficient energy delivery.

The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) has declared a quarterly dividend of $0.141 per share on its common stock. This dividend will be payable on June 10, 2022, to shareholders of record as of 5 p.m. ET on May 13, 2022. Constellation is the largest producer of carbon-free energy in the U.S., with a capacity of over 32,400 megawatts and an annual output that is 90% carbon-free. The company aims to eliminate all greenhouse gas emissions by 2040.

ComEd is donating over 3,300 trees and shrubs to northern Illinois communities on Arbor Day, April 29, to enhance green spaces and promote energy efficiency. This initiative, part of the Arbor Day Foundation's program, contributes to cleaner air and reduces energy costs. Since 2015, ComEd has provided over 30,000 trees, saving over 51 million kilowatt hours and sequestering 31.6 million pounds of carbon. The 2023 donation is expected to generate $247,000 in energy savings, with long-term benefits projected at $7.8 million over 20 years.

The U.S. Department of Energy has awarded a $2.5 million grant to Constellation for research on direct air capture (DAC) technology at its Byron nuclear plant in Northern Illinois. This project aims to remove 250,000 tons of CO2 annually, contributing to climate change mitigation. Constellation's partnerships include industry leaders such as 1PointFive Inc. and Carbon Engineering. The study will explore integrating DAC technology with nuclear operations and assess its potential for carbon sequestration, enhancing Constellation's role in a carbon-free future.

Exelon (Nasdaq: EXC) reported significant improvements in electric service reliability across its utilities in 2021, driven by strategic investments in grid modernization and resilience. According to COO Calvin Butler, the company is committed to addressing climate change's impact while aiming for net-zero operational emissions by 2050. Key highlights include a 60% reduction in outage frequency at Atlantic City Electric and record reliability at ComEd, which has avoided over 17 million outages. Exelon plans to invest $29 billion over the next four years to enhance service further.

Exelon Corporation (NASDAQ: EXC) has opened applications for its Green Lab Grants, offering a total of $1 million to education-focused organizations within its service areas. Eligible applicants include public and private schools and nonprofits serving Title I-eligible students, with grants of up to $50,000 available. The funding aims to modernize science labs and support STEM education. Applications are accepted until September 26, 2022. This initiative reflects Exelon's commitment to enhancing educational opportunities in the communities it serves.

ComEd has submitted a request for a $199 million increase in electricity delivery charges to the Illinois Commerce Commission. While this would raise monthly residential delivery charges by approximately $2.20, it is projected that the total average customer bill in January 2023 will be lower than current levels due to a $65 million offset from deferred income tax benefits and a 65% reduction in capacity charges. ComEd aims to improve infrastructure reliability and support a transition to 100% clean energy, while maintaining competitive rates.

ComEd has expanded its Community of the Future program to Rockford, Illinois, collaborating with local leaders to promote sustainability and advanced energy technologies. This initiative aims to integrate clean energy solutions, including solar power and electric vehicles, to reduce costs and carbon emissions for the community. Rockford becomes the second Community of the Future, following Chicago's Bronzeville. The program is supported by a Community Advisory Council of 15 local leaders, focusing on environmental sustainability, safety, job growth, and reliable power access.

ComEd has launched the Powering Our Future initiative, investing $450,000 to expand STEM and skilled trades training at four Chicago high schools. This program aims to train up to 1,000 students in historically underserved communities over three years. The curriculum will focus on energy, utilities, advanced manufacturing, and technology sectors, addressing the underrepresentation of women and minorities in STEM fields. The program includes hands-on experiences and partnerships with local organizations like Big Shoulders Fund and United Way Metro Chicago.