Exelon Stock Price, News & Analysis

ComEd has launched the Gar Creek community solar project in Kankakee County, Illinois, providing low to moderate-income customers access to solar energy and potential savings of up to $1,000 annually. The project, developed with Fosler Solar and Trajectory Energy Partners, will serve up to 600 customers and is part of ComEd's 'Give-A-Ray' program. ComEd will cover all subscription fees, enabling participation without installation costs. The project aims to enhance clean energy access in low-income neighborhoods and is supported by Illinois Solar for All incentives.

ComEd employees are set to raise $100,000 during the Chicago Polar Plunge on March 6, aimed at supporting athletes with physical and intellectual disabilities. This initiative has raised nearly $2 million over more than a decade. The ComEd Coolers team, led by CEO Gil Quiniones, remains one of the top fundraising teams, participating for 11 years. The funds will benefit year-round sports programs for over 4 million customers in Chicago, with a significant number living at or below the poverty line.

ComEd has submitted a $1.7 billion energy efficiency plan to the Illinois Commerce Commission for 2022-2025, aiming to enhance energy-saving programs for customers. The plan supports income-eligible customers, allocating over $113 million yearly to these initiatives, exceeding state requirements. It also focuses on electrification strategies with $10 million annually dedicated to income-eligible electrification measures. Since 2008, ComEd’s programs have reportedly saved customers over $6 billion on energy bills.

ComEd has launched the Smart Assistance Manager (SAM), an online tool helping residential customers access financial assistance and manage electric bills. SAM tailors support options based on household data, allowing users to see programs like LIHEAP and PIPP. Customers can also access recommendations for energy efficiency programs. In addition, ComEd has eliminated late fees for eligible low-income customers and introduced new payment options including PayPal.

Exelon Corporation (NASDAQ: EXC) joined a coalition defending the EPA's authority to regulate greenhouse gas emissions in the U.S. Supreme Court case West Virginia vs. EPA. This coalition seeks to uphold a lower court ruling supporting the EPA's regulatory powers under the Clean Air Act. Exelon plans to invest over $25 billion in the electric grid over four years, focusing on enhancing renewable energy infrastructure and electrification efforts. These initiatives are vital for achieving cleaner energy goals and addressing climate challenges.

In January 2022, ComEd reported a significant increase in scams targeting its customers, with over 240 reports, a 150% rise from January 2021. Victims lost more than $27,000, escalating the issue 20 times compared to the previous year. Scammers frequently use mobile payment apps, tricking customers into making payments under threat of service disconnection. ComEd advises customers to remain vigilant against these tactics and provides tips on how to identify scams. The company is committed to helping customers avoid falling victim to such fraud.

Exelon Corporation (NASDAQ: EXC) advocates for increased funding for the Low-Income Home Energy Assistance Program (LIHEAP) during National LIHEAP Action Day. The company emphasizes the importance of this assistance for over 6 million financially struggling households. In 2021, LIHEAP provided $8 billion, boosted by an additional $4.5 billion from the American Rescue Plan, set to expire in September 2022. Exelon's utilities connected over 650,000 customers to $430 million in energy assistance last year, stressing the need for continued support for vulnerable communities.