Welcome to our dedicated page for Exelon news (Ticker: EXC), a resource for investors and traders seeking the latest updates and insights on Exelon stock.
Exelon Corporation (EXC) operates at the forefront of energy delivery through its regulated utilities and competitive power generation services. This dedicated news hub provides investors and industry stakeholders with timely updates on EXC's strategic initiatives, financial performance, and operational milestones.
Access official press releases, earnings reports, and regulatory filings alongside curated analysis of Exelon's role in advancing sustainable energy infrastructure. Track developments across key areas including grid modernization projects, rate case decisions, and renewable energy investments that shape the company's position in North America's energy landscape.
Our continuously updated feed serves as your primary source for understanding EXC's responses to market trends, environmental policies, and technological innovations in electricity distribution. Bookmark this page to monitor how Exelon's dual focus on reliability and innovation impacts its service territories and competitive generation portfolio.
The Board of Directors of Exelon Corporation has declared a quarterly dividend of
Exelon Corp. has announced leadership appointments in preparation for its separation into two companies, Exelon (utility) and Constellation (competitive energy), scheduled for Q1 2022. Key executive roles have been filled, including Calvin Butler as COO of Exelon and Kathleen Barrón as Chief Strategy Officer of Constellation. The company is making significant progress toward the separation, which requires several regulatory approvals. Exelon serves around 10 million customers and had $33 billion in revenue in 2020. More updates will be shared as the separation nears completion.
Exelon has established a $36 million Racial Equity Capital Fund to support minority-owned businesses in underserved communities across its utility service areas. This initiative aims to provide much-needed capital to fuel growth and job creation, with loans ranging from $100,000 to $300,000 and equity investments nearing $1 million. Managed by RockCreek, the fund addresses historical disparities in financing availability for minority businesses. Exelon also spent $2.7 billion with diversity-certified suppliers and initiated various workforce development programs.
Exelon has elected Carlos Gutierrez, former U.S. Secretary of Commerce, to its board of directors. Gutierrez brings extensive experience in technology and corporate leadership, having served as CEO of EmPath and Kellogg Company. His tenure in government included facilitating landmark free trade agreements. Chairman Mayo Shattuck emphasized Gutierrez's unique perspective and expertise, which will benefit Exelon as it continues to serve approximately 10 million customers across the U.S. Exelon reported 2020 revenue of $33 billion.
Exelon Corporation has launched the Exelon HBCU Corporate Scholars Program, providing $3 million in scholarships for 24 students attending historically Black colleges and universities (HBCUs). Each student will receive $100,000 over four years, which includes summer internships and career readiness support. The program aims to prepare students for careers in the energy sector, with eligibility for students from Delaware, Illinois, Maryland, New Jersey, Pennsylvania, and Washington, D.C. CEO Chris Crane emphasized the importance of diversity in fostering innovation.
ComEd has announced the selection of 10 new ComEd Scholars for 2021, providing financial support, mentoring, and internship opportunities to students from underserved Chicago communities pursuing engineering degrees at Illinois Tech and UIC. This initiative aims to fill tuition gaps beyond financial aid and promote diversity in STEM fields. Since its inception, the program has supported 22 students, reflecting ComEd's commitment to educational equity and workforce development in the region.
ComEd's inaugural Powering the Holidays Program awards
ComEd has announced the appointment of Gil C. Quiniones as its new CEO, effective November 15, 2021. Quiniones brings over 30 years of experience, having served as the president and CEO of the New York Power Authority for the last decade. His leadership is expected to enhance ComEd's commitment to providing reliable, affordable, and clean energy to over 4 million customers in northern Illinois. He will report to Calvin Butler, the CEO of Exelon Utilities, who has been serving as the interim CEO.
ComEd is set to host a virtual job fair and networking event for the Bronzeville community on October 21, 2021, from 10 a.m. to 2 p.m. This event is part of their Community of the Future program, aimed at enhancing sustainability and connectedness within the community. Attendees will network with industry representatives and learn about emerging energy technologies. The event includes panel discussions on breakthrough innovations and the status of the Bronzeville Community of the Future. Registration is available at techandenergyexpo.vfairs.com.
ComEd's Energy Efficiency Program has saved customers over