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.
ComEd, a unit of Exelon Corporation (NASDAQ: EXC), is expanding its smart grid infrastructure in South Elgin, Illinois, by enabling smart water meters. The Village Board approved the initiative, aiming to enhance service reliability and resource conservation. Approximately 8,000 smart water meters will be installed, allowing remote monitoring and leak detection. ComEd's network benefits water utilities by eliminating the need for separate infrastructure. This initiative may encourage other communities in northern Illinois to adopt similar technologies.
The Exelon Foundation has recognized 24 employees for their exceptional volunteer work during 2020, donating $200,000 to local nonprofits in their honor. Awards include a $20,000 Excellence Award to Montgomery Child Advocacy Project and $10,000 Achievement Awards to various organizations. This year saw 127 applicants who volunteered over 770 hours collectively. Since 2005, the program has donated over $2 million to support more than 250 employee volunteers. Exelon Corporation reported $33 billion in revenue for 2020 and serves approximately 10 million customers across multiple states.
ComEd will partner with the Chicago Park District to revitalize Buckingham Fountain during the annual 'Switch on Summer' event on May 22. After a year of virtual celebrations due to COVID-19, the in-person event will feature Chicago Mayor Lori E. Lightfoot and WGN-TV Chief Meteorologist Tom Skilling. The fountain's revival symbolizes the return of summer activities in Chicago. A sweepstakes winner, Dominique Lalrinzuala, will officially turn on the fountain, marking 94 years since its opening. The event aligns with the city’s 'Open Chicago' initiative to safely reopen.
ComEd has awarded scholarships to three DePaul College Prep students pursuing careers in STEM as part of the 2021 ComEd Scholars program. These scholarships are for juniors and seniors from underserved communities and will continue if the students enroll in STEM studies at DePaul University. The partnership, ongoing since 2017, aims to empower young leaders and increase representation in the energy workforce. Recipients include Téa Byrd, Jocelyn Silva, and Lulia Tekeste. The program provides mentorship and internship opportunities with ComEd.
ComEd is providing enhanced payment assistance programs to support northern Illinois residents facing financial difficulties due to the pandemic. These initiatives include hardship grants for individuals and small businesses, as well as extended payment plans allowing customers to pay outstanding balances over 18 months without upfront payments. Customers can also access various energy-saving tools and programs aimed at reducing electricity costs. For assistance, residents can contact ComEd or visit their website for eligibility details.
Exelon has announced that it will provide full-ride college scholarships, totaling approximately $1 million, to seven young women from its STEM Academy Leadership program. The scholarships cover tuition, room and board, and other expenses not covered by other funding. The initiative aims to support students from diverse and low-income backgrounds, facilitating their entry into the energy workforce. Exelon CEO Chris Crane emphasized the company's commitment to community support, promising ongoing assistance throughout the recipients' college journeys.
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