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) reports developments across a regulated electric and gas utility portfolio anchored by Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco. Recurring company news covers utility earnings drivers, approved distribution and transmission rates, grid investment recovery, dividend declarations and customer-affordability initiatives under The Exelon Promise.
Coverage also reflects ComEd energy efficiency programs in northern Illinois, small-business and low-income customer incentives, Illinois Commerce Commission reconciliation filings, and federal policy matters involving FERC and the PJM regional electric grid. These updates connect Exelon's transmission and distribution operations with customer costs, reliability planning and regulated rate mechanisms.
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.
Constellation (Nasdaq: CEG), the largest carbon-free energy producer in America, advises investors to reject a mini-tender offer from TRC Capital Investment Corp. dated April 1, 2022. The offer is to buy up to 2 million shares at a price 4.26% below the current market value. This represents 0.61% of Constellation's outstanding shares. The SEC warns that mini-tender offers may lack investor protections and often come at below-market prices. Constellation encourages shareholders to review current quotes and consult advisors before responding to TRC's offer.
ComEd has appointed Lisa Graham as the new senior vice president, chief financial officer, and treasurer, effective April 1. Graham brings 12 years of experience with the company and formerly served as Exelon's treasurer. She succeeds Joe Trpik, who has transitioned to Exelon's senior vice president and corporate controller. CEO Gil Quiniones expressed confidence in Graham's leadership abilities to drive financial excellence. This leadership change is part of a broader series of executive announcements, including the appointment of a new general counsel and CEO.
Constellation (NASDAQ: CEG) announces its commitment to National Volunteer Month with over 50 service events planned across 12 states. Employees will collectively contribute nearly 1,000 service hours, engaging in projects such as building homes for low-income families, food distribution, and environmental clean-ups. CEO Joe Dominguez highlighted the importance of community service in enhancing quality of life. In 2021, Constellation volunteers provided more than 62,000 hours of service. As the largest producer of carbon-free energy in the U.S., Constellation aims for 100% greenhouse gas emissions reduction.
ComEd, a unit of Exelon Corporation, encourages customers in Illinois facing financial difficulties to explore available bill-assistance options. The company is enhancing support services, including the Low Income Home Energy Assistance Program (LIHEAP) and its Supplemental Arrearage Reduction Program (SARP), to help eligible residents. ComEd also offers flexible payment programs such as deferred payment arrangements and budget billing to ease financial strains. The Smart Assistance Manager tool was launched to streamline access to financial assistance and energy-saving options.
Constellation has rebranded its Maryland home services division, previously known as BGE HOME, to Constellation Home, following its separation from Exelon on February 1, 2022. The rebranding includes new logos and colors which will be gradually introduced over the coming months, ensuring continuity for customers. Constellation Home, a top service provider in Maryland, aims to deliver reliable energy solutions, managing energy usage for customers and supporting a transition to carbon-free energy. The company expects to serve up to 1,000 homes daily.
Exelon Corporation (Nasdaq: EXC) and the Exelon Foundation are set to host the fifth annual Exelon Foundation STEM Leadership Academy, empowering young women in grades 10 and 11 to combat climate change. Taking place in Philadelphia, Baltimore, and Chicago between July 10 and August 5, 2022, the program includes hands-on STEM activities and an Energy Innovation Challenge. Additionally, Exelon is launching a scholarship to support Academy alumnae in college, aiming to bridge racial and gender gaps in STEM careers.
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.
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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.