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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 (NASDAQ: EXC), celebrated the graduation of 73 participants from its job training programs - CONSTRUCT Infrastructure Academy and Craft Academy. This milestone marks over 1,000 local residents served by these programs since 2013.
The free training initiatives, designed to build a diverse talent pipeline, have achieved a 70% placement rate in entry-level positions across ComEd and partner employers. The programs have notably served diverse communities, with over 95% of participants being people of color and 25% being women. This year's class maintains similar diversity metrics, with 90% people of color and 20% women representation.
A 2023 ComEd study projects 150,000 new jobs in Illinois by 2050 supporting energy transformation. The 11-week CONSTRUCT program graduated 64 participants, while the 6-week Craft Academy trained 9 individuals for entry-level trades roles. Since 2018, ComEd has hired over 1,000 entry-level workers through its agreement with IBEW Local 15.
ComEd has been awarded the Policy Power Player Award at the 2025 SEPA Power Player Awards for its exceptional leadership in clean energy initiatives. The company achieved a significant milestone by interconnecting over one gigawatt of distributed energy resources (DER) to the grid in 2024.
Following the Climate and Equitable Jobs Act (CEJA) implementation in 2021, ComEd has demonstrated remarkable growth in Illinois-based DERs, including:
- 114% annual growth in residential DER systems
- 25% annual growth for commercial/industrial customers
- Over 4,000% growth in community solar since 2019
The company has established 170 community solar deployments across northern Illinois, including notable projects in Belvidere and Chicago Heights. These initiatives support CEJA's goal of transitioning Illinois to 100% clean energy by 2050 while making solar energy accessible to low-income residents and small businesses.
ComEd (NASDAQ: EXC) and the Chicago Park District announced their 11th annual Switch on Summer festival, scheduled for May 10, 2025, at Grant Park. The free event will feature the ceremonial activation of the historic Buckingham Fountain, marking the unofficial start of summer in Chicago.
The festival, running from 11:30 a.m. to 1:00 p.m., will showcase performances from various groups including NAJWA Dance Corps and Cielito Lindo Family Mariachi. ComEd is offering Illinois residents a chance to enter a sweepstakes to switch on the fountain, with entries closing on April 18, 2025.
The event will also provide access to ComEd customer resources, including bill assistance information and energy efficiency programs. Additionally, it marks the launch of the Park District's 13th annual Night Out in the Parks series, which will bring entertainment to all 77 Chicago community areas across 250 parks.
Exelon (Nasdaq: EXC), the nation's largest utility company, has scheduled its first quarter 2025 earnings conference call for May 1, 2025, at 9:00 a.m. CT/10:00 a.m. ET. The presentation will be led by CEO Calvin Butler and CFO Jeanne Jones.
The Fortune 200 company serves over 10.7 million customers through six regulated transmission and distribution utilities: Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco. With 20,000 employees, Exelon focuses on reliable and affordable energy delivery, workforce development, equity, economic development, and volunteerism.
ComEd, a unit of Exelon (NASDAQ: EXC), is urging customers to utilize available assistance and energy management programs to manage their electric bills as warmer weather approaches. The company has launched a new information website at ComEd.com/BillSupport to help customers navigate rising energy costs.
In 2024, ComEd has already helped connect approximately 74,000 customers to $26 million in bill-assistance options. This follows a successful 2023, where over 229,000 eligible customers received more than $133 million in financial assistance and support options - the highest since the pandemic.
Available support includes LIHEAP grants, 12-month payment arrangements, budget billing, deposit waivers, and energy-efficiency programs. The company has also conducted Powering Lives Resource Fairs across northern Illinois, successfully connecting more than 1,600 families to various support services.
ComEd, a unit of Exelon (NASDAQ: EXC), hosted its STEM Labs event in Chicago, where 50 high school students connected with over 25 ComEd professionals for mentoring and networking. The event, part of Women's History Month, featured a Women in STEM panel with senior executives and industry leaders.
The initiative aims to address the gender gap in STEM, where women constitute only 28% of professionals despite making up over half of college graduates. Since 2015, approximately 2,000 students have participated in ComEd STEM Labs, which is part of broader programs including Construct Youth Academy, Tools of the Trade, Future of Energy Scholarships, and After School Matters.
ComEd serves more than 4 million customers across northern Illinois, representing 70% of the state's population. The company is part of Exelon , which serves over 10.7 million electricity and natural gas customers nationwide.
Exelon (Nasdaq: EXC), the nation's largest utility company, has appointed David DeWalt to its Board of Directors, effective March 10, 2025. DeWalt, 60, is the founder and CEO of cybersecurity and venture capital firm NightDragon, and former leader of FireEye and McAfee.
As a global authority on technology, security and safety, DeWalt brings important cybersecurity expertise to Exelon, which serves 10.7 million customers through six regulated transmission and distribution utilities. His appointment aims to strengthen the company's technological infrastructure and security as it develops an intelligent grid system.
DeWalt has served on the National Security Telecommunications Advisory Committee for four administrations and currently serves on Delta Airlines' Board. He holds a Bachelor of Science in Computer Science and a Ph.D from the University of Delaware.
ComEd, a unit of Exelon (NASDAQ: EXC), reported significant achievements in its Voltage Optimization (VO) program, delivering approximately 100,000 MWh in energy savings to customers in the last year. This resulted in avoiding over 33,000 metric tons of carbon dioxide, equivalent to powering 11,500 customer homes annually.
The program, launched in 2018, has achieved total energy savings of more than 1 million MWh. In 2024, ComEd upgraded 31 additional substations, bringing the total to 284 stations operating under VO. The technology enables 2-3% annual energy savings for customers without requiring behavioral changes.
ComEd plans to complete activation on 400 substations by 2028, with projected annual energy savings exceeding 1,400 gigawatt hours, equivalent to powering 115,000 households. The company's Energy Efficiency Program, since 2008, has helped customers save over $10 billion on energy bills.
ComEd has announced a new partnership with Chicago Public Schools (CPS) and City Colleges of Chicago's Dawson Technical Institute to enhance the Early College STEM program at Chicago Military Academy (CMA). The initiative, dubbed 'Ignite Your Future,' includes a $100,000 investment from ComEd to expand career-readiness opportunities for students.
Starting Fall 2025, students can pursue an Associate in Applied Science Degree in Construction Management, followed by an Associate of Applied Science in Construction Engineering and Management launching in Spring 2026. The program aims to prepare students for engineering-focused careers in the energy sector, with projections indicating up to 150,000 jobs coming to Illinois by 2050.
ComEd's support includes curriculum development, work-based learning opportunities, and career mentorship through site visits, panel discussions, and project-based learning. This initiative builds on ComEd's existing support of CPS programs such as Chicago BUILDs, Skilled Trades fairs, and Driver's Education EV initiatives.
ComEd, a unit of Exelon (NASDAQ: EXC), hosted its STEM Labs event as part of Black History Month, engaging 50 local high school students from Chicagoland and northern Illinois. The program focused on teaching students about solar generation while building solar-powered battery chargers with ComEd mentors.
The initiative aims to address the underrepresentation of Black Americans in STEM fields, who make up 12% of the U.S. workforce but only 9% of STEM workers, with just 7% holding bachelor's degrees in STEM. Each participating student received a $250 scholarship upon program completion.
This program is part of ComEd's broader initiative to develop future STEM leaders and support clean energy goals. Other programs include Construct Youth Academy, Tools of the Trade, Future of Energy Scholarships, and After School Matters, all designed to increase STEM exposure among diverse student groups.
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