Exelon Stock Price, News & Analysis

ComEd, a unit of Exelon (NASDAQ: EXC), reported significant achievements in 2024 across northern Illinois. The company delivered best-in-class reliability with nearly 2.3 million customers experiencing no outages, earning the 2024 ReliabilityOne® award. Their Energy Efficiency Program surpassed $10 billion in customer bill savings, while maintaining residential rates 22% below the average of top U.S. metropolitan areas.

The company made substantial progress in renewable energy initiatives, interconnecting 356 MW of distributed energy resources and providing $71.6 million in Distributed Generation Rebates. ComEd expanded EV infrastructure with over 3,500 charging ports and 170 fleet vehicles. The company also connected over 229,000 customers to $133 million in financial assistance and supported workforce development through various training programs.

In economic development, ComEd facilitated 15 commercial projects expected to create nearly 1,400 jobs and generate over $17 billion in local investment.

ComEd, a unit of Exelon (NASDAQ: EXC), has announced its 2025 Powering Communities Grant Program, offering $535,000 in grants for community projects across northern Illinois. Organizations can apply for grants up to $10,000 each through three programs: Green Region, Powering Safe Communities, and Powering the Arts.

The program, which has provided over $5.3 million in funding to date, supports environmental initiatives, public safety, clean transportation projects, and arts programs. Applications will be accepted until March 28, 2025. ComEd partners with Openlands, the Metropolitan Mayors Caucus, and the League of Chicago Theatres to manage these grants, serving more than 4 million customers across northern Illinois, representing 70% of the state's population.

ComEd, a unit of Exelon (NASDAQ: EXC), has presented plans to the Illinois Commerce Commission (ICC) for the Kishwaukee Area Reliability Extension (KARE) Project, a new transmission line in DeKalb County. The project includes a 6-mile double-circuit 345 KV overhead transmission line and a new 345 KV substation, designed to meet growing energy demand and enhance grid reliability.

The project, if approved, will begin construction in Q1 2026 and is expected to complete by end of 2027. The transmission line will extend existing infrastructure to connect with a new substation near Keslinger Road and Crego Road in Afton Township. ComEd partnered with Burns & McDonnell for the routing study, which covered a 23-square-mile area to minimize community impact.

This is ComEd's first transmission line requiring ICC siting approval since the Grand Prairie Gateway project in 2017. The ICC's decision is expected by late 2025.

ComEd, a unit of Exelon (NASDAQ: EXC), has awarded $190,500 in scholarships to 83 local students pursuing STEM education through its Future of Energy scholarship program. The program offers up to $10,000 for college STEM programs and $2,500 for trade school programs.

Since its 2021 launch, ComEd has awarded over $1 million in scholarships to 180 students. The 2025 scholarship recipients are notably diverse, with 96% being people of color or women, and 10% attending HBCUs. The program, which considers candidates based on need, has awarded 75% of new scholarships to families earning $150,000 or less annually.

The initiative aims to support the growing demand for energy sector talent, with projections indicating up to 150,000 new jobs in Illinois by 2050 to support the clean energy transition. Scholars also have opportunities for internships with ComEd or Exelon, provided they maintain full-time student status and meet GPA requirements.

ComEd, a unit of Exelon (NASDAQ: EXC), has received two Emergency Response Awards from the Edison Electric Institute (EEI). The first award recognizes ComEd's recovery efforts following severe storms in northern Illinois in July 2024, where they restored service to 99% of 430,000+ affected customers within three days despite 40+ tornadoes. The second award acknowledges their assistance in restoring power across four southern states following Hurricanes Helene and Milton, where 340+ employees traveled 512,000 miles to restore service to 12,600+ customers over 24 days.

Additionally, ComEd received the 2024 ReliabilityOne® award for Outstanding Reliability Performance in the Midwest Metropolitan Service Area and the Climate Action Leader award for advancing clean grid transition efforts. ComEd serves over 4 million customers across northern Illinois, representing 70% of the state's population.

ComEd and Nicor Gas have joined forces to provide advanced energy efficiency certifications to graduates of their Market Development Initiative (MDI) programs. The collaboration focuses on offering Building Performance Institute (BPI) certifications to enhance the capabilities of local and diverse contractors in the energy efficiency industry.

The program enables home performance professionals to conduct energy modeling, building analysis, and data evaluation services, strengthening their ability to provide comprehensive improvement recommendations. In December, 22 MDI graduates participated in training sessions in Chicago and Carol Stream, Illinois, working toward the Building Professional (BA-P) credential through a four-day intensive program.

Eligible participants are those who previously obtained BPI certifications in Building Science Principles (BSP) and Building Analyst Technician (BA-T) through the utilities' MDI programs.

On December 23, 2024, Delmarva Power organized a holiday charity event at John Parsons Assisted Living in Salisbury, MD, through their Santas for Seniors project. The initiative involved 18 company volunteers who delivered gifts to 34 seniors, including cozy throws, candy, puzzles, and night lights based on residents' wish lists. The event featured Santa (played by Craig Jarvis), the Grinch, and company 'elves' who engaged with residents through carol singing and created memorable interactions.

ComEd, a unit of Exelon (NASDAQ: EXC), received approval from the Illinois Commerce Commission (ICC) for its refiled grid plan in March 2024. The plan, which runs through 2027, includes $4.4 billion in investments with projected benefits valued at over $7 billion. The approved plan will increase average residential monthly bills by $1.84 annually from 2025 through 2027, with current monthly bills averaging $100.

The plan focuses on system reliability improvements, renewable energy growth, and alignment with the Illinois Climate and Equitable Jobs Act (CEJA). ComEd's rates remain significantly below major metropolitan averages, with residential rates 22% lower, commercial rates 21% lower, and industrial rates 38% lower than comparable markets. The company also proposed a Low-Income Discount program, pending ICC approval in 2025.

Delmarva Power, a unit of Exelon (EXC), announced its winter preparedness initiatives, including a $2.7 billion investment in infrastructure improvements over the next five years. The company is focusing on grid reliability enhancements, equipment upgrades, tree trimming, and smart technology integration to handle severe weather and increasing customer demand.

The company is implementing an Assistance Finder tool to help customers access various support programs, including financial assistance and energy efficiency options. Delmarva Power serves approximately 561,500 electric customers in Delaware and Maryland and 140,000 natural gas customers in northern Delaware.