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) generates a steady flow of news as a Fortune 200 utility company and one of the nation’s largest providers of regulated transmission and distribution services. Through its six operating utilities—Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco—Exelon issues updates on customer programs, grid investments, financing activities and regulatory developments that affect more than 10.7 million customers.
News about EXC often covers customer affordability initiatives and assistance programs. Recent announcements include Exelon’s Customer Relief Fund, which has provided $60 million in direct customer assistance over the past year, and an additional $10 million contribution to support customers as winter weather increases energy use. ComEd has also highlighted the launch of a Low-Income Discount program designed to provide percentage-based bill reductions for income-eligible customers, as well as other bill-support and energy efficiency efforts.
Investors and observers can also find coverage of Exelon’s grid and transmission projects. ComEd has reported on new Transmission Security Agreements with large load customers to ensure they pay their fair share of transmission costs, as well as the expansion of the Wilton Center substation to enable the interconnection of multiple wind and solar farms. Exelon has additionally been identified with NextEra Energy Transmission in a proposed 765-kV transmission line project under PJM’s Regional Transmission Expansion Plan.
Other EXC news items include executive leadership changes, such as the appointment of a chief customer and technology officer, and capital markets activity, including the offering and pricing of convertible senior notes due 2029. The Exelon news page on Stock Titan aggregates these updates so readers can follow themes such as customer affordability, infrastructure investment, regulatory disclosures and financing decisions related to EXC.
Exelon Corporation (Nasdaq: EXC) reported strong financial results for Q3 2020, with adjusted earnings of $1.04 per share, exceeding guidance of $0.80 to $0.90. Year-to-date investments of $4.5 billion aim to improve infrastructure and grid reliability. Despite challenges from the pandemic and severe weather, Exelon raised its earnings guidance for the year to $3.00-$3.20 per share. However, GAAP net income decreased to $0.51 per share from $0.79 year-over-year, primarily due to the early retirement of certain generation assets and COVID-19 impacts.
Exelon Corporation's Board of Directors has declared a quarterly dividend of $0.3825 per share on its common stock. The dividend will be paid on December 10, 2020, to shareholders recorded by November 16, 2020, at 5 p.m. Eastern time. Exelon is a Fortune 100 energy company, serving approximately 10 million customers across multiple states and Canada, with a 2019 revenue of $34 billion. It operates one of the largest competitive power generation fleets in the U.S., with a capacity of 31,000 megawatts.
ComEd has launched the ComEd STEM Home Labs, a virtual program aimed at engaging 100 Chicago-area students in STEM education during the COVID-19 pandemic. This initiative, developed by ComEd engineers and Dr. Kate Biberdorf, offers hands-on experiments focused on solar energy, electricity, and circuitry over five months. The program begins on October 24 and aims to inspire underrepresented groups in STEM fields. Students will receive kits to participate in real-time sessions, culminating in a Rube Goldberg machine project.
ComEd has launched its second year of a targeted grazing program utilizing over 200 kiko goats to manage vegetation along power lines in Illinois. This eco-friendly initiative aims to reduce the risk of power outages by clearing hard-to-reach areas without machinery. The goats, known for their efficiency, can clear one acre per week compared to a human crew. Alongside this, ComEd has introduced a social media campaign, 'Goatternship', to engage the community and educate them about the program. ComEd serves approximately 4 million customers across northern Illinois.