Exelon Stock Price, News & Analysis
Company Description
Exelon Corporation (NASDAQ: EXC) is a Fortune 200 utility company and, according to its public disclosures, is one of the nation’s largest utility companies. Exelon serves more than 10.7 million customers through six fully regulated transmission and distribution utilities: Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). The company is incorporated in Pennsylvania and has principal executive offices in Chicago, Illinois, as reflected in its SEC filings.
Exelon’s business centers on the delivery of electricity and natural gas to residential, commercial and other customers in multiple states and the District of Columbia. Its operating companies provide regulated transmission and distribution services in territories that include northern Illinois, parts of Pennsylvania, Maryland, New Jersey, Delaware, and the District of Columbia. For example, ComEd powers more than 4 million customers across northern Illinois, while Exelon’s utilities collectively serve more than 10.7 million electricity and natural gas customers.
Regulated utility operations
Exelon describes its six operating companies as fully regulated utilities focused on transmission and distribution. These utilities are responsible for delivering energy over their networks and maintaining grid infrastructure in their respective service territories. ComEd, for instance, operates in northern Illinois and notes that it powers approximately 70 percent of the state’s population. Other Exelon utilities, such as PECO, BGE, Delmarva Power, Atlantic City Electric and Pepco, operate in their own defined regions under state and federal regulatory oversight.
In public statements, Exelon emphasizes reliable, affordable and efficient energy delivery as a core focus across its utilities. The company also highlights activities related to workforce development, equity, economic development and volunteerism, indicating a broader community and stakeholder orientation beyond the basic delivery of electricity and natural gas.
Customer base and service territories
According to Exelon’s news releases and SEC filings, the company serves customers in five states and the District of Columbia through its operating companies. These include:
- Commonwealth Edison (ComEd) – Serves more than 4 million customers in northern Illinois, representing about 70 percent of the state’s population.
- PECO Energy Company (PECO) – A Pennsylvania corporation serving customers in and around the Philadelphia region.
- Baltimore Gas and Electric (BGE) – A Maryland corporation serving customers in and around Baltimore.
- Atlantic City Electric (ACE) – A New Jersey corporation serving customers in southern New Jersey.
- Delmarva Power & Light (DPL) – A Delaware and Virginia corporation serving parts of Delaware and Virginia.
- Pepco – A District of Columbia and Virginia corporation serving customers in the District of Columbia and parts of surrounding areas.
Across these service territories, Exelon’s utilities are involved in delivering electricity and, in some cases, natural gas to end users under regulated frameworks.
Capital markets and financing activities
Exelon accesses capital markets to support its corporate needs and those of its utilities. In a recent announcement, Exelon priced an offering of convertible senior notes due 2029 in a private placement under the Securities Act of 1933. The company stated that it intends to use the net proceeds from this offering for the repayment or refinancing of debt or for general corporate purposes. The notes are described as senior unsecured obligations of Exelon with specified interest terms and conversion features, as detailed in the related news release.
Customer affordability and assistance initiatives
Exelon and its operating companies publicly describe a range of efforts aimed at addressing energy affordability. Exelon announced a Customer Relief Fund, with a total of $60 million in direct customer assistance over the past year, and an additional $10 million contribution to support customers as cold weather drives higher energy use. The company notes that each operating company—Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco—receives a portion of this contribution, which is administered by local nonprofits with eligibility criteria tailored to local needs.
Alongside this fund, Exelon highlights year-round customer assistance programs, bill management tools, energy efficiency initiatives and longer-term efforts focused on enhancing energy supply to support more affordable and reliable service. Its ComEd unit has also described specific programs, such as a Customer Relief Fund and other bill-support initiatives, designed to help customers manage rising energy costs.
Grid infrastructure and transmission projects
Exelon’s utilities are involved in grid infrastructure projects and transmission planning. ComEd has described work on Transmission Security Agreements (TSAs) with large load customers to ensure that new large load projects pay their share of transmission costs and to protect existing customers from bearing costs associated with speculative projects. These agreements include revenue commitments tied to transmission services requested by large customers and are intended to reduce the risk that other customers will face higher transmission charges if projects do not fully materialize.
ComEd has also reported on the expansion of its Wilton Center substation in southern Will County, Illinois. The expansion is described as a necessary upgrade to enable the interconnection of multiple utility-scale wind and solar projects to the ComEd grid and the PJM energy market. After additional planned upgrades, ComEd’s transmission system is expected to have capacity for several wind and solar farms with substantial renewable generation output, according to the company’s public statements.
Separately, Exelon has been identified in PJM Interconnection’s Regional Transmission Expansion Plan as a participant, alongside NextEra Energy Transmission, in a proposed 765-kilovolt high-voltage transmission line project intended to support safe, reliable and affordable energy for customers in Pennsylvania and parts of West Virginia. Public statements about this project emphasize its role in grid resilience and economic development, as well as its potential to facilitate significant power flows over long distances.
Customer programs and energy transition efforts
Within Exelon’s family of utilities, ComEd has described a number of programs related to transportation electrification and clean energy. These include electric vehicle (EV) rebate programs that support public and private charging infrastructure and fleet electrification. ComEd has reported awarding rebates to support EV charging hubs and noted that a large share of registered EVs in Illinois operate in its service territory. The utility also references tools and programs intended to help customers understand and plan for EV adoption.
ComEd has further highlighted the launch of a Low-Income Discount (LID) program, aligned with the Illinois Climate and Equitable Jobs Act, designed to provide income-eligible customers with percentage-based discounts on monthly electric bills. The program is structured with tiers to provide greater savings to those with lower incomes, with the stated aim of reducing the energy burden for eligible households.
Corporate governance and legal matters
Exelon’s SEC filings provide insight into its governance and legal environment. In a Form 8-K, the company disclosed a preliminary approval order from the United States District Court for the Northern District of Illinois regarding a proposed settlement of a consolidated stockholder derivative action, In re Exelon Corporation Derivative Litigation. The settlement terms are set forth in a stipulation and agreement of settlement, and a notice of pendency and proposed settlement has been published as part of the court’s preliminary approval process.
Another Form 8-K describes a temporary suspension of trading under Exelon’s Employee Savings Plan due to a vendor change. During this blackout period, participants and certain insiders are restricted from making specified transactions involving Exelon common stock acquired in connection with their roles. Exelon also reported an executive leadership change in its compliance, audit and risk functions, with responsibilities being reassigned among existing senior executives.
Reporting and regulatory framework
Exelon files periodic and current reports with the U.S. Securities and Exchange Commission, including Forms 10-K, 10-Q and 8-K. The company uses combined 8-K filings for Exelon and several of its utility subsidiaries, including ComEd, PECO, BGE, Pepco Holdings, Potomac Electric Power Company, Delmarva Power & Light, and Atlantic City Electric. These filings often include earnings releases, presentation materials and other disclosures related to financial condition, regulatory matters and corporate actions.
In its cautionary statements, Exelon refers investors to risk factors and management’s discussion and analysis in its Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as other reports filed from time to time. The company notes that forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ from expectations.
EXC stock and investor considerations
Exelon’s common stock trades on the Nasdaq under the ticker symbol EXC. Investors analyzing EXC may consider the company’s role as a Fortune 200 utility with a large regulated customer base, its capital structure and financing activities, and the regulatory environments in which its utilities operate. Public information highlights Exelon’s focus on reliable and affordable energy delivery, customer assistance programs, grid investments and participation in regional transmission planning.
Because Exelon operates in a regulated utility context, its SEC filings, earnings releases and regulatory disclosures provide important details on allowed returns, capital spending, legal proceedings and other factors that can influence its financial performance. Stock Titan’s overview page for EXC brings together these elements to help users understand what Exelon does, how it is structured and what themes recur in its public communications and regulatory reports.
Frequently asked questions about Exelon (EXC)
- What does Exelon Corporation do?
Exelon Corporation is a Fortune 200 utility company that serves more than 10.7 million customers through six fully regulated transmission and distribution utilities: Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco. Its business focuses on delivering electricity and natural gas to customers in multiple states and the District of Columbia. - Where does Exelon operate?
Exelon’s utilities operate in territories that include northern Illinois, parts of Pennsylvania, Maryland, New Jersey, Delaware and the District of Columbia. For example, ComEd serves more than 4 million customers across northern Illinois, while PECO, BGE, Atlantic City Electric, Delmarva Power and Pepco serve customers in their respective regions. - How is Exelon organized?
Exelon is a Pennsylvania corporation that functions as the parent of six fully regulated transmission and distribution utilities. These utilities—Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco—are separate legal entities that file certain SEC reports individually but are also included in combined filings with Exelon. - What stock exchange is Exelon listed on and what is its ticker?
Exelon’s common stock is listed on the Nasdaq under the ticker symbol EXC, as noted in its news releases and SEC disclosures. - How many customers does Exelon serve?
Exelon states that it serves more than 10.7 million customers through its six fully regulated transmission and distribution utilities. ComEd alone powers more than 4 million customers in northern Illinois. - What kinds of customer assistance programs does Exelon support?
Exelon has described a Customer Relief Fund totaling $60 million in direct customer assistance over the past year, with an additional $10 million contribution announced to address higher energy use during cold weather. Its operating companies also reference year-round assistance programs, bill management tools, energy efficiency initiatives and, in ComEd’s case, a Low-Income Discount program designed to provide percentage-based bill discounts for income-eligible customers. - How is Exelon involved in grid and transmission projects?
Exelon’s utilities undertake grid and transmission projects such as ComEd’s expansion of the Wilton Center substation to support the interconnection of multiple wind and solar farms. Exelon has also been identified alongside NextEra Energy Transmission in a proposed 765-kV transmission line project under PJM’s Regional Transmission Expansion Plan, aimed at supporting reliable and affordable energy in Pennsylvania and parts of West Virginia. - What recent financing activities has Exelon announced?
Exelon announced an offering and pricing of convertible senior notes due 2029 in a private placement. The company has stated that it intends to use the net proceeds to repay or refinance debt or for general corporate purposes, and that the notes will be senior unsecured obligations with specified interest and conversion terms. - What legal or governance matters has Exelon disclosed recently?
In recent Form 8-K filings, Exelon has disclosed a preliminary court approval of a proposed settlement of a consolidated stockholder derivative action and provided related documents. It has also reported a temporary blackout period for its Employee Savings Plan tied to a vendor change and described related trading restrictions for directors and executive officers. - How does Exelon describe its role in communities?
Exelon states that its approximately 20,000 employees dedicate time and expertise to reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism in the communities served by its utilities.