Exelon Corporation
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Company Description
- CEO
- Calvin G. Butler Jr.
- Full Time Employees
- 20,571
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- 10 South Dearborn Street Chicago IL United States of America 60680-5379
- IPO Date
- May 2, 1973
- CIK
- 0001109357
- Website
- exeloncorp.com
- Similar Companies
- Business
- Exelon Corporation (Nasdaq: EXC), founded in 2000 through the merger of PECO Energy Company and Unicom Corporation, serves as one of the nation's largest utility holding companies, headquartered in Chicago, Illinois; it focuses on the regulated transmission and distribution of electricity and natural gas across key U.S. regions including Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and Washington, D.C. The company operates six fully regulated utilities—Atlantic City Electric, Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power, PECO Energy, and Potomac Electric Power Company (Pepco)—delivering reliable, affordable energy to more than 10.7 million customers through extensive transmission and distribution infrastructure; these utilities provide electricity to approximately 10 million accounts and natural gas to over 1.9 million accounts, supported by ongoing investments in grid modernization, smart grid technology, storm hardening, advanced reliability systems, and renewable energy integration. Exelon's operations emphasize best-in-class performance in customer satisfaction, outage reduction, and service restoration, bolstered by its 20,000 employees who also drive community initiatives in workforce development, equity, economic growth, and volunteerism. In recent developments, Exelon anticipates investing approximately $38 billion over the next four years in capital projects, with transmission accounting for 80% of the increase, alongside an additional $10 billion to $15 billion in potential transmission opportunities to support data centers and high-density loads; its data center pipeline has surged to 17 GW, more than doubling year-over-year, amid a projected 1.3% annual load growth through 2028. The company reported a 14% rise in 2024 net income to $2.5 billion and revenue growth to $23 billion, with earnings expected to expand 5% to 7% annually through 2028; it continues pursuing federal funding under the Infrastructure Investment and Jobs Act for grid resilience and clean energy projects while engaging stakeholders on 45 state bills addressing supply-demand solutions in the PJM Interconnection region. Following the 2022 separation of its generation business into Constellation Energy, Exelon has sharpened its focus on regulated utility operations, including transmission upgrades to facilitate coal plant retirements such as Maryland's Brandon Shores.
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