Exelon Corp (EXC)

ComEd is announcing how a series of investments and initiatives in 2024 led to record progress made in terms of enhancing reliability, clean energy access, community investment and jobs, and overall value for over 9 million people served in northern Illinois last year. Even amid record-breaking storms impacting the grid and the region, ComEd continued to deliver best-in-class reliability, connected thousands of customers to new renewable and cleaner energy resources, like solar and EVs, and continued to expand energy efficiency programs that help customers reduce usage and combat climate change.

ComEd today announced that municipal and community organizations in northern Illinois can now apply for the 2025 Powering Communities Grant Program, which advances environmental initiatives; accelerates public safety and clean transportation projects; and increases access to arts programs in communities ComEd serves. Organizations are encouraged to apply for one of the three annual grant programs: Green Region, Powering Safe Communities, and Powering the Arts. Qualifying proposals are eligible for grants of up to $10,000 each.

ComEd on Jan. 16 presented to the Illinois Commerce Commission (ICC) plans to construct a new transmission line in DeKalb County to meet growing energy demand, reinforce grid reliability and support economic growth. If approved, the Kishwaukee Area Reliability Extension (KARE) Project will be constructed south of the city of DeKalb beginning next year.

ComEd today announced it has awarded $190,500 in scholarships to 83 local students pursuing post-secondary education in science, technology, engineering, or math (STEM). Through the Future of Energy scholarship program, ComEd offers awards of up to $10,000 for college STEM programs and up to $2,500 for trade school programs to support more diverse, local students – those who will play a key role in advancing a cleaner energy future here in Illinois and across the country.

ComEd was recently recognized by the Edison Electric Institute (EEI) as a recipient of two Emergency Response Awards. The Emergency Recovery Award was presented to ComEd for its exemplary recovery efforts in response to severe weather that spawned more than 40 tornadoes in northern Illinois last July, and the Emergency Assistance Award was presented to ComEd in recognition of its assistance efforts restoring service to homes and businesses in the South following Hurricanes Helene and Milton.

ComEd and Nicor Gas are collaborating to provide advanced energy efficiency certification opportunities to recent graduates of the utilities’ Market Development Initiative (MDI) programs. MDI is an educational offering designed to provide training and advanced certifications for new and experienced professionals in the growing energy efficiency, with a focus on local and diverse individuals and entrepreneurs.

The Illinois Commerce Commission (ICC) yesterday approved, with modifications, ComEd’s refiled grid plan presented in March of 2024 after changes to the original plan were requested by the ICC in December of 2023. It prioritizes improvements in system reliability to support the growth of renewable energy and continued economic development, as well as other goals of the Illinois Climate and Equitable Jobs Act (CEJA), which puts Illinois on a path to a fully decarbonized energy sector by 2045.

ComEd President and CEO Gil Quiniones, Illinois Commerce Commission Chairman Doug Scott, Boone County Board Chairman Karl Johnson and representatives of Ameresco, Inc. cut the ribbon today on a community solar project constructed on a former landfill owned by Boone County and operated by the city of Belvidere. It is the 160th community solar project in ComEd’s northern Illinois service area and one of the first to serve a county government and area businesses.

ComEd, in partnership with the U.S. Department of Energy (DOE), today celebrated the commissioning of a new battery-energy storage system in Rockford. This battery system is a critical component of ComEd’s ongoing $6.5 million solar and battery energy storage project, funded in part through the DOE Enabling Extreme Real-Time Grid Integration of Solar Energy (ENERGISE) program. The pilot project pairs this new battery energy storage system with an existing customer-owned solar deployment, located at Rockford’s Prairie Street Brewing Company, and will enable ComEd’s research into distributed energy resource management systems that will support the efficient use of solar power generation and grid resiliency.

As temperatures drop, ComEd’s Energy Doctors are available to offer energy-saving tips that can help families and individuals manage energy use and save money on electric bills.

ComEd and the Metropolitan Mayors Caucus (Caucus) today announced the third cohort of communities participating in the EV Readiness Program, a unique initiative to help local governments prepare to meet the growing demand for electric vehicles (EVs) and EV charging infrastructure. A total of 20 communities will receive technical assistance through the program that will enable them to streamline policies and implement best practices for safe and effective regional transportation electrification.

Exelon Corp. (Nasdaq: EXC) announced today that it is consolidating the executive leadership team, with Gayle Littleton stepping down as Executive Vice President, Chief Legal Officer and Corporate Secretary, effective Jan. 1, and assuming the role of Special Advisor to the CEO until March 31. Colette Honorable will assume responsibility for the Legal Department in an expanded role and will be named Chief Legal Officer and Corporate Secretary. Honorable, currently Executive Vice President, Public Policy and Chief External Affairs Officer, will continue leading federal policy, regulatory affairs, and corporate giving for Exelon.

As the holiday season approaches, northern Illinois energy companies are joining the Better Business Bureau (BBB) of Chicago and Northern Illinois to warn customers to be on heightened alert for attempted scams, which tend to increase during this time of year.

ComEd today joined workforce partners and members of the community in celebrating its newest graduating class from Power Up Academy, a career training program launched last year to remove barriers to entry for local residents pursuing engineering related careers. During the event, City Colleges of Chicago and ComEd announced plans to expand their partnership through the accreditation of the program, ensuring that all past and future participants of the program will have the opportunity to qualify for up to 13 credit hours as part of their 14-week training program.

In recognition of ComEd’s successful efforts to achieve best-in-class reliability, PA Consulting, the global innovation and transformation consultancy, yesterday presented the electric company the 2024 ReliabilityOne® award for Outstanding Reliability Performance in the Midwest Metropolitan Service Area. ComEd also received the Climate Action Leader award for advancing the planning and operations to transition into a cleaner future grid.

Rising interest among consumers to reduce their carbon footprints and energy costs is driving the growth of community and rooftop solar in ComEd’s northern Illinois region, and its new hosting capacity map for solar developers is helping streamline the process and meet the demand.

ComEd today announced that two of its energy efficiency offerings – Home Energy Savings (HES) and Strategic Energy Management (SEM) – were recognized with Leaders of the Pack awards from the American Council for an Energy-Efficient Economy (ACEEE), a national nonprofit organization focused on advancing energy-efficiency policies that help customers reduce waste while combatting climate change. The two awards were among only 10 utility-funded, energy efficiency programs to receive ACEEE awards this year.

Exelon Corporation (Nasdaq: EXC) today reported its financial results for the third quarter of 2024.

The Board of Directors of Exelon Corporation declared a regular quarterly dividend of $0.38 per share on Exelon’s common stock. The dividend is payable on December 13, 2024, to Exelon’s shareholders of record as of the close of business on November 11, 2024.

As part of a larger investment to accelerate the equitable growth of electric vehicles (EVs) in northern Illinois, ComEd is announcing that its business and public sector fleet EV rebate program can now be utilized for the purchase of certified, pre-owned electric fleet vehicles and repowered battery electric vehicles to help reduce the costs of transitioning to electric commercial and public sector fleets.

Following a competitive process, ComEd joined Governor Pritzker, the U.S. Department of Energy (DOE), the Mayor of Rockford and Region 1 Planning Council (R1) to announce the DOE has awarded ComEd $50 million in federal funding to enhance the power grid’s ability to deliver affordable, clean energy to Illinois communities. The funds will enable ComEd and its local partners to launch advanced clean energy investments, expand carbon free energy resources and offer new clean energy jobs training for the local community. This is the largest-ever ComEd Smart Grid Grant, distributed by DOE’s Grid Resilience and Innovation Partnership (GRIP) program and funded through the landmark Bipartisan Infrastructure Law.

The festive season is fast approaching, bringing with it opportunities for communities to come together and spread cheer. To support local holiday light displays across northern Illinois, ComEd and the Metropolitan Mayors Caucus today announced grants of up to $2,500 each for 24 northern Illinois communities through the annual ComEd Powering the Holidays Program.

Exelon Corp. (Nasdaq: EXC) has announced the promotion of Cynthia McCabe to senior vice president, chief of staff and chief communications officer, effective Nov.1, 2024.

In a unified effort to support communities impacted by Hurricane Milton, Exelon has deployed more than 600 field and support personnel to aid in power restoration after the storm’s landfall. Recognizing the urgency and potential devastation of the storm, Exelon’s utility companies swiftly mobilized resources to ensure local Florida utility companies have the support needed to address power outages safely and promptly. This follows Exelon’s recent dispatch of hundreds of crews to assist in the aftermath of Hurricane Helene.

As many homeowners consider a furnace tune up or replacement ahead of the winter season, ComEd is unveiling an all-in-one resource to help customers consider the benefits of switching from traditional furnaces to electric heat pumps. The new Go Electric site provides information to help customers consider the benefits and options of switching to high-efficiency heat pumps, pricing and incentives, how to locate trained contractors, and other key information.