CHICAGO--(BUSINESS WIRE)--Exelon (Nasdaq, EXC) announced today that Mike Innocenzo, currently president and chief executive officer of Exelon subsidiary PECO, has been promoted to executive vice president and chief operating officer of Exelon, reporting to Exelon President and Chief Executive Officer Calvin Butler. Innocenzo will oversee all utility operations and the CEOs of BGE, ComEd, PECO and PHI will report to him. He will also be responsible for the Cyber & Information Security Services, Corporate Phy ...

CHICAGO--(BUSINESS WIRE)--ComEd today joined union and community leaders to recognize 47 new lineworkers joining the ranks of America’s most reliable electric utility. ComEd’s newest graduates of its overhead apprenticeship program completed industry-aligned training at one of three regional training centers based in Chicago, Rockford, and Joliet, and will play a key role in supporting and maintaining the grid that serves more than 9 million people across northern Illinois. “The clean energy transformati ...

CHICAGO--(BUSINESS WIRE)--As part of a larger investment to accelerate an equitable adoption of electric vehicles (EVs) in northern Illinois, ComEd today launched a new rebate program to increase access to EV chargers. Through the $5 million EV Charger and Installation Rebate Program, ComEd customers can receive rebates of up to $3,750 to offset the cost of purchasing and installing a Level 2 charger in their home in 2024. Level 2 chargers can charge an EV battery 6 to 8 times faster than charging from a wa ...

CHICAGO--(BUSINESS WIRE)--A stronger, more modernized grid is needed to both withstand the challenges of more frequent severe weather due to climate change and to support a cleaner energy future that will bring improved air quality to northern Illinois communities as more solar energy, electric vehicles (EV) and other all-electric technologies are adopted. ComEd today announced that, in 2023, the company delivered a variety of exceptional benefits to the 9 million people it serves, including enhanced reliab ...

CHICAGO--(BUSINESS WIRE)--Following two periods of sub-freezing temperatures over the past two weeks, households and businesses across northern Illinois may have had to significantly increase their energy use, which could result in higher-than-expected bills for some customers. To help them navigate the situation, ComEd reminds customers that a variety of financial assistance programs are available and urges customers to contact the energy company immediately if they face difficulty paying their electric bi ...

Exelon Corporation (EXC) , with its investments in regulated utility operations for grid modernization, electric transmission and efficient debt management, is expected to be a consistent performer in its industry over the long run.This Zacks Rank #3 (Hold) stock delivered an average four-quarter earnings surprise of 1.77%.  Its long-term (three to five years) earnings growth is currently pegged at 5.64%. Moreover, its current dividend yield of 4.05% is better than its industry average of 3.56%.TailwindsExe ...

CHICAGO--(BUSINESS WIRE)--After significant snowstorms, which dropped 6 – 8 inches of wet, heavy snow, and recorded wind gusts of 55 MPH, moved through northern Illinois Friday morning, ComEd crews have restored power to more than 152,500 customers, approximately 99 percent of the 153,500 customers impacted by the storm. The hardest hit areas were Chicago and the northern areas of Illinois. Approximately 900 customers remain without power due to the storm as of 5:00 am while 1,700 ComEd and contractor util ...

CHICAGO--(BUSINESS WIRE)--ComEd was recognized by The Edison Electric Institute (EEI), a national association that represents all American investor-owned electric companies, with two awards for its outstanding emergency recovery and assistance efforts in 2023: The Emergency Assistance Award, recognizing ComEd’s assistance efforts restoring service to homes and businesses in the Midwest following the June 2023 derecho, a widespread, fast-moving collection of thunderstorms with destructive winds, and the Emer ...

CHICAGO--(BUSINESS WIRE)--The Midwest Energy Efficiency Alliance (MEEA) announced ComEd is being honored with dual Inspiring Efficiency Awards. The awards recognize innovative programs that help income-eligible customers and businesses in low-income communities across northern Illinois take advantage of energy-efficiency and electrification offerings that can help them manage energy bills and support the environment. MEEA named ComEd a recipient of its Innovation Award for the energy company’s cross-functi ...

Igor Kutyaev/iStock via Getty Images Exelon Corporation (NASDAQ:EXC) is a holding company for six regulated gas and electric utilities serving 10.6 million customers. These include Baltimore Gas & Electric (BGE), Commonwealth Edison (ComEd), Philadelphia Electric (PECO), Atlantic City Electric (ACE), Delmarva Power (DPL) and Potomac Electric Power (Pepco). BGE, DPL, and PECO have both gas and electric operations; the other utilities are purely electric. Exelon subsidiaries operate in the major urban are ...