EXC Exelon Corporation

Exelon Utilities Mobilize Crews to Assist with Restoring Power to Customers in the Path of Hurricane Irma

With Hurricane Irma on a path to the southeastern United States following severe destruction in the Caribbean, Exelon’s six electric utilities -- representing the nation’s largest utility company by customer count -- are preparing to assist the potentially millions of residents whose power may be impacted by the storm. The company has mobilized more than 1,000 utility contractors, including line workers, tree crews and safety personnel, who are prepared to begin traveling to Florida and Georgia as early as Friday evening. Additionally, approximately 75 customer contact center employees will be available to respond to overflow emergency calls from the affected region.

Meanwhile, the Exelon utilities, Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco continue to monitor the storm’s path to ensure sufficient support is on-hand locally if needed.

“We are committed to being of service and putting our resources to work to assist our fellow utilities and communities in need,” said Denis O’Brien, senior executive vice president, Exelon and CEO of Exelon Utilities. “Exelon’s six utilities have the benefit of experience with severe weather as well as other best practices that can help restore power as safely and quickly as possible.”

The company will also help assess what additional assistance residents in Hurricane Irma’s path may need after the storm hits. The company and its employees donated more than $350,000 to the Red Cross and other nonprofits in the Houston area after Hurricane Harvey damaged thousands of homes and businesses. Employee volunteers are currently on the ground in Houston assisting with rebuilding efforts.

Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company with the largest number of utility customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 35,500 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2.2 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Follow Exelon on Twitter @Exelon.

EN
08/09/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Exelon Corporation

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Upgrade Staples to Overweight; Downgrading Services We maintain our near-term bullish outlook on the S&P 500 (SPX) and Russell 2000 (IWM), which has remained in place since 4/22/25, aside from one week (11/19/25-11/25/25) when we went to neutral. We will stay near-term bullish as long as crucial support levels of 6780-6824 on SPX and $255-$257 on IWM continue to hold; every minor dip below these levels has been for no longer than a day, before buyers have stepped-in. We continue to see more det...

 PRESS RELEASE

Exelon Appoints David DeWalt to Board of Directors

CHICAGO--(BUSINESS WIRE)-- Exelon (Nasdaq: EXC) today announced the appointment of David DeWalt, founder and chief executive officer of cybersecurity and venture capital firm NightDragon, to its Board of Directors effective March 10, 2025. This press release features multimedia. View the full release here: David DeWalt, founder and chief executive officer of cybersecurity and venture capital firm NightDragon. (Photo: Business Wire) DeWalt, 60, is a global authority on technology, security and safety, and he helmed cybersecurity industry leaders FireEye, Inc., and McAfee, Inc., before founding ...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

S&P 500 and Nasdaq 100 Testing Initial Support In last week's 2/25/25 Compass, we discussed our expectation for near-term downside as the S&P 500 and Nasdaq 100 (QQQ) displayed several bearish short-term developments. We also said it likely means at least another 2-4 weeks of consolidation, and that if the S&P 500 remains below 6100 and 6150 resistances, do not be surprised if there is a test of the bottom of the range at either 5770-5850 or 5600-5670, where we would be buyers (though we need 5...

 PRESS RELEASE

Exelon Reports Fourth Quarter and Full Year 2024 Results and Initiates...

CHICAGO--(BUSINESS WIRE)-- Exelon Corporation (Nasdaq: EXC) today reported its financial results for the fourth quarter and full year 2024. "I am pleased to announce Exelon has delivered against our financial goals for the third straight year since becoming a transmission and delivery-only company, and we delivered top quartile performance across all our local energy companies, with ComEd and Pepco Holdings in the top decile," said Exelon President and Chief Executive Officer Calvin Butler. "Our commitment to our customers, grid reliability, community investment and being an economic engine ...

 PRESS RELEASE

Exelon’s Local Energy Companies Recognized as “Customer Champions” in ...

CHICAGO--(BUSINESS WIRE)-- Exelon’s local utility companies BGE, ComEd, Delmarva Power and Pepco were named by Escalent, a leading research, data analytics and advisory firm specializing in human and market behavior. The study evaluates utility companies’ ability to deliver effective customer programs with clear communications about improvements – all while building and engaging in customer relationships. Customer Champions are distinguished amongst their industry peers in measured attributes that ensure customer awareness in areas ranging from customer service to energy savings. The web-...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch