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 ...
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...
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 ...
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-...
CHICAGO--(BUSINESS WIRE)-- 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...
CHICAGO--(BUSINESS WIRE)-- Exelon Corporation (Nasdaq: EXC) today reported its financial results for the third quarter of 2024. "Our strong third quarter performance highlights the dedication of our 20,000 employees delivering top quartile service despite unprecedented challenges," said Exelon President and Chief Executive Officer Calvin Butler. "This summer, our regions faced record-breaking severe weather, including an historic number of tornadoes in the Chicago area. Yet, we maintained top quartile reliability, with ComEd and Pepco Holdings performing in the top decile. We’re also making p...
CHICAGO--(BUSINESS WIRE)-- 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. About Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest utility company, serving more than 10.5 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Powe...
CHICAGO--(BUSINESS WIRE)-- 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. This press release features multimedia. View the full release here: Cynthia McCabe (Photo: Business Wire) McCabe, previously vice president, Executive Operations, and chief of staff to Exelon President and Chief Executive Officer Calvin Butler, will oversee communications and marketing across Exelon and its six local energy companies, including external and employee communications, reputation initia...
CHICAGO--(BUSINESS WIRE)-- 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. This press release features multimedia. View...
Recessionary Signals as SPX Tests Resistance; Downgrading Energy to Underweight Our long-term outlook remains neutral on the S&P 500 (SPX) as of our 8/6/24 Compass, after being bullish since early-November 2023. Despite our expectations for a short-term rally since our 8/13/24 Compass, we still see the SPX and Nasdaq 100 (QQQ) as going through a 1- to 4-month pullback/consolidation period, and market dynamics remain concerning. Current price action on the SPX is extremely similar to prior major...
CHICAGO--(BUSINESS WIRE)-- Exelon Corp. (Nasdaq: EXC) has named government and external affairs veteran, Marie Sylla Dixon, as the company’s senior vice president of Federal Affairs. Sylla Dixon will oversee all federal-level governmental and regulatory activities for Exelon, including the development and implementation of industry policies and will provide strategic direction for relationships with key entities, including the U.S. Congress, governmental agencies, the Federal Energy Regulatory Commission and PJM regional transmission provider. Sylla Dixon will play a crucial role in how Exel...
Upgrading Utilities to Overweight The S&P 500 (SPX) is back near YTD highs and testing resistance in the 5670-5783 range, and we view this as an ideal time to reduce risk and shift to defensives. We continue to believe that the SPX and Nasdaq 100 (QQQ) are going through a 1- to 4-month pullback/consolidation that could end up being a topping pattern. To recap, (1) in our 7/30/24 and 8/6/24 Compass reports we discussed how 5100-5191 was our target/bounce area on SPX, (2) we downgraded our long-t...
CHICAGO--(BUSINESS WIRE)-- Exelon Corporation (Nasdaq: EXC), the nation’s largest utility company, has announced the latest companies to receive venture capital investments as part of Exelon’s Climate Change Investment Initiative (2c2i). These companies are leading the way with products, services and technologies that are focused on reversing or mitigating the damage done by climate change, while also working to improve the communities where they operate. Each year through a competitive process, the Exelon Foundation provides equity investments to companies with operations in its service are...
CHICAGO--(BUSINESS WIRE)-- Exelon (Nasdaq: EXC) and The Exelon Foundation kicked off the inaugural Boys to STEM Academy on July 28 to encourage and support young men in grades 10 and 11 looking to explore STEM-related fields. The Boys to STEM Academy offered a free, week-long curriculum including a series of climate-focused STEM challenges, conversations with leaders in STEM, and mentoring sessions with Exelon employees. Sixty participants, fifteen from each Exelon region, were selected for the inaugural Academy. Participating students from Exelon service areas in Illinois (ComEd), Delaware (D...
CHICAGO--(BUSINESS WIRE)-- Exelon Corporation (Nasdaq: EXC) today reported its financial results for the second quarter of 2024. "I am pleased to report strong second-quarter earnings and industry-leading operational performance as Exelon maintains our consistent track record of delivering results," said President and CEO Calvin Butler. "We continue achieving the top-tier reliability our customers expect, and in an evolving regulatory environment, we are being nimble in our financial and regulatory strategies, ensuring our investments meet customers' growing demands and needs." "We deliver...
CHICAGO--(BUSINESS WIRE)-- 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 September 13, 2024, to Exelon’s shareholders of record as of the close of business on August 12, 2024. About Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest utility company, serving more than 10.5 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Pow...
CHICAGO--(BUSINESS WIRE)-- Exelon (Nasdaq: EXC) announced that as of June 2024, the company has invested nearly $10 million in nine locally-owned businesses across Exelon’s service areas as part of the company’s Community Impact Capital Fund (CICF) initiative, with additional investments expected throughout the remainder of the year. Exelon launched the $36 million fund in partnership with the Exelon Foundation in 2022, to help businesses in under-resourced Exelon communities grow and prosper by expanding access to capital. “By investing in community-based businesses, we’re fortifying the ec...
CHICAGO--(BUSINESS WIRE)-- Exelon Corporation (Nasdaq: EXC) today reported its financial results for the first quarter of 2024. "Through the first quarter, Exelon is on track for another year of operational excellence while delivering on our financial guidance," said President and CEO Calvin Butler. "We are encouraged that we are making progress on the regulatory front, with ComEd's rehearing process complete almost two months early. Additionally, our Exelon team is leading the industry with our innovative approach on safety, now measuring our performance through a Serious Injury Incidence R...
BALTIMORE--(BUSINESS WIRE)-- 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 Friday, June 14, 2024, to Exelon’s shareholders of record as of 5 p.m. Eastern time on Monday, May 13, 2024. About Exelon (Nasdaq: EXC) is a Fortune 250 company and the nation’s largest utility company, serving 10.6 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power...
CHICAGO--(BUSINESS WIRE)-- Three project teams led by Exelon (Nasdaq: EXC) engineers and innovators have been selected to receive Electric Power Research Institute’s (EPRI) 2024 Technology Transfer Awards. These prestigious awards recognize projects that have incorporated EPRI’s cutting-edge research to help accelerate the adoption of sustainable energy solutions. From hardware and system innovations to planning and analyzing the impact that more electric vehicles will have on the grid, the three award-winning teams’ achievements underscore how Exelon is committed to leading the energy trans...
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