Follow Exelon on Twitter @Exelon. EXC is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of B. [12] On March 23, 2016, the merger was finally approved by the District of Columbia Public Service Commission after the company made concessions and the merger was completed, making Exelon the largest regulated utility in the United States by customer count and total revenue. As you may know, Edison experimented with electric currents and created an early light bulb that wasn't ready for mass use. Powered and implemented by Interactive Data Managed Solutions. Fortune 500 Exelon Company Profile > Fortune 500 > # 218 Fortune 500 Exelon RANK 218 Previous: 217 Next: 219 Courtesy of Exelon Company Information As of 6/5/23 Country U.S.. Since being named to the Fortune 100, Exelon has continued to grow. [15][16], In the 1970s, activists delayed the opening of nuclear power plants by PECO Energy. Is This 1 Momentum Stock a Screaming Buy Right Now? 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 2015 revenue of $34.5 billion. Exelon Corporation (NASDAQ: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the United States. [3] Unicom was based in Chicago and the city became the headquarters of the new entity. This year's list, which again includes Nvidia, shows the power of this . Exelon Corporation (Exelon) is a Fortune 100 company headquartered in Chicago that supplies power generation, competitive energy sales, transmission and delivery. Newsroom Exelon Employees Mark Fortune 100 Status by Ringing Opening Bell at the New York Stock Exchange Exelon is the only Fortune 100 company in its sector following stable growth and a strong commitment to innovation and clean energy Creating a single view of operational data across its entire fleet has the potential to drive substantial improvements in reliability, efficiency and profitability, said Ganesh Bell, chief digital officer, GE Power. This collaboration with Exelon signals GEs continued commitment to deliver innovative Internet of Things (IoT) solutions in every part of the electricity value network. Since being named to the Fortune 100, Exelon has continued to grow. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Exelon Corporate Communications410-470-4167paul.adams@constellation.com, b+HNZ03QbdV3RwrGOsa+MnGfdLepexCexgEyAE8/HenypYdFwHZ/SitMW3gopCBPSOYvXIO2SBpegC0amsMdk/PsOR00H7lceTEBA2jxoHneUiSnhHJZNnG0lyJbaue2KUN6SCabn5XGz43Hgpi6Si5xkdakDoBOLoln1jAinEk=. The merger was overseen by the CEO of Unicom, John Rowe, who joined the corporation in 1998 and led the newly-formed Exelon until 2012, becoming the nation's longest-serving utility executive. Spun off Constellation Energy (2022 rank: 162), Feb. 1, 2022. We initiate coverage on Constellation Energy (Spin-Off) with a Hold rating and an implied upside of 2.3% from the current market price of $53.01 as of 2/2. This is truly a game-changer.. Constellation Energy is one of the largest producer of carbon-free energy and the leading competitive retail supplier of power and energy products and services. The company completed its merger with Pepco Holdings in March and is investing $25 billion on critical infrastructure, smart grid technology and other customer service improvements to benefit the 10 million electric and gas customers across Exelons six utilities. 11 of 954 companies on the overall 2022 list, moving up from No. Constellation Launches as Largest U.S. Clean Energy Company After Constellations nuclear energy fleet has run over 94% levels since 2013, which is 4% better than the industry average of 90%-91%, and had a 2020 refuelling outage duration of 22 days, 11 days below the industry average. Post spin-off, Constellation is one of the top nuclear operators with a high-class nuclear fleet, and plans to pay out $180 million in dividends starting in 2022 with a 10% growth in dividend payout in the near future. The Fortune 500 list, which is published by the American Fortune magazine, ranks the 500 largest public and private firms in terms of revenue. 99. For FY22, the company expects adjusted EBITDA from $2.35 billion to $2.75 billion. This agreement allows for enhanced collaboration between GE and Exelon to develop solutions to complex industry challenges and accelerate the adoption of new, digital technologies across our industry.. Offers may be subject to change without notice. ComEd's service territory borders Iroquois County to the south (roughly Interstate 80), the Wisconsin border to the north, the Iowa border to the west and the Indiana border to the east. [11] The merger was originally rejected by the District of Columbia Public Service Commission in August 2015, though it was approved by other federal and state regulators. Well look back on today as the pivotal moment digital transformation went mainstream., Exelon is truly a pioneer. We are committed to providing a cleaner, brighter, more reliable, innovative and affordable energy future for our more than 10 million customers.. In 2021, Exelon announced its Path to Clean commitment to cut operations-driven emissions by 50 per cent or more by 2030 and achieve net zero by 2050. Exelon is also fostering a culture of innovation and partnering with top universities, national labs, government agencies, venture capitalists and private equity firms to unleash new technology that has the potential to transform the industry, spur clean energy options and provide greater benefits to customers. Exelon is the only Fortune 100 company in its sector following stable growth and a strong commitment to innovation and clean energy, Paul Adams Is Snowflake A Buy Following AI Deal With Nvidia? We deliver electricity to your home or business. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. serves 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. Looking at trading volume, an average of 5,906,122.50 shares exchanged hands over the last 20 trading days. Follow Constellation onLinkedInandTwitter. How TIME Chose the 100 Most Influential Companies of 2023 We'd love to hear from you, Constellation Launches as Largest U.S. Clean Energy Company After Completing Separation from Exelon. Programs to help you better manage your electric bills, Championing investments in technology that can lead to shorter, fewer outages and better information that can empower you to make smart choices about your energy usage, Demonstrating a spirit of community service. Exelon Corporation is a public utility headquartered in Chicago, Illinois, and incorporated in Pennsylvania. Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks . We have assumed a Net debt of $3.8 billion, which includes a contribution of $1.75billion in cash by Exelon (stub). Also, prior to the spin-off, Exelon is providing the company with a cash payment of $1.75billion, which it will use to pay off some debt coming due this year. Exelon does business in 48 states, the District of Columbia and Canada. Fortune 100 Energy Company Exelon Chooses GE Predix to Accelerate Deb McManusGE Power, Power Digital SolutionsM: +1 510-856-8867Deborah.mcmanus@ge.com, Paul AdamsExelon, Senior Manager, Corporate CommunicationsOffice: 410 470 4167 | Mobile: 410 245 8717Paul.Adams@constellation.com, j9IAE/GKQVEyXBv5VRYh2GTzC0iNazaJHc1E5W2E1cZ2xQaTYxt2mSqM71TeY5iNFnOWfumDbK+HbQUR59lM/8QpCfgmu3gd9nPPmd0sO4qeSQv+u9dLrL/iVLMOeFQTYG7L2JQ9/8ZSV/eogBPMpALrLLD8UPk/lL+o2QqTt7g=. In connection with the separation, Exelon shareholders received one share of Constellation common stock for every three shares of Exelon common stock held at the close of business on January 20, the record date for the distribution. The merger faced stiff opposition from community groups and D.C. Mayor Muriel Bowser. EXELON TO SEPARATE ITS UTILITY AND COMPETITIVE - Exelon Corporation With the spin-off of Constellation, Exelon is a 100% regulated transmission and distribution utility business. Exelon Careers and Employment | Indeed.com Powered and implemented by Interactive Data Managed Solutions. It is expected to maintain balance sheet capacity to support investment grade credit ratings firmly. On the first day of regular-way trading, shares of EXC opened at $41.06 and closed at $42.86 after trading between $40.80 and $43.09. [1] Exelon is the largest electric parent company in the United States by revenue and is the largest regulated electric utility in the United States with approximately 10 million customers. EXC is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of B. The incidents did not come to light until a videotape of the security guards was leaked to news media. It does not appear on display pages. Teslas Delivery Growth Surpasses Estimates. As the only Fortune 100 company in our sector, we serve more utility customers and produce more zero-carbon energy than any other company nationwide. Exelon was named to the Fortune 100 earlier this year based on 2015 revenue gains, following strong growth across its business and a commitment to investing in clean energy and next-generation energy grid technology. Exelon shareholders will retain their current shares of Exelon stock. All Rights Reserved. How one CEO says we can have many more Black leaders | Fortune Market value as of March 31, 2023. The separation was completed on Feb 1, 2022. www.gepower.com. Follow GE Power on Twitter Through improved marketing and increased demand for electric lighting, Commonwealth Edison was born in September 1907. Constellation is the nations largest producer of carbon-free energy and leading supplier of sustainable solutions to millions of residential, public sector and business customers, including three fourths of Fortune 100 companies. For FY20, the company recorded revenues of $33.0 billion. The company. elizabeth.keating@exeloncorp.com, For the fifth consecutive year, Exelon has made the list of Americas Most JUST Companies by JUST Capital, ranked No. Exelon, Duke, Southern, PG&E still the top utilities on Fortune 500 P/E Valuation: Our intrinsic value of $47.25 (Previously: $46.75) for EXC is based on a 2022e P/E multiple of 20.2x (~5% premium to its peer median multiple of 19.2x). Plus, Exelon Corp. CEO Calvin Butler sits down with Fortune to talk about diversity and Exelon's future growth. Exelon Completes Spin-Off Of Constellation Energy - Forbes Exelon Corporate Communications410-470-4167paul.adams@constellation.com, dv+B9zQe3Ye3T8C2OSKmYzkqnCQff0yew0mYLTYPDrnpz/orBTi6RXpmUZl3Sii0B/bHASyS2JcZkpzntESraAljyG8RCDyVWOPtWH10xUfn6KIV6QHYnfctAZyCJB5csRrDQtSk/XjtWSH69xDR+gyrtOg/ta9v40WdMWilvgA=. Vice President, Investor Relations With 25 new customers deploying Predix-based Digital Power Plant and Digital Wind Farm solutions its been a tremendous year of innovation in the electricity industry. Exelon Jobs and Company Culture - The Muse Exelon is one of the largest competitive U.S. power generators, with more than 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. We pursue this goal through a variety of efforts that include: At ComEd, we understand how important safe, reliable power is to customers like you. 72 Above average Happiness How enjoyable people find their day-to-day life at work Above average Purpose How meaningful people find their work High Satisfaction Earnings for Exelon are expected to grow by 6.78% in the coming year, from $2.36 to $2.52 per share. Exelon is also fostering a culture of innovation and partnering with top universities, national labs, government agencies, venture capitalists and private equity firms to unleash new technology that has the potential to transform the industry, spur clean energy options and provide greater benefits to customers. EXC has lost 1.9% in the last one-year period as well. As a major Illinois corporation, we also recognize our responsibility to be a good community partner, which is why we support a range of initiatives making a difference in peoples' lives. Constellation has set a goal to eliminate 100 per cent of its greenhouse gas emissions by 2040 by leveraging innovative technology and enhancing its diverse mix of hydro, wind, and solar resources paired with the nations largest carbon-free nuclear fleet. [17], In 2015, Earth Quaker Action Team began a campaign to pressure PECO to expand the solar power it purchases, and to purchase it locally to create jobs.[18]. Exelon | Employee Benefits | Login / Register 11 overall and the No. Please turn on JavaScript and try again. On February 1, 2022, Exelon Corporation (NASDAQ: EXC, $42.86, Market Capitalization $41.9 billion) completed the tax-free spin-off of Constellation Energy (NASDAQ: CEG, $53.01, Market. [1], Exelon Corporation was created in October 2000 by the merger between PECO Energy Company, formed in 1902, and Unicom Corporation, the parent of Commonwealth Edison, formed in 1907. Headquartered in Baltimore, its generation fleet powers more than 20 million homes and businesses and is helping accelerate the nations transition to clean energy with more than an annual output of 90 per cent carbon-free 32,400 megawatts of capacity. Exelon Ranked #1 Utility, Rising to 11th Overall, in Annual List of Our intrinsic value of $47.25 (Previously: $46.75) for EXC is based on a 2022e P/E multiple of 20.2x (~5% premium to its peer median multiple of 19.2x). You may opt-out by. Exelon Named to Fortune's Most Admired Companies List - Yahoo Finance Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2019 revenue of $34 billion. Offers may be subject to change without notice. Fortune 100 Energy Company Exelon Chooses GE Predix to Accelerate We are proud to be recognized for our efforts to create a more equitable economy for all of the communities we serve, prioritize the health and safety of our employees and customers and lead in the fight against climate change, said Chris Crane, president and CEO, Exelon. Today, you can download 7 Best Stocks for the Next 30 Days. University Of Kansas Receives Record $100 Million For Cancer - Forbes Exelon ranked No. Exelon | 2019 Fortune 500 | Fortune A technical error has occurred. The company is expected to generate about $3 billion of FCF (operating cash minus base capex) in its first two years of initiation. 1 Utility, Internet Explorer presents a security risk. The company completed its merger with Pepco Holdings in March and is investing $25 billion on critical infrastructure, smart grid technology and other customer service improvements to benefit the 10 million electric and gas customers across Exelons six utilities. In July 1892, another Edison employee moved to Chicago to run Edison's local company, Chicago Edison. Exelon tied for overall first place for local job creation, transparent charitable giving and transparent customer communication. We're doing our part for the environment as well. When Calvin Butler became chief executive of electric utility operator Exelon in late 2022, he entered the small but growing club of Black CEOs at Fortune 500 companies. Exelon has a robust investment plan to continue its performance track record post-separation. To do this, we manage more than 90,000 miles of power lines in an 11,400-square-mile territory. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum. Constellation has the nations largest carbon-free generation fleet, including nuclear, hydro, wind and solar, providing 10% of all clean power on the grid in the U. S., with the potential for second license renewals that extend the life of nuclear stations to 80 years. [22], Exelon makes political contributions via its political action committee (PAC), EXELONPAC.