- CEO
- Calvin G. Butler Jr.
- Full Time Employees
- 20,000
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- 10 South Dearborn Street Chicago IL United States of America 60680-5379
- IPO Date
- Nov 11, 2022
- Business
- Exelon Corporation (PEO.DE) operates as a leading utility services holding company in the United States, primarily engaged in the generation, transmission, and distribution of electricity and natural gas to residential, commercial, industrial, and wholesale customers. The company provides a diverse portfolio of energy services, including regulated electric and gas utility operations through its subsidiaries such as Pepco Holdings (serving the Mid-Atlantic region), Commonwealth Edison (northern Illinois), and Baltimore Gas and Electric (Maryland); clean energy generation from nuclear, wind, solar, and hydroelectric facilities; energy solutions like demand response programs, sustainability consulting, and smart grid technologies; and transmission infrastructure management across multiple states. Founded in 1999 and headquartered in Chicago, Illinois, Exelon conducts its operations across 11 states and the District of Columbia, serving approximately 10 million customers and focusing on the transition to low-carbon energy sources with a target of net-zero emissions by 2050. Recent major developments include the ongoing integration of acquired assets from the 2022 spin-off of six fossil fuel and hydropower generation plants into a separate entity, enabling a sharper focus on nuclear and renewables; strategic partnerships for offshore wind projects, such as expansions with Ørsted in the Northeast; and new regulatory approvals for grid modernization investments exceeding $2 billion in 2024-2025 to enhance reliability and support electric vehicle infrastructure. In late 2025, Exelon announced enhancements to its customer-facing digital platforms and a multi-year collaboration with technology providers for AI-driven predictive maintenance in transmission networks, alongside securing federal grants for nuclear life extensions at key plants.