Exelon Corporation is a prominent American Fortune 100 energy company headquartered in Chicago, Illinois. Established in October 2000 by the merger of PECO Energy Company and Unicom Corp, it is one of the largest competitive U.S. power generators, with a vast portfolio that includes nearly 32,000 megawatts of nuclear, wind, solar, natural gas, and hydroelectric generated power.
Exelon Corporation operates through several significant segments, including Mid Atlantic, Midwest, New England, New York, Electric, Gas, and other segments. It is also involved in the energy delivery business and operates an array of power generating facilities and nuclear energy operations, making Exelon the largest nuclear operator in the United States.
Exelon operates in 48 states, the District of Columbia and Canada. The company provides electricity and natural gas products and services to approximately 10 million customers. It also owns six regulated utilities, including BGE, ComEd, PECO, Atlantic City Electric, Delmarva Power, and Pepco.
In addition to its primary business focused on the generation, distribution, and selling of electricity and natural gas, Exelon operates a commercial division, Exelon Generation, that sells electricity to wholesale and retail customers. This includes local governments, universities, hospitals, and other large commercial entities.
Exelon has an active involvement in the fight against climate change and leads the utilities sector in clean energy production. They have made substantial investments in low-carbon and no-carbon emission power generations and continuously incorporate sustainable and environmental-friendly practices into their operations, efforts that distinguished them as one of the “100 Most Sustainable Companies” by Barrons in 2020.
In the realm of community involvement, the Exelon Foundation, the company's philanthropic wing, is known for its significant contributions to improve the quality of life in the communities where their customers and employees live and work. Education, environment, and economic development are the core issues the foundation is committed to addressing.
Exelon is listed under the ticker symbol "EXC" on the New York Stock Exchange. Its strong financial health, commitment to innovation and sustainability, and its essential role in the U.S. power industry make it a significant player in the energy sector. Exelon Corporation’s mission to "be the leading diversified energy company - by providing reliable, clean, affordable and innovative energy products”, shows its dedication towards creating a clean and sustainable energy future.