Exelon Corporation EXC

EXC Company Overview

Exelon Corporation is a U.S.-based energy company primarily engaged in regulated electric and natural gas utility operations. Following the 2022 separation of its former power generation business, Constellation Energy, Exelon operates as a pure-play regulated utility holding company serving millions of customers across major metropolitan regions in the United States. The company operates in the electric distribution, electric transmission, and natural gas distribution industries through a portfolio of regulated utilities. Exelon’s principal revenue drivers are utility rate-regulated delivery services for electricity and natural gas, with earnings influenced by authorized returns on infrastructure investments and grid modernization programs.

Exelon’s core operating utilities include Commonwealth Edison (ComEd) in Illinois, PECO Energy Company (PECO) in Pennsylvania, Baltimore Gas and Electric (BGE) in Maryland, Pepco, Delmarva Power & Light, and Atlantic City Electric under Exelon Utilities. The company serves residential, commercial, industrial, and governmental customers across densely populated and economically significant regions. Exelon traces its origins to utility companies founded in the late nineteenth and early twentieth centuries, while the current corporation was formed in 2000 through the merger of PECO Energy and Unicom Corporation. The company evolved through multiple utility acquisitions, including the 2012 acquisition of Constellation Energy Group, before separating its competitive generation business into an independent publicly traded company in 2022.