Exelon Corporation
Categories
#514
Rank
$40.8B
Marketcap
United States
Country
Amy Best (Senior Vice President & Chief Human Resources Officer)
Andre Wallace (Vice President, Office of The CIO)
Energy and Utilities
Summary
Exelon Corporation is a utility services holding company that provides services for energy generation businesses in the United States.Exelon Corporation is an American energy producer, trader, and distributor. The company provides services for energy generation businesses in the United States.The company owns, contracts, and invests in electric generating facilities such as nuclear, fossil, and hydroelectric generation facilities, as well as wind and solar facilities. It isalso involved in the wholesale and retail customer supply of electric and natural gas products and services including renewable energy products, risk management services, natural gas exploration, and production activities.
In addition, the company is engaged in the purchase and regulated retail sale of electricity and the provision of distribution and transmission services in northern Illinois, southeastern Pennsylvania, and central Maryland. It is also involved in the purchase and regulated retail sale of natural gases and the provision of distribution services in the Pennsylvania counties surrounding the City of Philadelphia, as well as in central Maryland including the City of Baltimore.Exelon Corporation operates through nine segments: Mid-Atlantic, Midwest, New England, New York, ERCOT, other regions, ComEd, PECO, and BGE. It sells electricity, natural gases, and other related products and solutions to various customers including distribution utilities, municipalities, and cooperatives, as well as to commercial, industrial, governmental, and residential customers.Founded in 1887, Exelon Corporation is headquartered in Chicago, Illinois.
History
2000: In late 2000, PECO Energy Company and Unicom Corporation merged together to form one of the largest energy companies in the nation known as Exelon Corporation.
2005: On June 30, 2005, the Federal Energy Regulatory Commission approved the merger of Exelon and Public Service Enterprise Group Inc., a New Jersey utility.
2008: In 2008, Christopher Crane was named CEO following Rowe's retirement and the completion of the merger with Constellation Energy.
2014: Exelon announced the proposed purchase of Pepco Holdings, Inc on April 30, 2014, for $6.8 billion in an all-cash transaction.
2015: The merger was rejected by the District of Columbia Public Service Commission in August 2015, though it was approved by other federal and state regulators. 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.
2016: On March 23, 2016, the merger was approved by the Washington DC Public Service Commission, under a revised set of terms.
Mission
According to Exelon Corporation, the company mission is: “the leading diversified energy company - by providing reliable, clean, affordable and innovative energy products".
Vision
According to Exelon Corporation, the company vision is: "to believe that reliable, clean, and affordable energy is essential to a brighter, more sustainable future. That's Exelon is committed to providing innovation, best-in-class performance and thought leadership to help drive progress for customers and communities".
Key Team
Angie Karesh (Chief of Staff For Corporate Operations)
Anthony Anderson (Board Member)
Ashley Marie Penna (she, her) (Chief of Staff - Govt & External Affairs)
Brett Nauman (Communications Manager)
Brian Hurst (VP & Chief Analytics Officer)
Bryan Hanson (President/Chief Nuclear Officer)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Exelon
https://www.zippia.com/exelon-careers-4138/
https://www.crunchbase.com/organization/exelon-corporation
https://www.companieshistory.com/exelon/
https://sec.report/CIK/0001109357
https://companiesmarketcap.com/largest-companies-by-revenue/
https://finance.yahoo.com/quote/EXC/profile/
https://www.globaldata.com/company-profile/exelon-corp/
https://www.reuters.com/markets/companies/EXC.N/
https://www.ibisworld.com/us/company/exelon-corporation/347844/
Amy Best (Senior Vice President & Chief Human Resources Officer)
Andre Wallace (Vice President, Office of The CIO)
Energy and Utilities