|Bid||47.58 x 3200|
|Ask||48.50 x 1100|
|Day's Range||47.53 - 48.72|
|52 Week Range||40.97 - 51.18|
|Beta (3Y Monthly)||0.37|
|PE Ratio (TTM)||19.81|
|Forward Dividend & Yield||1.45 (2.97%)|
|1y Target Est||N/A|
More than 4,000 ComEd customers are now receiving compensation for the excess energy they generate using renewable energy sources – primarily rooftop solar panels – up from 900 customers two years ago as the transition to a cleaner future in Illinois gains momentum. “We’ve always known there is pent-up demand for solar energy among our customers, but the interest so far this year is exceeding our expectations,” said Scott Vogt, vice president, strategy and energy policy, ComEd. “We have received more than 5,200 net metering applications this year and we could double that by year-end.
To support habitats and other open-space projects throughout northern Illinois, ComEd and Openlands today announced grants to 26 public agencies through the annual ComEd Green Region Program. “Together with our partners at Openlands, we are proud to support organizations that are making meaningful differences to restore and enhance natural habitats and biodiversity,” said Melissa Washington, vice president of governmental and external affairs at ComEd. Since the inception of the Green Region Program in 2013, ComEd has awarded more than $1.3 million to municipalities across northern Illinois to help fund their open-space projects.
A new survey funded by the Exelon Foundation found that even though nearly four out of five high school girls believe action must be taken to address climate change, the majority don’t feel equipped to take on this critical issue themselves. Recognizing the need to empower girls to pursue career paths that address climate change issues, the Exelon Foundation and United Nations Women HeForShe are hosting their second annual STEM Innovation Leadership Academy.
In a first of its kind public and private sector innovation project for Chicago, the Dearborn Homes public housing development that serves more than 600 families in Chicago’s Bronzeville neighborhood, is producing clean, renewable energy from the sun with private solar panels primarily on its rooftops. This solar installation completed this month supports ComEd’s Bronzeville Community microgrid, a small power grid that can generate its own power to keep electricity flowing to customers and support critical public services when there’s an interruption on the main grid.
ComEd customers have saved a total of $4 billion on their electricity bills since the company introduced its program to help families and businesses save money and energy in 2008. “Our energy efficiency offerings help offset customer electric bills, while helping to reduce our collective environmental footprint,” said Jane Park, senior vice president of customer operations for ComEd.
Exelon’s efforts to hire, retain and promote employees from a variety of backgrounds and to create an inclusive culture have secured the company three separate honors in 2019, including 24th place on DiversityInc’s list of the Top 50 Companies. Exelon moved up eight positions in the rankings compared with 2018 as a result of continued focus on diversity and inclusion, including its work with the United Nations Women HeForShe campaign. “Diversity and inclusion are core values at Exelon, leading to greater innovation, market competitiveness and better solutions for our customers,” said Chris Crane, Exelon’s President and CEO.
Exelon Generation announced today that Three Mile Island Generating Station Unit 1 (TMI) will shut down by Sept. 30, 2019, as previously announced in May 2017. “Today is a difficult day for our employees, who were hopeful that state policymakers would support valuing carbon-free nuclear energy the same way they value other forms of clean energy in time to save TMI from a premature closure,” said Bryan Hanson, Exelon senior vice president and chief nuclear officer. Exelon Generation previously announced that the station would prematurely shut down, absent policy reform, due to economic challenges and market flaws that fail to recognize the environmental and resiliency benefits from TMI and other zero-carbon nuclear energy plants across the Commonwealth.
“As the nation’s largest producer of emissions-free energy, Exelon commends Governor Wolf’s decision to join the U.S. Climate Alliance and set ambitious carbon reduction goals for the Commonwealth.
The Board of Directors of Exelon Corporation declared a regular quarterly dividend of $0.3625 per share on Exelon’s common stock. The dividend is payable on June 10, 2019, to shareholders of record of Exelon as of 5 p.m.
ComEd’s 2018 investment of $718 million with diverse suppliers represented 39 percent of its total supply chain spend – an all-time high – as the company continued to modernize the grid and enhance service for more than 4 million customers. A report filed this week with the Illinois Commerce Commission (ICC) shows that since 2011 ComEd has injected almost $14 billion of supply chain spend into the Illinois economy, including $4 billion in Illinois diverse supply chain investments.
ComEd announced today that it successfully conducted a test proving that the Bronzeville Community Microgrid can keep power flowing in the event of an emergency. The “simulated islanding” test checked the resiliency of the microgrid by mimicking events that have the potential to affect power delivery, including major weather events or cyber security or acts of terrorism. As the realities of climate change become more apparent, projects like the Bronzeville Community Microgrid support efforts to integrate additional renewable generation, including wind and solar while enhancing resiliency for communities.
Exelon Corporation (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 2018 revenue of $36 billion. Exelon is one of the largest competitive U.S. power generators, with more than 32,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. Follow Exelon on Twitter @Exelon.
In 2018, more than 324,000 ComEd residential and business customers saved approximately $200 million on their electric bills by taking advantage of energy-saving offerings. Today, the U.S. Environmental Protection Agency and U.S. Department of Energy recognized the energy company for those achievements. For the tenth year in a row, ComEd was recognized ComEd with an ENERGY STAR® Award.
ComEd today announced “Powering People” – a series of initiatives in a broader assistance effort to help protect customers against fraud, offer more transparency around competitive energy choices and provide assistance to the most vulnerable customers. “Everyone – regardless of their background or status – should enjoy reliable, affordable and secure energy,” said Joe Dominguez, CEO of ComEd. “We are proud to launch Powering People because customers should never feel vulnerable when it comes to their energy bills.
ComEd is asking for a decrease of $6 million in the amount it charges customers for the delivery of electricity compared to the rates in effect in January of this year. If approved, the request will decrease the average total monthly residential bill by 38 cents, bringing the average monthly residential bill down to about $83, which would be lower than ComEd residential customer bills in 2008. The filing made today with the Illinois Commerce Commission (ICC) is the fourth decrease in nine rate requests since the Energy Infrastructure Modernization Act (EIMA) or “Smart Grid Law” was enacted in 2011.
Investorideas.com, a global investor news source covering Artificial Intelligence issues a special edition of The AI Eye, looking at how AI will play a significant role in clean energy and energy efficiency. As clean and efficient energy becomes increasingly important to consumers from ongoing environmental concerns, and in the interest of affordability, more and more companies look to employ AI and machine learning technology to keep abreast with demand.
Pepco Holdings and its more than 4,600 employees are celebrating three years as part of Exelon, the nation’s leading clean power provider. Pepco Holdings, which includes Atlantic City Electric in New Jersey, Delmarva Power in Delaware and Maryland and Pepco in the District of Columbia and Maryland, has seen significant advancements in grid modernization, service reliability, efficiency, community giving and economic impact in the areas it serves since joining Exelon.
In a winter that has seemed to last forever, ComEd’s smart grid improvements have ensured that fewer people felt Mother Nature’s effects. This winter has been especially challenging, with prolonged periods of subzero temperatures and more ice storms than in recent years. During the polar vortex, the Chicago area experienced 52 straight hours of subzero temperatures, the fourth-longest stretch on record, and several daily records for cold temperatures.
Exelon today joined environmental organizations, community leaders, business groups and lawmakers in supporting legislation that will preserve and expand clean energy in Illinois, put the state on track to achieve 100 percent carbon-free power for customers in northern Illinois and meet statewide commitments under the U.S. Climate Alliance. The legislation also guarantees that customers will save money on their energy bills starting in the first year of implementation.
Maggie FitzPatrick, Chief Corporate Affairs Officer for Exelon Corporation (EXC), today was named to the 2019 PR Week Hall of Femme, an annual award honoring stand-out women leaders in the communications industry. FitzPatrick joins a remarkable list of 13 women executives recognized for elevating the profession of public relations and serving as trailblazers in their respective industries. Over the course of her career, Maggie has risen to the highest levels of her profession, providing trusted corporate affairs and marketing counsel to top Fortune 100 companies undergoing growth and high-impact transformations.
NEW YORK, March 06, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
To help residential customers see the real impact of ComEd’s electric grid investments on their electric service, the company is providing them with their own personalized reliability reports. Customers will be able to compare this information with the previous year, as well as the percentage of time power was available for their municipality and for all customers across the communities ComEd serves. In 2011, ComEd embarked on a multiyear, $2.6 billion effort to upgrade the electric grid.