|Bid||0.00 x 1400|
|Ask||0.00 x 1400|
|Day's Range||44.45 - 44.81|
|52 Week Range||43.02 - 51.18|
|Beta (3Y Monthly)||0.29|
|PE Ratio (TTM)||19.10|
|Earnings Date||Oct 31, 2019|
|Forward Dividend & Yield||1.45 (3.25%)|
|1y Target Est||53.03|
Interest in shares of Chicago-based Exelon Coproration (NASDAQ: EXC ), the largest U.S. nuclear power plant operator, spiked this week amid a federal probe that brought subpoenas and the sudden retirement ...
Rainy Solar Inc., the first company in northern Illinois to develop and operate a community solar project, today was awarded a rebate from ComEd for $299,840 for a project that enables residential and business customers to subscribe to a portion of the clean energy generated and earn bill credits from ComEd. ComEd began accepting applications late last year from commercial and industrial net metering customers for distributed generation rebates of $250 per kilowatt of installed solar capacity. The rebate is designed to reduce up-front installation costs and spur renewable energy development.
(Bloomberg) -- The head of Exelon Corp.’s utility unit has abruptly retired amid a federal probe involving its lobbying in Illinois.Anne Pramaggiore, senior executive vice president and chief executive officer of Exelon Utilities, is leaving “effective immediately,” the company said in a statement Tuesday. Calvin Butler Jr., chief of Exelon’s Baltimore Gas and Electric utility, was named as her interim replacement.Pramaggiore’s departure comes less than a week after Exelon disclosed in a regulatory filing that it received a subpoena from federal prosecutors asking for information related to communications with Illinois State Senator Martin Sandoval. In July, Exelon disclosed it received a subpoena related to its lobbying activities in Illinois.Exelon fell as much as 2.3% Wednesday.Pramaggiore’s sudden exit following the subpoenas “cannot be interpreted in any other way as being directly related to each other,” Greg Gordon, an analyst at Evercore ISI, said in a research note. It increases the risk that the company could be under scrutiny for criminal behavior, he said.“The situation looks unpalatable in the short term but a lot of risk looks priced in,” Gordon said.The Chicago Tribune reported earlier this month that federal agents had raided Sandoval’s office and were searching for information related to concrete and construction businesses and lobbyists and public officials. Officials were also looking for “items related to any official action taken in exchange for a benefit,” the Tribune reported, citing documents released by the Illinois Senate.Exelon’s statement on Pramaggiore’s retirement Tuesday didn’t reference the subpoenas. Nor did it give a reason for her departure.“We thank Anne for her valuable service,” Exelon CEO Chris Crane said in the statement. “We are confident this will be a smooth transition.”(Adds analyst comment in fifth paragraph.)\--With assistance from Will Wade.To contact the reporter on this story: Joe Ryan in New York at email@example.comTo contact the editors responsible for this story: Lynn Doan at firstname.lastname@example.org, Joe Ryan, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Exelon Corporation (EXC) today announced that it has appointed Calvin G. Butler Jr., CEO of Baltimore Gas and Electric Company (“BGE”), as Interim CEO of Exelon Utilities, effective immediately. This appointment follows the retirement of Anne Pramaggiore, Senior Executive Vice President and CEO of Exelon Utilities, which is also effective immediately. Mr. Butler will continue to serve as CEO of BGE.
Avista (AVA) Oregon rate case settlement will increase natural gas by $3.6 million based on 7.24% rate of return, 50% common equity ratio and 9.4% return on equity.
Is Exelon Corporation (NASDAQ:EXC) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting […]
Agera Energy said on Friday it had filed for Chapter 11 bankruptcy protection and had agreed to sell its retail assets to Constellation, a unit of Exelon Corp. The bankruptcy protection has been filed in the United States Bankruptcy Court, Southern District of New York.
Agera Energy and its affiliates have filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court, Southern District of New York and is facilitating an asset sale to Constellation, a subsidiary of Exelon Corporation (EXC), subject to bankruptcy court approval. If approved by the bankruptcy court, the majority of Agera’s existing customers will be transferred to Constellation upon completion of the sale. “Due to unforeseen circumstances impacting the viability of Agera Energy’s business and its objectives, the company’s management team has made the decision to facilitate a sale under chapter 11 to minimize disruptions to our customers,” comments Mark Linzenbold, CFO of Agera Energy.
Through its Peak Time Savings program, ComEd empowered nearly 300,000 families and individuals to lower their bills by a total of more than $4 million this summer when they voluntarily managed their energy use during six Peak Time Savings Hours. Peak Time Savings pays enrolled customers for using less electricity during peak hours – or when electricity is most in demand. “We believe energy should be affordable and accessible to all customers,” said Jane Park, ComEd’s senior vice president of customer operations.
The Exelon Foundation and Exelon Corporation (EXC), the nation’s largest generator of carbon-free energy and the only electric and gas utility in the Fortune 100, today launched a new $20 million Climate Change Investment Initiative (2c2i) to cultivate startups working on new technologies to reduce greenhouse gas emissions and mitigate climate change. The initiative marks the Exelon Foundation’s latest effort to support programs that benefit the environment and adds to Exelon Corp.’s continuing goal to create a clean, next-generation energy grid, utilizing the innovative approach of impact investing to generate a measurable, beneficial impact on climate change.
ComEd, one of the nation’s largest energy delivery companies, announced today it will partner with Xage Security, Inc. to demonstrate how blockchain technology can enhance the security and operational efficiency of electric systems as they integrate distributed energy resources (DER), such as solar, storage, energy efficiency and demand management. Blockchains use multiple servers that operate like decentralized record-keeping and verification systems. “ComEd is investigating how blockchain technology can provide operational and security benefits while enabling the customers and communities we serve to realize their sustainability and resilience goals,” said Terry Donnelly, president and COO, ComEd.
Could Exelon Corporation (NYSE:EXC) be an attractive dividend share to own for the long haul? Investors are often...
Constellation has announced an agreement with three major commercial customers to power their operations with renewable energy. At 175 megawatts, this project is the largest of its kind for Constellation, an Exelon company.
Exelon Corp. (EXC) today announced that it is transferring the listing of its shares from the New York Stock Exchange to The Nasdaq Global Select Market (“Nasdaq”). Exelon expects its common stock to begin trading on Nasdaq at market open on Sept. 25, 2019. “Nasdaq is the platform that many of the world’s leading innovators call home, and – importantly – shares our commitment to a low-carbon economy and reducing greenhouse gas emissions,” said Exelon CFO Joseph Nigro.
In recognition of its strong commitment to improving customer service, ComEd has received the gold award in Chartwell’s 2019 Best Practices Awards in the Contact Center category for its two-fold project to improve the escalated call experience with customer service representative (CSR) coaching and enhanced processes. The gold award is the highest honor a company can receive. Chartwell’s Best Practices Awards recognize excellence among electric and gas utilities for projects, programs and service initiatives.
Amanda Agati, chief investment strategist at PNC, gives Yahoo Finance insight on why investors could benefit from avoiding absolute-dividend payers and instead focus on dividend growers, such as tech and health care. Agati explains that specialty real estate investment trusts (REITs) are also worth watching because of their exposure to 5G, which she says is the "next great secular growth story."