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Overview
Exelon is a public utility holding company that owns six regulated electric and gas utilities on the East Coast and in the Mid-Atlantic: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO, and Pepco. Its main work is delivering electricity and natural gas to about 11 million customers through these regulated utilities, and it earns revenue from state-approved rates for transmission and distribution rather than from energy commodity prices. The company supports grid modernization and infrastructure upgrades with substantial capital investments; its business model emphasizes reliable service, regulatory compliance, and predictable earnings tied to regulated rates. Exelon’s goal is to provide safe, dependable energy delivery and improve the electric grid, while growing through prudent investments within its regulated footprint.
About Exelon
Industries
Energy
Company Size
10,001+
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
2000
Simplify's Take
What believers are saying
- $41.7 billion capital plan supports 7.9% rate-base growth through 2029.
- TSA framework monetizes large-load interconnections while limiting stranded transmission costs.
- Finance modernization with Oracle and PowerPlan should improve asset and tax workflows.
What critics are saying
- PECO's Pennsylvania rate retreat signals hostile regulators and affordability pushback in 2026.
- IBEW Local 614 bargaining disputes threaten PECO operations and raise labor costs.
- FERC rejection of TSAs would weaken Exelon's data-center load strategy.
What makes Exelon unique
- Pure-play regulated utility after Constellation's February 2022 spin-off.
- Six utilities serve nearly 11 million customers across Mid-Atlantic markets.
- Nearly ten Transmission Security Agreements protect customers from data-center cost shifts.
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Funding
Total Funding
$1.7B
Above
Industry Average
Funded Over
2 Rounds
Stock Price
Company News
FirstEnergy names Jennifer Lawless to lead learning and development, supporting ongoing cultural transformation. PR Newswire Today at 9:35am PDT AKRON, Ohio, April 9, 2026 /PRNewswire/ - FirstEnergy Corp. (NYSE: FE) has named Jennifer Lawless Vice President, Enterprise Learning as it advances its culture of continuous performance improvement that supports employee growth, reliable service for customers and the company's long-term success. In this role, Lawless will lead implementation of FirstEnergy's enterprise learning and development strategy to build an agile and engaged workforce. She is responsible for advancing leadership capabilities, modernizing learning technologies and championing a culture rooted in accountability, safety and innovation. Lawless reports to Senior Vice President and Chief Human Resources Officer Karen McClendon. Previously, Lawless was Training Director at Exelon Utilities, where she set the strategic direction for training, upgraded the learning management system serving more than 42,000 employees and contractors, established a centralized training organization, implemented the systematic approach to training (ADDIE model) and developed leadership programs for all levels, including field leaders, supervisors, managers, directors and executives. She also held senior leadership roles in workforce development, change management, instructor certification programs and leadership development at Exelon Utilities and Exelon Nuclear Generation, advancing safety, performance and modern learning practices. Karen McClendon, Chief Human Resources Officer, FirstEnergy: "Jennifer brings extensive experience leading transformational learning and development initiatives in large, matrixed utility organizations. Her ability to translate business strategy into meaningful learning experiences will help ensure our employees are equipped to grow, adapt and succeed as we continue to strengthen FirstEnergy's performance and culture." Lawless holds a Master of Science in Education and a Bachelor of Science in Sociology and Secondary Social Studies Education from the State University of New York at Cortland. She also maintains several professional certifications in learning and leadership development, including Certified Performance & Learning Professional (ATD), Workplace DiSC and MBTI. A professional photo of Lawless is available for download on Flickr. FirstEnergy Corp. is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than 6 million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at firstenergycorp.com and on X @FirstEnergyCorp. SOURCE FirstEnergy Corp. This is a paid placement. For further inquiries, please contact PR Newswire directly.
Exelon's Finance Transformation success with PowerPlan to be showcased at Oracle Customer Edge Summit. Utility's journey demonstrates enterprise-wide results across operations, accounting, tax, and regulatory functions. April 07, 2026 09:28 ET | Source: PowerPlan Inc. ATLANTA, April 07, 2026 (GLOBE NEWSWIRE) - PowerPlan, a leading provider of financial software solutions for asset-intensive industries, today announced it will present alongside Exelon, Oracle, and Deloitte at the upcoming Oracle Customer Edge Summit. The joint session will highlight how strategic collaboration delivered measurable business results for one of North America's largest utilities. "This session exemplifies what's possible when utilities combine Oracle's comprehensive platform with PowerPlan's deep domain expertise." "Our team is honored to present alongside Exelon and share their transformation story," "This session exemplifies what's possible when utilities combine Oracle's comprehensive platform with PowerPlan's deep domain expertise." "Our team is honored to present alongside Exelon and share their transformation story," "This session exemplifies what's possible when utilities combine Oracle's comprehensive platform with PowerPlan's deep domain expertise." The speaking session, "Driving Utility Transformation Through Strategic Collaboration: Oracle and PowerPlan Delivering Success Across North America," takes place Monday, April 13 at 1:00 PM. Brandy Boone, Sr. Manager at Exelon, and Jennifer Hale, Financial Systems Manager at Exelon, will share how the company's Finance Transformation journey leveraged Oracle SaaS solutions and PowerPlan to address critical business needs across the entire enterprise. Exelon has been a PowerPlan client for more than 28 years and uses the company's complete asset accounting solution suite. As part of their cloud transformation, Exelon also recently went live on the Tax Fixed Assets (TFA) solution for tax depreciation and deferred tax processes, which is delivered on the next-generation PowerPlan NXT platform. The session demonstrates proven results from combining Oracle Fusion Cloud ERP with PowerPlan's specialized utility accounting capabilities. "Our team is honored to present alongside Exelon and share their transformation story," said Raphael Shure, CEO of PowerPlan. "This session exemplifies what's possible when utilities combine Oracle's comprehensive platform with PowerPlan's deep domain expertise." The session will feature insights from multiple perspectives. Gregory Ingraffia, Technology Fellow at Deloitte Consulting, LLP, will discuss collaboration approaches that drive business results. James Major, Director of Industry Strategy & Advisory at PowerPlan, will share utility-specific best practices. Keith Rash, Business Lead at Oracle, will highlight platform capabilities that enabled Exelon's success. PowerPlan's participation at Oracle Customer Edge Summit reinforces the company's commitment to utility innovation and thought leadership. PowerPlan also recently joined Oracle's enhanced partner program, further strengthening the companies' strategic partnership. This collaboration enables utilities to unlock greater value from Oracle Fusion Cloud ERP through PowerPlan's pre-configured workflows for utility asset accounting and regulatory compliance. Together, the solutions accelerate deployment and reduce the complexity typically associated with utility ERP implementations. About PowerPlan For more than 30 years, PowerPlan has helped asset-intensive companies, from utilities and energy to telecommunications and rail, understand, unlock, and realize the full financial power of their assets. Through our industry-leading expertise, AI-powered technology, and vast experience listening to and working in tandem with our clients, PowerPlan software sets the standard that CFOs can count on for financial clarity. PowerPlan operates as an independent subsidiary of Roper Technologies (Nasdaq: ROP) a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. For more information, visit www.powerplan.com. Contact Information Connie Phillips, Sr. Manager, Marketing Communications 678-223-2800 [email protected]
Trump plans $17 billion gas hub in Southwestern Pa. A $17 billion natural gas-powered generation hub is planned for Southwestern Pennsylvania, according to the U.S. Department of Commerce. Why it matters: The "South Mon Project" would be among the nation's largest gas facilities, designed to meet rising power demand from data centers and lower energy costs by tapping into Southwestern Pennsylvania's vast natural gas reserves. State of play: The facility, operated by Florida-based NextEra Energy Resources, would produce up to 4.3 gigawatts of power (enough to power roughly 3 million homes), connect to existing pipelines and supply power to the PJM grid, which serves a dozen states plus Pennsylvania and is facing significant energy shortfalls. * It's one of three projects announced nationwide this week tied to President Trump's $550 billion trade deal with Japan. * It would be owned jointly by Japan and the U.S. under the structure of the trade agreement, but would be built and operated by NextEra, according to the company. * NextEra previously owned the Marcus Hook Industrial Complex in Delaware County, which it sold a decade ago. What they're saying: "Our hub strategy is designed to scale quickly and support rising demand while strengthening America's energy security without increasing electricity costs for American households," said NextEra CEO John Ketchum. * "The new generation hub in Southwest Pennsylvania secured by the President will expand domestic power generation, create good-paying jobs, and lower energy costs for families across the Commonwealth," said White House Spokesperson Liz Huston in a statement. * "Not only will it provide much-needed power generation to the grid, but it will help deliver energy cost savings for the American consumer, support jobs and the regional economy, and strengthen U.S. energy security," said Jim Welty, Marcellus Shale Coalition president. Yes, but: Key details remain unclear, including the project site, scope and timeline. The company and the White House did not offer further information on Friday. * It's also uncertain how the project will navigate equipment supply chain constraints, lengthy permitting processes and other regulatory hurdles that can delay projects for years - even as the Trump administration pushes to cut red tape. The other side: David Masur, director of environmentalist group PennEnvironment, told Axios Pittsburgh on Friday the priority should be clearing PJM's backlog of renewable projects and boosting energy efficiency to cut costs. * "It won't deliver for ratepayers who are suffering from high energy prices today because it will take years - if not decades - to build such a project," he said. "Continuing to promote 19th century forms of energy in the 21st century doesn't make sense for our environment, our health or our pocketbooks." Flashback: The White House last month promised a $33 billion, 9.2-gigawatt gas plant in Southern Ohio - one of the world's largest - linked to the U.S.-Japan trade deal. Zoom out: NextEra and Exelon Corp. have also partnered to propose a $1.7 billion high-voltage transmission "superhighway" across Southwestern and Central Pa. Between the lines: Natural gas is emerging as a clear winner in the data center race; one report released in February by Cleanview found it accounted for 75% of the power equipment planned at future sites. What's next: NextEra says it's working to solidify its plans while "coordinating closely with federal, state and local stakeholders."
Exelon's Transmission Security Agreements: A pioneering model for customer protection. Industry. As energy costs rise, Exelon is pioneering innovative protections designed to get electric costs under control for families and small businesses. America needs more transmission to power growth, from large data centers to electrification, but the demand from that growth should not unfairly shift costs to residential and small business customers. That's why Exelon is deploying new Transmission Security Agreements to insulate smaller customers from the costs of bringing big energy users, such as data centers, online. The Big Picture A Transmission Security Agreement (TSA) is a customer protection that requires large new power users like data centers to make firm financial commitments for the transmission service that the grid must be ready to provide. At the same time, TSAs allow local energy companies to step up and deliver the infrastructure needed to power innovation and economic growth while continuing to support reliability for all customers. Where Things Stand Exelon now has nearly 10 TSAs in place across its local energy companies - with more being reviewed by the Federal Energy Regulatory Commission - making this approach one of the most advanced and nuanced customer protection tools in the industry. How Transmission Security Agreements Work * Places an emphasis on the grid Exelon Corporation share The grid is a shared network, and the TSA is about ensuring large new customers pay appropriately for using that shared system, both now and as Exelon Corporation continue to invest in it. * Puts financial responsibility in the right place TSAs ensure that companies are responsible and can pay their fair share. * Keeps reliable growth in focus They support reliable growth while helping ensure larger customers are discouraged from speculative, "phantom load" requests. Why It's Different By using TSAs, Exelon is flipping the script by getting large load customers like data centers to have "skin in the game." TSAs can serve as a model that puts an emphasis on accountability, transparency and a way to keep bills as low as possible. Ultimately, they can help ensure that only serious, committed projects move forward while reducing expensive projects that could shift costs onto families and small businesses. What's Next Exelon plans to continue using TSAs as a key tool as energy demand increases, especially from large new loads like data centers. Exelon Corporation'll keep working with regulators to refine innovative solutions that protect customers while strengthening the grid. To learn more about how Exelon is advocating and supporting customers, visit the Exelon Promise page here. What's Next. Powering Affordable, Reliable Energy Customers Can Count On When it comes to energy, customers expect two things above all else: reliability and affordability... Setting a National Standard: How Exelon is Protecting Customers and P... As the demand for electricity continues to go higher - driven by data centers, AI workloads, and ot...
Law firm Winston & Strawn represented BNP Paribas, Morgan Stanley and Wells Fargo Securities in their roles as joint book-running managers in connection
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About Exelon
Industries
Energy
Company Size
10,001+
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
2000
There are no jobs for Exelon right now.
Find jobs on Simplify and start your career today