Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.
Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses. In 2022 the company separated its competitive power generation business into a standalone entity, Constellation Energy, leaving Exelon concentrated on regulated transmission, distribution and customer-facing utility operations. Exelon’s utilities provide metering, billing, outage restoration, energy efficiency programs and other customer services, and have been active in upgrading grid technologies and integrating cleaner energy sources at the distribution level.
Exelon serves customers across the Midwest and Mid-Atlantic United States, including significant utility operations in states such as Illinois, Pennsylvania and Maryland, among others, and operates within a regulatory framework at the state and local levels. The company works with regulators and policymakers on rate cases, grid investment plans and resilience initiatives, and pursues programs intended to support reliability, decarbonization and electrification goals in the regions it serves.