Commonwealth Edison

Moody’s Upgrades Constellation’s Credit Rating as Policy Support and Growing Demand for Clean Energy Fuel Strong Financial Performance

Retrieved on: 
Wednesday, April 3, 2024
Other Energy, Utilities, Environment, Finance, Alternative Energy, Energy, Professional Services, Nuclear, Constellation, Electricity, Microsoft, Longevity, S&P Global Ratings, Climate, Transport, Wind, S&P, Exelon, Organic, Inflation, Commonwealth Edison, Renewable energy

Moody’s raised Constellation’s rating to Baa1 from Baa2 and assigned a stable outlook, which reflects confidence in the company’s ability to maintain its credit metrics and financial performance going forward.

Key Points: 
  • Moody’s raised Constellation’s rating to Baa1 from Baa2 and assigned a stable outlook, which reflects confidence in the company’s ability to maintain its credit metrics and financial performance going forward.
  • The largest producer of carbon-free energy in the U.S., Constellation has exceeded financial expectations since launching as an independent company two years ago.
  • As a result, major technology companies and other industries are looking to Constellation to help power their operations with clean energy.
  • The company’s financial performance also has enabled it to increase its support for the communities it serves.

ComEd, HIRE360 Accepting New Applications for Take Charge EV Pre-Apprenticeship Program

Retrieved on: 
Monday, March 25, 2024
Professional Services, Automotive, Other Construction & Property, General Automotive, Other Energy, Commercial Building & Real Estate, Alternative Vehicles, Fuels, Utilities, Construction & Property, Alternative Energy, Energy, Other Education, Continuing, Training, Education, EV, Electric Vehicles, Human Resources, IBEW, Health, Construction, EVS, Partnership, CEJA, SVP, Transport, Take Charge, Woman, Investment, STEM, CPR, GED, Commonwealth Edison, Renewable energy

ComEd and HIRE360, a nonprofit that connects underserved minority businesses and communities to jobs in the building trades across the region, today announced the return of Take Charge: EV Charging Pre-Apprenticeship program.

Key Points: 
  • ComEd and HIRE360, a nonprofit that connects underserved minority businesses and communities to jobs in the building trades across the region, today announced the return of Take Charge: EV Charging Pre-Apprenticeship program.
  • Piloted last year, the program was designed to prepare area residents with the skills training for construction trades roles supporting the growing electric vehicle (EV) industry in Illinois.
  • Applications are being accepted now through March 29 at HIRE360Chicago.com/ComEd .
  • This program is one example of the career training programs ComEd offers in partnership with community-based organizations.

ComEd Joins Village of University Park, Will County Department of Health, Crete-Monee School District 201U & Other Community Organizations to Bring Support Services Directly to Families in Need

Retrieved on: 
Wednesday, March 20, 2024
Other Energy, Utilities, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, EXC, Electricity, Education, Community health, Senior, Village, Exelon, Commonwealth, Commonwealth Edison

To help individuals and families gain access to critical support services, including utility bill assistance, ComEd today joined a community resource fair organized by the Village of University Park, the Will County Department of Health, Crete-Monee School District 201U and other community organizations to bring much-needed services directly to those who need it most.

Key Points: 
  • To help individuals and families gain access to critical support services, including utility bill assistance, ComEd today joined a community resource fair organized by the Village of University Park, the Will County Department of Health, Crete-Monee School District 201U and other community organizations to bring much-needed services directly to those who need it most.
  • ComEd’s appearance at the Community Health, Education, Jobs & Trades Resource Fair marks the first in a series of community events ComEd will attend in 2024.
  • “ComEd is proud to work with local organizations across the village of University Park to help bring resources directly to families and individuals,” said Melissa Washington , ComEd's Chief Customer Officer and Senior Vice President of Customer Operations.
  • ComEd’s participation in community resource fairs is the latest in an ongoing effort to expand the range of support options available to customers, particularly income-eligible families and individuals.

ComEd Refiles Multi-Year Grid Plan to Advance Region’s Economic, Climate and Equity Goals

Retrieved on: 
Thursday, March 14, 2024
Utilities, Environment, Sustainability, Alternative Energy, Green Technology, Energy, Climate Change, EXC, Electricity, ICC, Partnership, CEJA, Climate, Commission, PA Consulting Group, Illinois Commerce Commission, Exelon, Commonwealth, Commonwealth Edison, Renewable energy

In December of 2023, the ICC rejected ComEd’s original multi-year grid plan, requiring ComEd to file a revised grid plan in 90 days, and asking the company for a plan that includes additional focus on affordability, cost effectiveness and benefits to equity investment eligible communities (EIECs).

Key Points: 
  • In December of 2023, the ICC rejected ComEd’s original multi-year grid plan, requiring ComEd to file a revised grid plan in 90 days, and asking the company for a plan that includes additional focus on affordability, cost effectiveness and benefits to equity investment eligible communities (EIECs).
  • “We heard the Commissioners’ concerns and have worked diligently these past three months to create a plan that is responsive to their feedback while positioning ComEd to help the state achieve its clean energy and equity goals,” said Gil Quiniones, ComEd President and CEO .
  • As electricity plays a larger role in the daily lives of customers and communities, the need to preserve ComEd’s nation-leading reliability is critical.
  • For the second year in a row, it was recognized by PA Consulting, which named ComEd the most reliable utility in the U.S in 2023.

ComEd Proposes Discount Program to Reduce Energy Burden for Income-Eligible Customers

Retrieved on: 
Tuesday, March 12, 2024
Philanthropy, Other Energy, Utilities, Oil, Gas, Other Philanthropy, Energy, EXC, Electricity, PIPP, SARP, ICC, Percentage, FPL, Laas, LIHEAP, Commission, Illinois Commerce Commission, Government, LID, Exelon, Commonwealth, Commonwealth Edison

ComEd yesterday presented a proposal to the Illinois Commerce Commission (ICC) outlining a new Low-Income Discount (LID) program to help income-eligible customers manage their energy bills.

Key Points: 
  • ComEd yesterday presented a proposal to the Illinois Commerce Commission (ICC) outlining a new Low-Income Discount (LID) program to help income-eligible customers manage their energy bills.
  • The proposed program would enable qualifying customers to receive a percentage-based discount on their monthly electric bill determined by income level.
  • “ComEd’s newly proposed low-income discount program builds upon our longstanding commitment to keep bills affordable for all customers,” said Gil Quiniones , President and CEO, ComEd.
  • The program will also promote opportunities for low-income households to participate in the ComEd Energy Efficiency Program, which helps customers manage energy use to save money on future energy bills.

Constellation Ranks 9th on Barron’s List of the 100 Most Sustainable U.S. Companies

Retrieved on: 
Thursday, March 7, 2024
Environment, Utilities, Sustainability, Alternative Energy, Energy, Nuclear, Constellation, Commonwealth Edison, Atmosphere, Education, Disability, STEM, CFE, Carbon, Society, Organic, Erg, Organization, National Society, Electricity, ERG, CEG, Microsoft, Woman, Student, Renewable energy

Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, ranked ninth in Barron’s seventh annual “ 100 Most Sustainable Companies ” list, which measures the largest 1,000 publicly traded U.S. companies using 230 environmental, social and governance criteria ranging from workplace diversity to greenhouse-gas emissions.

Key Points: 
  • Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, ranked ninth in Barron’s seventh annual “ 100 Most Sustainable Companies ” list, which measures the largest 1,000 publicly traded U.S. companies using 230 environmental, social and governance criteria ranging from workplace diversity to greenhouse-gas emissions.
  • Constellation, making its debut on the list this year, achieved the highest score of any energy company.
  • Barron’s worked with Calvert Research and Management, a leader in responsible investing, to compile the rankings.
  • Constellation delivered significant community impact on 2023, contributing $18.7 million in combined philanthropic giving in support of more than 4,400 charities nationwide.

ComEd Earns National Recognition for Outstanding Outage Management in 2023

Retrieved on: 
Tuesday, March 5, 2024
Utilities, Energy, Aircraft, Commonwealth Edison, Tornado, Chicago Fire Department, EEI, Weather, UAS, Gold, Climate change, Attention, EXC, Exelon, Communication, Electricity, Commonwealth, Emergency management, PA Consulting Group, Face, Renewable energy

Following the honor of being named the nation’s most reliable utility in 2023 , ComEd today announced that it has been recognized by Chartwell , a utility-focused research organization, with three awards for its outstanding outage management in 2023.

Key Points: 
  • Following the honor of being named the nation’s most reliable utility in 2023 , ComEd today announced that it has been recognized by Chartwell , a utility-focused research organization, with three awards for its outstanding outage management in 2023.
  • The Chartwell Outage Best Practices Awards recognize excellence among electric and gas utilities in the areas of Outage Operations and Outage Communications.
  • ComEd also received the Bronze Outage Operations Award for is Area Restoration Management teams, a new approach to managing restoration efforts in hard-hit regions.
  • Earlier this year, ComEd received two awards for exceptional response efforts in 2023 from EEI and also received the 2023 Reliability One® Outstanding System Reliability Award , presented to ComEd by PA Consulting in November of 2023.

ComEd’s Innovative Efforts to Support Low-Income Customers Receive North American Industry Award

Retrieved on: 
Tuesday, February 27, 2024
Other Consumer, Environment, Other Energy, Utilities, Sustainability, Energy, Other Education, Consumer, Education, Commonwealth Edison, Senior, Smart Energy, Small business, Renewable energy

As a result, the fairs helped connect over 3,000 customers to support programs, including more than a thousand to bill assistance and energy-management programs.

Key Points: 
  • As a result, the fairs helped connect over 3,000 customers to support programs, including more than a thousand to bill assistance and energy-management programs.
  • Based on the success of last year’s fairs, ComEd plans to again partner with community organizations to support resource fairs throughout 2024.
  • The awards highlight programs, technologies and strategies that have proven to deliver significant benefits for residential and/or small business utility customers.
  • In addition, the six winners, including ComEd, will be featured throughout the year in webinars, case studies and other content at SmartEnergyCC.org .

Exelon Reports Fourth Quarter and Full Year 2023 Results and Initiates 2024 Financial Outlook

Retrieved on: 
Wednesday, February 21, 2024
Utilities, Energy, Constellation, Commonwealth Edison, Generation, Weather, Maryland Public Service Commission, Natural gas, PECO, Growth, ACE, Table, PHI, BSC, Treasury, Carbon, Infrastructure, Series, BGE, GAAP, Gas, MRP, DPL, ICC, Electricity, Corporation, Illinois Commerce Commission, CMC, Bank

Exelon Corporation (Nasdaq: EXC) today reported its financial results for the fourth quarter and full year 2023.

Key Points: 
  • Exelon Corporation (Nasdaq: EXC) today reported its financial results for the fourth quarter and full year 2023.
  • Adjusted (non-GAAP) Operating Earnings for the fourth quarter of 2023 increased to $0.60 per share from $0.43 per share in the fourth quarter of 2022.
  • ComEd's fourth quarter of 2023 GAAP Net Income increased to $268 million from $211 million in the fourth quarter of 2022.
  • PHI’s fourth quarter of 2023 GAAP Net Income increased to $101 million from $90 million in the fourth quarter of 2022.

2024 CHICAGO AUTO SHOW CONTINUED STRONG PRESENCE FOR 116TH EDITION

Retrieved on: 
Thursday, February 22, 2024
EVS, Toyota, Commonwealth Edison, Ford Explorer, EV, Social media, Lucid, McCormick Place, NASCAR, Equinox, Buick Envision, GMC, Escalade, Wintrust Financial, Traverse, Ford Mustang, Chicago Auto Show, BMW, Shell, Ford, Land cruiser, Kia Carnival, UAW, Volkswagen ID. Buzz, Volkswagen, AT&T, Cars.com, Exploration, K5, SUV, Research, Kia, Hyundai, Student

CHICAGO, Feb. 22, 2024 /PRNewswire/ -- The 2024 Chicago Auto Show came to a successful close on Monday, Feb. 19, after a 10-day run at McCormick Place.

Key Points: 
  • CHICAGO, Feb. 22, 2024 /PRNewswire/ -- The 2024 Chicago Auto Show came to a successful close on Monday, Feb. 19, after a 10-day run at McCormick Place.
  • The 116th edition of the show welcomed nearly 260,000 guests to experience the latest cars, trucks and SUVs, automotive technology and electric vehicles.
  • Lucid and Tesla both made a first-time Chicago Auto Show debut and Mazda returned, courtesy of Napleton Auto Group.
  • "We're hopeful this was a one-year decision, and that Stellantis brands will return to the 2025 Chicago Auto Show," said 2024 Chicago Auto Show Chairman JC Phelan.