Exelon
Exelon Corporation is a Fortune 200 regulated utility holding company operating six transmission and distribution subsidiaries that deliver electricity and natural gas to approximately 10.7 million customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and Washington D.C., with a $41.7 billion four-year capital plan targeting 7.9% rate base growth and a pioneering TSA model for data center load.
- Company typePublic
- Founded2000
- HeadquartersChicago, United States
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
What Exelon does
Exelon Corporation is a Fortune 200 publicly traded utility holding company (NASDAQ: EXC) operating six wholly owned, fully regulated transmission and distribution subsidiaries — Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco — that collectively deliver electricity (and natural gas at PECO, BGE, and Delmarva) to approximately 10.7 million customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and Washington D.C. Following the 2022 spinoff of its competitive generation business into Constellation Energy, Exelon became a pure-play regulated T&D operator headquartered in Chicago with 20,000+ employees, $50.2 billion of total debt, and 56 consecutive years of dividend payments.
Exelon's revenue model is anchored in regulated rate-base growth: it earns returns approved by state public utility commissions across its six jurisdictions, supported by a $41.7 billion four-year capital plan (2026-2029) targeting 7.9% rate base growth and 16% expected annual transmission rate base growth through 2029. The company pioneered Transmission Security Agreements (TSAs) — FERC-approved contracts with hyperscale data center developers including Equinix, QTS, PowerHouse Hillwood, Grundy County Power, and Karis Critical — that include committed revenue contributions, shortfall payments, and termination fees to protect existing ratepayers from data center infrastructure costs. The company pursues $350 million in incremental O&M savings by 2027 and operates technology platforms including Oracle Fusion Cloud ERP, Opower customer engagement, and PowerPlan asset accounting (a 28-year relationship).
Exelon's technology stack includes grid-edge and operational AI deployments: OptoAI (an autonomous drone inspection solution at BGE built with Deloitte on NVIDIA Jetson edge AI and Omniverse, reducing per-asset inspection time from approximately one hour to ~30 seconds) and Gas GPT (an internal NLP chatbot handling ~400 employee queries monthly). Affordability and customer-facing products include The Exelon Promise, a $60 million Customer Relief Fund, a Low-Income Discount program (5-80% tiered discounts, 240,000 enrolled), ComEd's Delivery Time-of-Day pricing rates (launched January 1, 2026), a $70 million ComEd EV Rebate Program, and an award-winning Energy Efficiency Program that has generated $13 billion in cumulative customer bill savings since 2008. Q1 2026 revenue was $7.242 billion with $919 million in net income.
Exelon firmographics
Firmographics- Name
- Exelon
- Legal name
- Exelon Corporation
- Website
- https://exeloncorp.com
- Company type
- Public
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Exelon Corporation is a Fortune 200 regulated utility holding company operating six transmission and distribution subsidiaries that deliver electricity and natural gas to approximately 10.7 million customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and Washington D.C., with a $41.7 billion four-year capital plan targeting 7.9% rate base growth and a pioneering TSA model for data center load.
- Ownership category
- akta.pro rank
Exelon industry classification
Industry- Product category
- Regulated Electric and Natural Gas Utility Services
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112)
- akta.pro primary industry
- Underground Distribution (Cable, Duct Bank & Vault) EPC (EUAEACAB)
Keywords
Where Exelon is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Exelon business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Electricity Transmission and Distribution: Exelon generates revenue through regulated electricity transmission and distribution operations across its six utility subsidiaries (ComEd, PECO, BGE, PHI, Atlantic City Electric, Pepco). Revenue is driven by rate-base growth, approved distribution and transmission rates, and capital investment recovery through regulatory mechanisms.
- Natural Gas Distribution: PECO and BGE provide retail natural gas distribution services, generating revenue through regulated rates that recover infrastructure investments and operational costs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Low-Income Discount Program - tiered discounts based on income level |
| Usage-based | Monthly | Delivery Time-of-Day Pricing Rates |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels5 records
Exelon product offering
Product offeringCore offering
Exelon Corporation is a Fortune 200 regulated utility holding company that delivers electricity transmission and distribution and natural gas distribution services to approximately 10.7 million customers through six fully regulated utility subsidiaries (Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco) operating in the Mid-Atlantic and Midwest regions of the United States. Revenue is earned through state public utility commission-approved rates that recover infrastructure investments and operating costs under a $41.7 billion four-year capital plan (2026-2029).
Product overview
Exelon is a Fortune 200 utility holding company operating six fully regulated transmission and distribution utility subsidiaries — Atlantic City Electric, BGE (Baltimore Gas and Electric), ComEd (Commonwealth Edison), Delmarva Power, PECO Energy, and Pepco (Potomac Electric Power Company) — collectively serving approximately 10.7 million customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey, and Washington D.C. Exelon's product portfolio centers on regulated electricity and natural gas delivery, supported by grid infrastructure modernization under a $41.7 billion four-year capital investment plan (2026–2029). The company differentiates through customer protection mechanisms (Transmission Security Agreements that shield existing ratepayers from data center infrastructure costs), technology-enabled operations (OptoAI drone inspection at BGE, Gas GPT chatbot), and affordability programs (The Exelon Promise encompassing the $60M Customer Relief Fund, Low-Income Discount program with 5–80% bill discounts, Delivery Time-of-Day pricing, and the ComEd Energy Efficiency Program). ComEd also runs a $70M EV rebate program. Exelon deploys Oracle Fusion Applications and Opower for finance automation and customer engagement, and PowerPlan for asset accounting.
Differentiator
Problem solved
Functional benefit
Brands
- The Exelon Promise: Customer affordability initiative providing direct relief, customer protections, and long-term solutions to address rising energy costs
- Customer Relief Fund
- Exelon Foundation
- 2c2i (Climate Change Investment Initiative)
- Exelon Utilities
Products and services
- Atlantic City Electric Electricity Distribution
Quantifiable outcome
- Q1 2026 adjusted operating earnings of $0.91 per share
- +4 more outcomes
Companies that use Exelon
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles2 records
Exelon technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability9 records
Feature3 records
Exelon partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- OraclecoreExelon deployed Oracle Fusion Cloud ERP and Opower to streamline finance operations and customer engagement across its 10.7 million customers. Exelon received Oracle's Initiative of the Year award for this deployment at the Customer Edge Summit in Austin, Texas.
- PowerPlancoreExelon collaborated with PowerPlan, Oracle, and Deloitte to showcase Exelon's 28-year finance transformation success using PowerPlan's asset accounting platform alongside Oracle SaaS solutions.
- NextEra Energy TransmissioncoreNextEra Energy Transmission and Exelon were jointly selected by PJM Interconnection to develop a 220-mile, 765-kV transmission line project spanning West Virginia, Pennsylvania, and the Mid-Atlantic region. The approximately $1.7 billion project is designed to enhance electric reliability and address rising electricity demand from AI data centers.
- NVIDIAcoreExelon deployed OptoAI, an autonomous drone solution for grid asset inspection, using NVIDIA's Jetson edge AI platform and Omniverse for synthetic data generation. The solution was developed in collaboration with Deloitte.
- DeloittecoreDeloitte collaborated with Exelon to develop and deploy the OptoAI autonomous drone solution using NVIDIA technology for grid asset inspection at Baltimore Gas & Electric.
- Neighborhood Housing Services of ChicagominorComEd partnered with Neighborhood Housing Services of Chicago to administer $2.5 million in bill assistance grants for small businesses facing rising electricity supply costs.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Exelon competitors and assessment
Company assessmentBroad incumbents
- Southern Company: Large diversified regulated electric utility holding company comparable in scale and structure to Exelon. Operates multiple state T&D subsidiaries with similar rate-base growth, regulatory, and customer-affordability dynamics.
- Constellation Energy: Exelon's former generation business spun off in 2022, now the largest US nuclear operator. While generation-focused rather than T&D, Constellation serves the same PJM market and shares Exelon's AI/data center demand exposure.
- Xcel Energy: Diversified regulated electric and gas utility operating across multiple US states. Comparable to Exelon in operating structure (multi-state regulated subsidiaries), rate-base growth strategy, and pursuit of clean-energy transition investments.
- Entergy Corporation: Regulated electric utility holding company serving the Mid-South US. Comparable to Exelon in regulated T&D structure, capital intensity, and exposure to large-load customer growth across multiple state jurisdictions.
Direct peers
- Ameren Corporation: Regulated T&D utility serving Illinois and Missouri — directly overlapping Exelon's ComEd territory in Illinois. Ameren Illinois is also cited in the data as a technology partner (Flexim Cart) and faces identical state regulatory frameworks.
- Dominion Energy: Regulated electric and gas utility serving Virginia, the Carolinas, and other Mid-Atlantic markets overlapping with Exelon's footprint. Both are pursuing data center-driven load growth strategies with similar regulatory and rate-case dynamics.
- American Electric Power (AEP): Largest US transmission owner operating across multiple state jurisdictions, comparable to Exelon's multi-state T&D footprint. Both are PJM-adjacent utilities pursuing large-scale transmission investment to serve AI/data center demand.
- NextEra Energy: Joint venture partner with Exelon on the $1.7B 765-kV PJM transmission line. The largest US renewable generation operator with growing T&D exposure, sharing Exelon's AI-driven transmission build-out thesis in the PJM market.
- PSEG (Public Service Enterprise Group): Regulated T&D utility serving New Jersey and the Mid-Atlantic region adjacent to Exelon's Atlantic City Electric service territory. Both face similar state-level regulatory dynamics and data center demand opportunities in the PJM market.
- Duke Energy: One of the largest US regulated electric holding companies serving the Southeast and Midwest. Operates regulated T&D utilities comparable to Exelon's six subsidiaries, with similar exposure to data center load growth and regulatory rate-base recovery dynamics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Exelon social profiles
Digital presenceExelon financial estimates
Financial estimateRevenue estimate
Valuation estimate
Exelon leadership team
Management profileNumber of profiles
Profiles12 records
Exelon subsidiaries and ownership
Company hierarchySubsidiaries7 records
Exelon funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Exelon M&A and investment
M&A and investmentM&A2 records
Investments11 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Exelon
What does Exelon do?
Exelon Corporation is a Fortune 200 regulated utility holding company that delivers electricity transmission and distribution and natural gas distribution services to approximately 10.7 million customers through six fully regulated utility subsidiaries (Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco) operating in the Mid-Atlantic and Midwest regions of the United States. Revenue is earned through state public utility commission-approved rates that recover infrastructure investments and operating costs under a $41.7 billion four-year capital plan (2026-2029).
Is Exelon a public or private company?
Exelon is a public company. It is classified as public and is currently operating.
When was Exelon founded?
Exelon was founded in 2000. It employs 5,001 to 10,000 people.
Where is Exelon based?
Exelon is headquartered in Chicago, United States, in the North America region.
How does Exelon make money?
Two revenue lines are on record. Electricity Transmission and Distribution is the primary driver. The others are natural Gas Distribution.
Who are Exelon's main competitors?
Broad incumbents on record are Southern Company, Constellation Energy, Xcel Energy and Entergy Corporation. Direct peers are Ameren Corporation, Dominion Energy, American Electric Power (AEP), NextEra Energy, PSEG (Public Service Enterprise Group) and Duke Energy.
Does Exelon have an API?
No public API is recorded for Exelon.
What industry is Exelon in?
Exelon's product category is Regulated Electric and Natural Gas Utility Services. Its primary akta.pro industry code is EUAEACAB, Underground Distribution (Cable, Duct Bank & Vault) EPC. Its NAICS code is 2211.