Exelon

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.

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

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

• Electric utility services
• Natural gas distribution
• Regulated transmission
• Grid infrastructure
• Utility holding company

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core 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

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability9 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• OraclecoreTechnology or Integration · 14 May 2026Exelon 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.
• PowerPlancoreTechnology or Integration · 7 April 2026Exelon 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 TransmissioncoreStrategic or Co-development Partner · 13 February 2026NextEra 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.
• NVIDIAcoreTechnology or Integration · 2 February 2026Exelon 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.
• DeloittecoreImplementation/ SI/ Consulting Partner · 2 February 2026Deloitte 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 ChicagominorGTM or Marketing PartnerComEd 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

Broad 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

• Xx.com/exelon
• Facebookfacebook.com/Exelon
• LinkedInlinkedin.com/company/exelon
• Instagraminstagram.com/exelonofficial

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments11 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Exelon