Exelon Named to Fortune’s World’s Most Admired Companies List for 11th Year
February 16 2017 - 5:05PM
Business Wire
List ranks companies on criteria such as social
responsibility, innovation and quality of products, services and
management
Exelon was named one of Fortune’s 2017 World's Most Admired
Companies, marking the 11th consecutive year that the company has
made the list.
Exelon ranked particularly well for its quality of products and
services, social responsibility and people management.
“This distinction reflects our continued operational and
financial progress in 2016, with all of our utilities achieving
best-on-record or best-in-class operating performance on metrics,
including service reliability and customer satisfaction,” said
Chris Crane, president and CEO of Exelon. “As a result of our
continued growth and investment to create a clean, affordable,
next-generation energy grid we became the only company in our
sector listed on the Fortune 100. Credit for our continued success
belongs to our 34,000 employees and their dedication to providing
clean, safe, reliable energy nationwide.”
The Most Admired list has served as a report card on corporate
reputations since its founding in 1997. To determine the annual
ranking, Fortune and partner Korn Ferry Hay Group survey financial
analysts and leaders from non-U.S. companies in Fortune’s Global
500 that have revenues of $10 billion or more and the 1,000 largest
U.S. companies to identify the businesses that enjoy the highest
standings within their industries. Korn Ferry Hay Group asks
executives, directors and analysts to rate enterprises in their own
industry on nine criteria, from investment value and quality of
management and products to social responsibility and ability to
attract talent.
Exelon’s merger with Pepco Holdings in March made it the largest
company by revenue in the utility sector and the largest utility in
the United States by customer count.
Exelon is a leader in the pursuit of new technology, partnering
with top universities, national labs, government agencies, venture
capitalists and private equity firms to unleash innovations with
the potential to transform the industry, spur clean energy options
and provide greater benefits to customers.
Exelon and employees across its family of companies are also
known for their dedication to giving back. In 2016 Exelon companies
and the Exelon Foundation donated more than $46 million to
nonprofits – the largest amount ever. Employees served more than
170,000 hours of community service, as well.
Exelon also furthered its commitment to diversity and inclusion
in 2016 by expanding its family leave policy and joining over 100
likeminded companies in signing the White House Equal Pay Pledge.
In addition, the company has increased spending with women- and
minority-owned businesses by more than 200 percent since 2011 to
reach $1.9 billion in 2016.
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one
of the largest competitive U.S. power generators, with more than
32,700 megawatts of nuclear, gas, wind, solar and hydroelectric
generating capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. The company’s Constellation
business unit provides energy products and services to
approximately 2.5 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
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ExelonRobin LevyCorporate
Communications202-637-0317robin.levy@exeloncorp.com
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