Exelon will invest $29 billion in the energy grid from 2022 through 2025 to improve reliability and resilience, harden system against increasingly severe weather

Exelon (Nasdaq: EXC) energy delivery companies ComEd and PECO have been named to Site Selection magazine's 2022 list of Top U.S. Utilities in Economic Development, exemplifying Exelon's companywide commitment to driving investment, new business and job growth in the communities it serves.

“We invest billions of dollars into our infrastructure to ensure our customers have access to safe, reliable and affordable energy, which is critical as we lead the energy transformation and ready the grid for electrification,” said Calvin G. Butler Jr., president and chief operating officer of Exelon. “We help power the economic health and well-being of our communities by making it easier for new and expanding businesses to connect to a more sustainable, reliable and resilient grid, spurring job creation and economic growth.”

Site Selection is a national trade publication for corporate executives, site location consultants and real estate professionals who are responsible for choosing business and industry locations.

The magazine recognized Chicago-based ComEd for the ninth year, highlighting its success in launching 16 new commercial projects, with commitments to invest $3 billion locally and create 4,700 new jobs in northern Illinois. ComEd’s infrastructure investments include the construction of three new substations, which are helping to support large power-requirement projects like data centers, indoor agriculture farms, e-commerce and manufacturing-related industries.

PECO was recognized for the sixth year for its leading role in supporting economic growth and job creation across southeastern Pennsylvania, with commitments to invest $3.1 billion and create nearly 4,500 jobs. PECO’s infrastructure investments include electric distribution capacity enhancements to support the region’s growing life sciences industry, evolving network of warehouse/distribution centers, rising data center sector and many multi-family developmental projects.

Although ComEd and PECO were formally recognized by Site Selection, each of Exelon’s energy delivery companies supports major economic projects within its service territories to spur innovation and create jobs for those living in the region. Some highlights include:

  • Atlantic City Electric is helping implement New Jersey's offshore wind goal to deploy 11,000 megawatts of offshore wind by 2040 by working with offshore wind developers to facilitate interconnection to the regional transmission system. ACE also is performing work to expand the local energy grid to support the new Wind Port in Salem County and the Turbine Manufacturing Facility at Paulsboro.
  • BGE became the first utility in Maryland to successfully complete the interconnection of renewable natural gas (RNG) through its gas distribution system in support of the newly constructed $1.6 million RNG plant, owned and operated by Bioenergy Devco.
  • Delmarva Power is investing in its infrastructure to support construction of a new state-of-the-art, 1.7 million square-foot pharmaceutical manufacturing facility in New Castle County, Del., where it will create up to 1,200 jobs.
  • Pepco is supporting broad transportation electrification efforts across the District of Columbia and Maryland, including supporting local energy grid work to help the largest school district in Maryland, Montgomery County Public Schools, transition to all electric school buses. This is the single largest school bus electrification project in the United States.

More information about Exelon’s broader community investments, including local workforce development training programs, community and educational grants and employee volunteerism, is available at exeloncorp.com.

About Exelon

Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest energy delivery company, serving more than 10 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). More than 18,000 Exelon employees dedicate their time and expertise to powering a cleaner and brighter future for our customers and communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on Twitter @Exelon.

Liz Keating Corporate Communications elizabeth.keating@exeloncorp.com 312-394-7417 Exelon Media Hotline

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