Exelon Corporation
- Industry
- Electric Utilities
- Exchange
- US
- Country
- USA
- IPO date
- Jan 2, 1980
- Employees
- 20,000
- Website
- www.exeloncorp.com
Composite valuation range · conservative $31–$38 / fair $43–$55 / optimistic $60–$73. At $47.15, Within the fair intrinsic-value range.
At publication $45.35 (May 22, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States. The company is involved in the purchase and regulated retail sale of electricity and natural gas; transmission and distribution of electricity; and distribution of natural gas to retail customers. It serves residential, commercial, industrial, and public authorities and electric railroads customers. Exelon Corporation was incorporated in 1999 and is headquartered in Chicago, Illinois.
History
Exelon Corporation traces its public listing to an IPO dated January 2, 1980, and the present holding company was incorporated in 1999, headquartered in Chicago, Illinois. Once an integrated energy group with substantial generation operations, Exelon completed the spin-off of Constellation in February 2022, after which it became a holding company centered on regulated transmission and distribution utilities. In a separate matter, ComEd entered a deferred prosecution agreement in July 2020 and paid $200 million, with the three-year term ending July 17, 2023.
Industry position
Exelon is a utility services holding company engaged in energy transmission and distribution in the United States, and is described as one of the largest regulated transmission and distribution utilities in the country. It operates through six fully regulated T&D utilities, Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco, serving close to 11 million residential, commercial, industrial and public-authority customers with about 20,000 employees. Operating revenue was $24.258 billion in 2025, $23.028 billion in 2024 and $21.727 billion in 2023. Named comparable peers include AEP, Consolidated Edison, Duke, Xcel and Entergy.
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