Latest news with #AtlanticCityElectric
Business Wire
27-06-2025
- Business
- Business Wire
Exelon to Announce Second Quarter Results on July 31
CHICAGO--(BUSINESS WIRE)--Exelon (Nasdaq: EXC) will hold its second quarter 2025 earnings conference call at 9:00 a.m. CT / 10:00 a.m. ET on Thursday, July 31, 2025. The conference call will be led by Exelon President and CEO, Calvin Butler, and Exelon Executive Vice President and CFO, Jeanne Jones. To listen to or view the upcoming earnings presentation, please access the live listen-only webcast here. The audio webcast link will also be available on the Investor Relations page and will be archived and available for replay. About Exelon Exelon (Nasdaq: EXC) is a Fortune 200 company and one of the nation's largest utility companies, serving more than 10.7 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco. Exelon's 20,000 employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow @Exelon on X and LinkedIn.
Business Wire
12-06-2025
- Business
- Business Wire
'Commitment to Our Communities:' Exelon Steps in to Provide $50 Million Customer Relief Fund for Customers Struggling with Higher Energy Supply Costs
CHICAGO--(BUSINESS WIRE)--Exelon (Nasdaq: EXC) today announced a $50 million Customer Relief Fund to help low- and middle-income (LMI) customers struggling as energy supply costs escalate this summer. Exelon's local energy companies – Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco – will join with trusted local nonprofits to determine customer eligibility and administer relief. Each nonprofit will receive a portion of the $50 million commitment as a one-time charitable contribution from Exelon. Beginning in early July, customers of Atlantic City Electric, BGE, ComEd, Delmarva Power and Pepco will be able to apply for assistance through the Customer Relief Fund. Customers of PECO in the Philadelphia area will be able to apply in August. Qualifying customers may see as much as several hundred dollars in relief. The fund is a temporary, one-time assistance program designed to help manage the impact of rising energy supply costs as demand increases and supply is not there to meet it. Although all customers are affected by these increases, the fund is designed to provide support to those who may be most in need. While Exelon does not control energy supply costs, the company is committed to advocating for customers and working to find solutions with those who do. 'Exelon understands that high energy bills, caused by increased supply costs, are extremely stressful for low- and middle-income customers – which includes many seniors, small business owners and families experiencing challenges,' said Exelon President and CEO Calvin Butler. 'The Customer Relief Fund, in addition to our existing year-round programs supporting customers with energy assistance, once again demonstrates Exelon's commitment to our communities. We continue to work with federal, state and local officials to develop long-term solutions that ensure customers affordable, reliable and sustainable energy.' How the Customer Relief Fund Will Work Exelon is making a one-time charitable contribution totaling $50 million to trusted community nonprofits to assist customers. In these challenging times, Exelon hopes this contribution will catalyze additional philanthropic giving to support communities. Details regarding administration of the Customer Relief Fund, including eligibility and disbursement of relief, will vary by operating company and its alliance with local nonprofits. Customers are encouraged to visit the websites of their local energy companies to learn how they can secure local support. Helping Customers Cope Though the Customer Relief Fund is a temporary program designed to address the current needs of customers, it is a key part of Exelon's and its local energy companies' comprehensive efforts helping customers afford and manage energy costs, including: Energy efficiency programs to help customers reduce energy consumption. Working with state and local governments to develop innovative programs that provide customers access to additional relief for high energy costs. Budget billing and flexible payment options to help customers manage costs, especially during higher usage periods. In addition to these short- and medium-term efforts to help customers cope with higher energy costs, Exelon continues working with federal, state and local officials to develop long-term solutions that deliver reliable and affordable energy to customers, including bringing more electricity generation online quickly through reforms to promote the re-use of retiring or retired generation sites. By accelerating the delivery of new, clean sources of power – while supporting local communities and embracing best practices from other parts of the country – we can work with customers to decrease overall electricity demands when the grid is stressed. Exelon remains committed to serving customers and communities in times of need. The Customer Relief Fund is part of Exelon's broader support for customers, which in 2024 included $492.1 million in energy assistance programs serving 520,000 customers and nearly $1 billion in energy efficiency programs to help customers save energy and money. Though energy costs continue rising, Exelon customers have seen rates 21 percent below the largest U.S. cities, while also experiencing a 35 percent improvement in reliability because of our grid investments. About Exelon Exelon (Nasdaq: EXC) is a Fortune 200 company and one of the nation's largest utility companies, serving more than 10.7 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco. Exelon's 20,000 employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on X, @Exelon.
Yahoo
12-06-2025
- Business
- Yahoo
"Commitment to Our Communities:" Exelon Steps in to Provide $50 Million Customer Relief Fund for Customers Struggling with Higher Energy Supply Costs
In early July and August, Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco low- and middle-income customers can begin applying for relief to ease the expected impact of higher summer energy supply costs. Trusted local nonprofits to join with Exelon's local energy companies and administer relief thanks to charitable contributions from Exelon. CHICAGO, June 12, 2025--(BUSINESS WIRE)--Exelon (Nasdaq: EXC) today announced a $50 million Customer Relief Fund to help low- and middle-income (LMI) customers struggling as energy supply costs escalate this summer. Exelon's local energy companies – Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco – will join with trusted local nonprofits to determine customer eligibility and administer relief. Each nonprofit will receive a portion of the $50 million commitment as a one-time charitable contribution from Exelon. Beginning in early July, customers of Atlantic City Electric, BGE, ComEd, Delmarva Power and Pepco will be able to apply for assistance through the Customer Relief Fund. Customers of PECO in the Philadelphia area will be able to apply in August. Qualifying customers may see as much as several hundred dollars in relief. The fund is a temporary, one-time assistance program designed to help manage the impact of rising energy supply costs as demand increases and supply is not there to meet it. Although all customers are affected by these increases, the fund is designed to provide support to those who may be most in need. While Exelon does not control energy supply costs, the company is committed to advocating for customers and working to find solutions with those who do. "Exelon understands that high energy bills, caused by increased supply costs, are extremely stressful for low- and middle-income customers – which includes many seniors, small business owners and families experiencing challenges," said Exelon President and CEO Calvin Butler. "The Customer Relief Fund, in addition to our existing year-round programs supporting customers with energy assistance, once again demonstrates Exelon's commitment to our communities. We continue to work with federal, state and local officials to develop long-term solutions that ensure customers affordable, reliable and sustainable energy." How the Customer Relief Fund Will Work Exelon is making a one-time charitable contribution totaling $50 million to trusted community nonprofits to assist customers. In these challenging times, Exelon hopes this contribution will catalyze additional philanthropic giving to support communities. Details regarding administration of the Customer Relief Fund, including eligibility and disbursement of relief, will vary by operating company and its alliance with local nonprofits. Customers are encouraged to visit the websites of their local energy companies to learn how they can secure local support. Helping Customers Cope Though the Customer Relief Fund is a temporary program designed to address the current needs of customers, it is a key part of Exelon's and its local energy companies' comprehensive efforts helping customers afford and manage energy costs, including: Energy efficiency programs to help customers reduce energy consumption. Working with state and local governments to develop innovative programs that provide customers access to additional relief for high energy costs. Budget billing and flexible payment options to help customers manage costs, especially during higher usage periods. In addition to these short- and medium-term efforts to help customers cope with higher energy costs, Exelon continues working with federal, state and local officials to develop long-term solutions that deliver reliable and affordable energy to customers, including bringing more electricity generation online quickly through reforms to promote the re-use of retiring or retired generation sites. By accelerating the delivery of new, clean sources of power – while supporting local communities and embracing best practices from other parts of the country – we can work with customers to decrease overall electricity demands when the grid is stressed. Exelon remains committed to serving customers and communities in times of need. The Customer Relief Fund is part of Exelon's broader support for customers, which in 2024 included $492.1 million in energy assistance programs serving 520,000 customers and nearly $1 billion in energy efficiency programs to help customers save energy and money. Though energy costs continue rising, Exelon customers have seen rates 21 percent below the largest U.S. cities, while also experiencing a 35 percent improvement in reliability because of our grid investments. About Exelon Exelon (Nasdaq: EXC) is a Fortune 200 company and one of the nation's largest utility companies, serving more than 10.7 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco. Exelon's 20,000 employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on X, @Exelon. View source version on Contacts Timothy Stokes312-394-7417 Media Melden Sie sich an, um Ihr Portfolio aufzurufen.
Yahoo
01-06-2025
- Business
- Yahoo
NJ power bills are spiking this month. What to know.
Major electricity rate increases are in effect across New Jersey as of June 1 — just in time for what the National Weather Service expects to be a summer hotter than normal. The figure for 'average' residential kilowatt hour usage varies, but generally is around 650 kWh per month. Consumers at those levels could see monthly bill increases of approximately 17-20%. Businesses are similarly affected. These estimated increases vary by which utility serves your region. More: Atlantic City Electric is giving customers another break. What to know. In South Jersey, those are: Jersey Central Power & Light, 20.20%; Atlantic City Electric, 17.23%; and PSE&G, 17.24%. In cash terms that's an additional $22.67 to $28.02 per month for the average customer. The administration of New Jersey Gov. Phil Murphy and the New Jersey Board of Public Utilities have pressed electric providers to come up with ways to lessen the impact. Electric company representatives have said they're paying more to buy the power they sell and aren't making money on these rate increases. Atlantic City Electric spokesman Brian Ahrens said on Friday that the utility has worked hard since the increases became public early this year at putting information in front of customers. This company is the utility provider for most southern counties in the state, including parts of Gloucester County. Ahrens and other utility representatives have echoed state government calls for consumers to seriously consider various conservation strategies and to look for financial assistance options. Company representatives have said they also expect results from more use of 'smart' meters. Other tips include: Conduct home efficiency evaluations. Search for rebates for energy efficient equipment and appliances. Looks for discounts on products such as programmable thermostats. Apply for budget billing to spread out seasonal cost spikes. Sign up for flexible payment plans. Utilities also are using their websites to steer customers to local, state and federal assistance programs. The increase in electricity costs is being put down to two reasons: Demand is higher, and energy production and/or delivery capacity have not kept pace. The growth in artificial intelligence data centers is claimed to be behind much of the demand for more electricity. Data centers are almost entirely in North Jersey. More: Electric bill increases in New Jersey: How much, and when, your bill will spike. Some of the assistance programs are as follows: Low Income Home Energy Assistance — helps low-income residents with heating and cooling bills, and makes provisions for emergency heating system services and emergency fuel assistance within the Home Energy Assistance Program. Call 1-800-510-3102 or visit for more information. Universal Service Fund — provides a monthly credit on natural gas and/or electric bills. USF shares an application with the federal Low Income Home Energy Assistance Program. Visit or call toll-free at 1-866-240-1347. NJSHARES — provides grants to moderate- and fixed-income households in a temporary financial crisis. Eligibility is based on household size and income. Grants are to be used for energy consumption only — not deposits, reconnection fees or repairs. Grants are to result in continuance and/or restoration of service. Payments go to the utility company. Call 1-866-657-4273 or visit New Jersey Lifeline — assistance for older adults and people with disabilities. This may provide a $225 annual benefit to people who meet the Pharmaceutical Assistance to the Aged and Disabled eligibility requirements or who receive Supplemental Security Income. This includes utility customers as well as tenants whose utility bills are included in their rent. Call 1-800-792-9745 or visit Joe Smith is a N.E. Philly native transplanted to South Jersey 36 years ago, keeping an eye now on government in South Jersey. He is a former editor and current senior staff writer for The Daily Journal in Vineland, Courier-Post in Cherry Hill, and the Burlington County Times. Have a tip? Support local journalism with a subscription. This article originally appeared on Cherry Hill Courier-Post: NJ electric bills are set to increase by 20%
Yahoo
17-05-2025
- Climate
- Yahoo
Tree falls into home during severe thunderstorm displacing woman in South Jersey
The Brief A Gloucester County woman is displaced after a tree falls into the side of her home. Power lines were downed after heavy rain and wind. WILLIAMSTOWN, N.J. - Evidence of storm damage is littered throughout the community of Williamstown, in Gloucester County, where the most significant damage was a tree falling into a home during the height of severe weather. What we know A severe thunderstorm came through Gloucester County leaving a trail of damage behind in one Williamstown neighborhood. A tree into a home is the most severe damage on the 100 block of Bellwyn Avenue near West Cushman Avenue. The woman who lived inside fortunately got out without injury. Other smaller trees and branches also came down during the storm, along with power lines. Atlantic City Electric arrived on scene late into the night after a second round of rain came through around 8:30 Friday night. What they're saying "I looked out my kitchen window and I seen that tree in the house," said Billiejo Baker. She is talking about the house next door. Her neighbor is displaced after the gigantic tree came crashing down onto her home. "I went out the side door to go and check on her because she lives alone," said Billiejo. "The front bedroom on the corner and the front bedroom next to it. It went through both of them." "She was in there trying to find her cats and we were in there. All our neighbors were checking on her and helping her but her cats are still in there," said Billiejo. Al Baker cannot believe the damage. "It's unbelievable," he said. Baker said he knew it was not going to be good but he did not think it would be this bad. "I was outside when it first started hitting. I am like, 'It is time to get in the house.' Five minutes later, all this happened," he said. He describes hearing the tree hit his neighbor's house. "I thought a bomb went off," he said. A tree in his yard took down a power line. Big picture view The community spent the evening helping others clean up what they could until a tree removal company came in to chop and remove the big stuff. "We're just neighbors. We look out for each other," said Billiejo.
