Exelon Corp

NASDAQ:EXC

Business Description

Sector

Utilities

Industry

Utilities

Headquarters

United States of America US

Employees

20 571

IPO date

Jul 6, 1943

Exelon is a utility holding company that delivers electricity and natural gas through regulated local utilities. Its main businesses are the wires, pipes, and customer service networks that move power and gas to homes, businesses, schools, and public facilities in major metropolitan areas in the Midwest and Mid-Atlantic.

The company does not sell most of the electricity or gas itself. Instead, it earns money by owning and maintaining the delivery infrastructure and charging rates approved by state regulators. That makes Exelon’s business model different from a typical seller of energy: it is paid for keeping essential utility networks running safely and reliably, not for trading power in a competitive market.

Exelon’s main customers are captive utility users in the regions its operating companies serve. Because local utilities are natural monopolies, the business is tied closely to long-term infrastructure spending, regulatory oversight, and steady day-to-day demand for electric and gas service. This gives Exelon a role as a core provider in the energy value chain, connecting generators and gas suppliers to end users.