Pepco supports Rio property in major energy-efficiency upgrade through incentive program

Pepco announced that it has helped Rio, a 760,000-square-foot mixed-use property in Gaithersburg, Maryland, become more energy-efficient through its Energy Savings for Business program. The initiative, in partnership with Lightility, LLC, involved a large-scale LED lighting upgrade throughout Rio’s three parking garages and surface lots, totaling 1,089 fixtures.

The project received financial incentives from Pepco that covered 80% of the total cost. Combined with a $15,000 subsidy from the Montgomery County Green Bank, the upgrade is expected to yield annual savings of around 970,776 kWh and $155,324 — the equivalent energy use of 576 electric vehicles over one year.

Heather Madison, senior property manager at Peterson Companies, emphasized the project’s environmental and economic benefits, citing it as a model of public-private collaboration toward energy efficiency.

Exelon Corp. (Nasdaq: EXC) announced today that Carim Khouzami, president and chief executive officer of Exelon operating company BGE, is taking on the role of executive vice president, Transmission and Development for Exelon.

ComEd announced that its CONSTRUCT Infrastructure Academy and Craft Academy have now served over 1,000 participants since 2013.

In April 2025, 73 new graduates completed the free job training programs, which are designed to prepare diverse local talent for entry-level careers in construction and the utility sector.

With support from 40 partners and community groups, the programs offer certifications, hands-on training, and job placement support. Over 70% of participants have secured jobs post-training, with more than 90% being people of color and nearly 20% women in this year’s class.

Exelon (Nasdaq: EXC) will hold its first quarter 2025 earnings conference call at 9:00 a.m. CT/10:00 a.m. ET on Thursday, May 1.

The conference call will be led by Exelon President and CEO, Calvin Butler, and Exelon Executive Vice President and CFO, Jeanne Jones.

Exelon Corporation Appoints David DeWalt as Independent Director
CHICAGO, IL – March 10, 2025 – Exelon Corporation (NASDAQ: EXC) today announced that its Board of Directors has appointed David DeWalt as an independent director, effective immediately.

Key Appointment Details
Board Committee Assignments: The Exelon Board has not yet determined which committees Mr. DeWalt will serve on.
Compensation: Mr. DeWalt will receive standard director compensation as outlined in Exelon’s most recent proxy statement filed with the Securities and Exchange Commission (SEC) on March 20, 2024.
Selection Process: There was no arrangement or understanding between Mr. DeWalt and any other party regarding his appointment as a director.

Exelon Corporation (NASDAQ: EXC) has announced the issuance and sale of $1 billion in aggregate principal amount of notes, comprising $500 million of 5.125% Notes due 2031 and $500 million of 5.875% Notes due 2055. The proceeds will be used to repay $464 million in outstanding commercial paper and for general corporate purposes. The notes were issued under an indenture agreement with The Bank of New York Mellon Trust Company, N.A., with interest payable semi-annually starting September 15, 2025.

The company’s underwriting agreement was executed on February 18, 2025, with Barclays Capital Inc., BNP Paribas Securities Corp., BofA Securities, Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC serving as underwriters. Legal opinions were provided by Ballard Spahr LLP.

Exelon cautioned that forward-looking statements are subject to uncertainties including regulatory actions, cybersecurity risks, climate change impacts, and market fluctuations. Investors are advised to review Exelon’s latest SEC filings for further details.

Exelon Corporation filed an 8-K report on February 19, 2025, announcing the completion of a $1 billion public offering of 6.500% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. The company received approximately $990 million in proceeds after underwriting discounts but before deducting estimated offering expenses of $2.2 million.

The notes have a fixed 6.500% interest rate until March 15, 2035, after which the rate will reset every five years based on the Five-Year U.S. Treasury Rate plus 1.975%. Interest payments will be made semi-annually on March 15 and September 15. Exelon has the option to defer interest payments for up to 20 consecutive semi-annual periods, provided the deferral does not extend beyond the final maturity date.

The notes may be redeemed at the company’s option between December 15, 2034, and March 15, 2035, or on any interest payment date after March 15, 2035, at 100% of the principal amount plus accrued interest. The offering was conducted through an underwriting agreement with Barclays Capital, Citigroup Global Markets, Goldman Sachs, J.P. Morgan Securities, and Morgan Stanley.

The filing also includes various exhibits such as the underwriting agreement, indentures, legal opinions from Ballard Spahr LLP and McGuireWoods LLP, and interactive financial data files. Exelon outlines several forward-looking risks, including regulatory changes, cybersecurity threats, economic downturns, and extreme weather events.