Illinois
Exelon is focused on meeting rising demand from data centers and manufacturing, company officials said during its second-quarter earnings call.
DOE awarded $371 million to state regulatory agencies to accelerate transmission permitting and to communities impacted by major interstate projects.
Exelon prioritized improving "our regulatory outlook in Illinois," CEO Calvin Butler said, after the state's Commerce Commission rejected ComEd's integrated grid plan for failing to meet core provisions of the Climate and Equitable Jobs Act.
A DOE report on resource adequacy says firms investing in natural gas capacity could be retrofitted with carbon capture and storage, or the ability to burn clean hydrogen.
Bribery scandals and concerns over reliability and the pace of decarbonization have caused increasing scrutiny of utilities’ political activities.
"The energy transformation will last decades, not years, which is why we are confident that investment opportunities will continue to strengthen and lengthen our rate base growth,” CEO Calvin Butler said.
Exelon utilities will work on transmission upgrades as the Brandon Shores coal-fired power plant prepares for deactivation.
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