Core Insights - ComEd has launched a new Delivery Time-of-Day (DTOD) pricing rate for residential customers to help manage energy use and reduce costs [1] - The DTOD program allows households to save money by shifting energy consumption to lower-rate periods when demand is reduced [1] - Electric vehicle (EV) owners can earn bill credits through participation in the DTOD program [1] Company Initiatives - The introduction of the DTOD pricing rate aligns with the Illinois Climate initiatives [1] - The program aims to promote energy efficiency and cost savings for residential customers [1]

Core Insights - The Midwest Energy Efficiency Alliance (MEEA) awarded the Inspiring Efficiency Marketing Award to Walker-Miller Energy Services and ComEd for their collaborative Energy Saving Kits program aimed at promoting clean energy access [1][7]. Company Initiatives - Walker-Miller Energy Services and ComEd developed a unique outreach strategy to distribute free energy-efficient product kits, utilizing market segmentation data for targeted email outreach [3][5]. - The Energy Saving Kits include LED light bulbs, night lights, and weatherization products, designed to enhance household energy efficiency and reduce monthly energy bills for income-eligible customers [4][3]. Marketing and Engagement - ComEd's email marketing campaign effectively informed customers about the Energy Saving Kits, leading to increased engagement and requests from previously unaware customers [5]. - The campaign prioritized income-eligible households, ensuring that energy-saving resources reached those most in need, resulting in a significant increase in kit requests [5][6]. Program Impact - Since its launch in 2008, ComEd's energy-efficiency program has saved customers over $12 billion on energy bills and reduced electricity consumption by 103 million megawatt-hours, equivalent to preventing over 77 billion pounds of carbon emissions [8][9]. - The impact of these savings is comparable to planting more than 35 million acres of trees, highlighting the environmental benefits of the program [9]. Organizational Background - Walker-Miller Energy Services is a Certified B Corporation focused on clean energy, diversity, equity, and inclusion, while ComEd serves over 10.7 million customers in northern Illinois [10][11]. - MEEA promotes energy efficiency as a pathway to a clean, affordable, and sustainable future, serving as a resource for members and policymakers [12].

Core Insights - ComEd, in collaboration with Walker-Miller Energy Services, received the Inspiring Efficiency Marketing Award for its Energy Saving Kits portal and marketing program at the Midwest Energy Solutions Conference [1][7] Company Initiatives - ComEd aims to expand access to energy-saving programs, particularly for income-eligible customers, to reduce energy use and environmental impact [2] - The Energy Saving Kits program has been available for approximately 10 years, providing complimentary kits with energy-saving products to eligible customers [2] Program Impact - Approximately 20,000 Energy Saving Kits were delivered, resulting in over 12,300 megawatt hours of electricity savings and 724,200 therms of natural gas savings, equating to nearly $3 million in customer savings on energy bills [3][4] - Since its launch in 2008, ComEd's energy-efficiency program has saved customers over $12 billion on energy bills and reduced electricity consumption by 103 million megawatt-hours, preventing over 77 billion pounds of carbon emissions [8] Marketing and Outreach - ComEd and Walker-Miller utilized targeted email outreach based on market segmentation data to effectively distribute the Energy Saving Kits [4][5] - The campaign prioritized income-eligible households, significantly increasing kit requests and ensuring resources reached those most in need [5] Recognition and Awards - The Inspiring Efficiency Marketing Award recognizes impactful campaigns that enhance participation in energy efficiency programs and promote energy-efficient product adoption [6][8]

Core Viewpoint - ComEd has launched a Low-Income Discount (LID) program aimed at providing bill relief to low- to moderate-income customers, offering discounts based on income levels to help alleviate the financial burden of rising energy costs [1] Group 1: Program Details - The LID program offers percentage-based discounts on monthly electric bills, targeting a reduction to 3% to 6% of total household income for eligible customers [1] - Currently, 240,000 customers are enrolled in the LID program, with ongoing enrollment to assist those struggling to pay their energy bills [1] - Discounts are tiered for households with incomes up to 300% of the federal poverty level, which is $96,450 for a family of four [1] Group 2: Economic Context - The introduction of the LID program comes as customers face rising energy supply costs, influenced by supply-demand imbalances that affect nearly half of energy bills [1] - Rockford Mayor Tom McNamara emphasized the pressing challenge of affordability for families, as costs for utilities and housing continue to rise [1] Group 3: Application Process - Customers can apply for the LID program simultaneously with state energy assistance programs like LIHEAP and PIPP, through Community Action Agencies (CAAs) [1] - Those with incomes between 201% and 300% of the federal poverty level may qualify as Tier 5 customers for the LID program [1] Group 4: Expected Savings - Eligible customers can receive LID for 13 to 24 months, with potential savings ranging from 5% to 80% on their electric bills, depending on household income and delivery class [1] - ComEd estimates that over 35,000 households in Winnebago and Boone counties could benefit from the LID program [1] Group 5: Additional Support Programs - In 2025, ComEd connected over 220,000 customers to more than $108 million in financial assistance, including a $10 million Customer Relief Fund that aided over 30,000 customers [1] - ComEd continues to offer various customer support programs to help manage energy use and provide relief for past-due balances [1]

Core Viewpoint - Exelon Corporation (NASDAQ:EXC) is facing challenges that have led to recent downgrades by analysts, impacting its stock outlook despite being recognized for its potential in the utility sector [2][3][4]. Group 1: Analyst Downgrades - Wolfe Research downgraded Exelon from 'Outperform' to 'Peer Perform', citing political and regulatory challenges in key states and below-average earnings growth of 5%-7% [3]. - Barclays analyst lowered Exelon's price target from $52 to $50 while maintaining an 'Overweight' rating, indicating an upside of over 11% from the current share price [4]. - Wells Fargo also reduced Exelon's price target from $52 to $51, yet kept an 'Overweight' rating on the shares [5]. Group 2: Company Overview - Exelon is one of the largest utility companies in the U.S., serving over 10.7 million customers through six fully regulated transmission and distribution utilities [2].

Core Insights - ComEd made significant advancements in 2025 to meet the energy needs of over 9 million people in northern Illinois, focusing on renewable energy resources and customer financial assistance programs [1][3][4] Group 1: Reliability and Affordability - ComEd was ranked No. 1 in reliability among similar utilities in a 2025 benchmark study, receiving the ReliabilityOne award for Outstanding Reliability Performance [4] - The average residential electricity cost in ComEd's territory was 15.34 cents per kilowatt hour (kWh), remaining 22% below the national average [4] - ComEd connected over 220,000 customers to more than $108 million in financial assistance, including a $10 million Customer Relief Fund [4][5] Group 2: Infrastructure Investments - In 2025, ComEd replaced over 4,700 utility poles and reinforced over 8,400 poles to enhance grid resiliency [9] - ComEd announced a $1 billion multi-year capital investment for transmission upgrades to support economic growth and increase reliability [9] - The grid modernization plan approved by the Illinois Commerce Commission in 2024 created hundreds of new jobs in 2025 [9] Group 3: Renewable Energy and Energy Efficiency - ComEd interconnected over 1.4 GW of distributed energy resources (DER) through more than 2,000 commercial and 75,000 residential solar systems [9][13] - The Energy Efficiency Program surpassed $12 billion in total customer bill savings, providing over $300 million in rebates in 2025 [9] - ComEd funded over 4,000 heat pump installations and completed its 100,000th free energy assessment for small businesses [9] Group 4: Electric Vehicles and Community Engagement - ComEd launched the EV Ambassador program and has distributed over $150 million in EV rebates, with 80% going to low-income customers [10][12] - The company provided educational opportunities to over 350 students in 2025 and awarded $300,000 in scholarships to STEM students [11] - ComEd's community initiatives included nine Powering Lives Resource Fairs, connecting over 2,600 families to support services [11]

Core Viewpoint - Exelon Corporation is one of the largest utility companies in the U.S., with a market capitalization of $45.19 billion, focused on delivering reliable, clean, and affordable energy across six regulated utilities [1]. Financial Performance - Exelon is expected to report a profit decline of 18.8% year-over-year for the fourth quarter, projecting earnings of $0.52 per diluted share [2][3]. - For fiscal year 2025, profit is anticipated to grow by 8% annually to $2.70 per diluted share, followed by a 4.4% increase to $2.82 in fiscal 2026 [3]. - The company has a history of exceeding consensus estimates, having topped them in each of the last four quarters [3]. Stock Performance - Over the past 52 weeks, Exelon's stock has gained 13.7%, while it is up 4.4% over the past six months, underperforming compared to the S&P 500 Index, which gained 16.9% and 10.8% respectively [4]. - The stock has outperformed its sector over the past year but has underperformed over the past six months compared to the State Street Utilities Select Sector SPDR ETF, which increased by 10.2% and 5.8% over the same periods [4]. Recent Results - On November 4, Exelon reported third-quarter operating earnings of $6.71 billion, a 9% increase year-over-year, surpassing analyst expectations of $6.35 billion [5]. - The adjusted operating EPS for the quarter was $0.86, reflecting a 21.1% year-over-year increase and exceeding the estimate of $0.76 [5]. - Exelon expects to meet its full-year EPS guidance of $2.64 to $2.74 [5]. Analyst Ratings - Among 20 analysts covering Exelon, the consensus rating is "Moderate Buy," with an increase in bullish ratings from three months ago, now including eight "Strong Buy" ratings, up from seven [6]. - The ratings also include 10 "Holds" and two "Strong Sells" [6].

Core Insights - ComEd has presented its second multi-year grid plan (MYGP) for 2028-2031, focusing on critical investments to enhance grid reliability and address rising energy demands amid extreme weather challenges [1][2] Investment and Economic Growth - The new grid plan aims to ensure reliable energy delivery and affordable rates while supporting Illinois' clean energy and economic development goals, as outlined in the Illinois Climate and Equitable Jobs Act (CEJA) and the Clean and Reliable Grid Affordability Act (CRGA) [2] - The plan includes targeted investments to accommodate the energy needs of new commercial projects, which last year represented over $13 billion in planned investment and approximately 2,200 new jobs in the ComEd region [2] Long-Range Strategy - ComEd's Long-Range Strategy (LRS) underpins the MYGP, focusing on growth driven by large load projects, electrification, and severe weather resilience [3] Features of the MYGP - The 2028-2031 MYGP builds on previous investments and addresses current challenges with cost-effective solutions [4] - The plan includes investments to meet unprecedented load growth, facilitate new customer connections, and increase energy capacity at over 70 substations [6] - It aims to accelerate renewable energy growth through infrastructure investments that simplify solar and wind interconnections, with over 1.4 gigawatts (GW) of distributed solar generation currently connected [6] - Investments will support the clean energy transition by developing residential and commercial solar projects, battery storage, and advanced grid management technologies [6] Affordability and Customer Impact - ComEd evaluates affordability to ensure that total home energy costs do not exceed 3% of average household income for non-electric space heat customers or 6% for space heat customers, as approved by the ICC [7] - Projections indicate that the average residential customer will spend 1.47% of their household income on electricity in 2028, increasing to 1.56% by 2031 [7] Competitive Rates - ComEd's electric rates are among the most competitive in the nation, with average residential rates at 15.34 cents per kilowatt hour (kWh), which is 22% below the average in the Top 20 Metropolitan markets [8] Financial Assistance Programs - In 2025, ComEd provided $108 million in assistance to 220,000 customers, including a Customer Relief Fund of $10 million [9] - The company plans to return over $803 million to customers from nuclear plants and has achieved $12 billion in savings for customers through its energy assistance program [9] Regulatory Process - The Illinois Commerce Commission (ICC) will decide on ComEd's MYGP by the end of the year after an 11-month review process [10] - The plan estimates an increase of about $2.50 to $3.00 in the average monthly residential customer bill starting in 2028, with similar adjustments in subsequent years [10] Company Overview - ComEd is a unit of Exelon Corporation, serving over 10.7 million electricity and natural gas customers, making it the largest utility in the U.S. [11]

Core Insights - ComEd is accepting grant applications for three of its Power for Good Grant Programs, with a total funding of $515,000 available for municipalities and nonprofit organizations [1] Funding Details - The funding aims to strengthen environmental sustainability efforts, advance public safety and clean transportation projects, and broaden access to arts programs [1] Grant Programs - The three Power for Good grant programs include Green Region, which is administered by Openlands, and Powering Safe [1]

Core Viewpoint - Exelon Inc. shares are currently trading at $43.34, reflecting a 0.24% decrease, with a 0.52% decline over the past month but a 15.40% increase over the past year, indicating a disparity between short-term and long-term performance [1] Group 1: P/E Ratio Analysis - The P/E ratio is a critical metric for long-term investors, comparing the current share price to the company's earnings per share (EPS), and is used to assess performance against historical data and industry benchmarks [3] - Exelon Inc. has a P/E ratio of 15.57, which is lower than the Electric Utilities industry average of 19.4, suggesting that the stock may be undervalued or expected to perform worse than peers [4] - A low P/E ratio can indicate undervaluation but may also reflect weak growth prospects or financial instability, emphasizing the need for a comprehensive analysis of financial health [6]