New Year, New Company, Same Commitment to Clean Energy and Equity

2021 was a big year at Exelon. Our team worked hard to keep lights on, houses warm, and infrastructure functional through the ups and downs of multiple climate events. In addition to the services our six utilities provided across our territories, our commitment to equity and a clean energy future supported communities in our footprint and across the country in 2021.

We’re implementing standards to help reduce our overall greenhouse gas emissions and building programs to help our customers do the same.  One of the biggest steps we took to do that: We set a series of carbon-reduction goals, culminating in a Path to Clean initiative launched this year, with a commitment to achieve net-zero operations-driven emissions across our six utilities by 2050.

We also recognize that cleaner transportation options are part of the solution for creating a more sustainable future; it’s why we committed to electrifying half our own vehicle fleet by 2030 and are supporting customers in their own clean energy transitions. A widespread adoption of electric vehicles has incredible potential to combat climate change, and we’re making investments in the grid infrastructure the communities we serve rely on to make that adoption possible. 

Over the next four years, we’re investing $27 billion in electric grid resilience so we’re in the best position possible to meet the demands of a clean energy future. We also were proud to announce this year that we joined the National Electric Highway Coalition, a coalition of 50 investor-owned electric companies, one electric cooperative, and the Tennessee Valley Authority, serving nearly 120 million U.S. electric customers across 47 states and the District of Columbia. Alongside our partners, we’re creating a seamless nationwide network of rapid electric vehicle charging stations connecting major highway systems, stretching from the Atlantic Coast through the Midwest, South and into the Gulf and Central Plains regions. Our partnership with the NEHC will alleviate range anxiety so travelers know they can rely on Electric Vehicles for long-distance trips wherever they need to go.

This year, we made it clear that electrification and a transition to clean energy solutions are core to who we are at Exelon. Equity remains central to our mission as an industry leader, and our values are reflected in our investment and philanthropic priorities. In the year ahead, we’ll be separating from the retail and power generation side of our company, and focusing solely on delivering energy, equity and innovative solutions to the customers and communities we serve. As we reposition as a new standalone company, we’ll continue to demonstrate our commitment to a cleaner, brighter future for us all.