EXELON Corporation
Exelon Corporation is a Pennsylvania corporation, incorporated in February 1999, with its principal executive offices at 10 South Dearborn Street, Chicago, Illinois. The company trades on the Nasdaq Global Select Market under the ticker symbol EXC, having moved its listing there from the New York Stock Exchange in September 2019.
Exelon Corporation is a utility services holding company. Following the February 1, 2022 spin-off of its former competitive power generation and energy business, Exelon Generation Company, LLC (renamed Constellation Energy Corporation), the company now operates exclusively as a regulated electric and gas transmission and distribution business. It owns six fully regulated utilities β Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company and Atlantic City Electric Company β that together deliver electricity and, in some service territories, natural gas to approximately 10 million customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.
For fiscal year 2025, the company reported GAAP net income of $2.73 per share and adjusted (non-GAAP) operating earnings of $2.77 per share, and it has guided to adjusted operating earnings of $2.81 to $2.91 per share for 2026, alongside a four-year, $41.3 billion capital-expenditure plan for its utilities through 2029. On August 25, 2026, Exelon Corporation announced a leadership transition effective October 5, 2026, under which Chief Financial Officer Jeanne Jones becomes Executive Vice President of Finance and Strategy and Senior Vice President, Controller and Tax Robert A. Kleczynski succeeds her as Chief Financial Officer.
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Shareholders
5
Exelon Corporation is a Nasdaq-listed public company (ticker: EXC) with a widely dispersed shareholder base. Its 2026 definitive proxy statement, filed with the U.S. Securities and Exchange Commission on March 18, 2026, discloses three beneficial owners of more than 5% of its outstanding common stock: The Vanguard Group, Inc. (approximately 124.3 million shares, 12.42%), BlackRock, Inc. (approximately 90.7 million shares, 9.00%) and State Street Corporation (approximately 62.6 million shares, 6.30%). These are registered investment advisers holding shares across numerous client accounts and index funds rather than as a single controlling investor; Vanguard and BlackRock report most of their positions under sole dispositive power, while State Street reports its position under shared voting and dispositive power. The company profile card additionally lists smaller, fund-level holdings (specific Vanguard, iShares/BlackRock, Fidelity and Washington Mutual Investors Fund/Capital Group vehicles, each below 3.5%) that are consistent with, and appear to form part of, these larger institutional positions rather than separate, independent shareholders.
No ultimate beneficial owner is identified for Exelon Corporation. Its recorded major shareholders are institutional asset managers acting in a fiduciary and investment-management capacity on behalf of their own fund investors and clients, not as beneficial owners exercising control, and no individual has been identified as meeting a beneficial-ownership or control threshold under SEC disclosure rules.
Disclosure for Exelon Corporation is best described as major shareholders only: SEC rules require disclosure of holders of more than 5% of outstanding stock, but the company’s complete shareholder register, including smaller retail and institutional holders, is not publicly published. The 5%-owner figures above are dated to the 2026 proxy statement (filed March 18, 2026); the fund-level holdings on the profile card carry a separate information date of approximately September 2026.
Registry feed — rows exactly as filed with the source register, including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| VANGUARD INDEX FUNDS-Vanguard Mid-Cap Index Fund | 3.5% | ||
| iShares Trust-iShares Core S&P 500 ETF | 2% | ||
| Fidelity Concord Street Trust-Fidelity 500 Index Fund | 2% | ||
| iShares Trust-iShares Core S&P 500 ETF | 2% | ||
| WASHINGTON MUTUAL INVESTORS FUND | 1.7% |
Officers
22
Exelon Corporation’s most recently disclosed executive officers, per its annual proxy statement and subsequent SEC filings, include Calvin G. Butler Jr. as President and Chief Executive Officer, Michael A. Innocenzo as Executive Vice President and Chief Operating Officer, Jeanne Jones as Executive Vice President and Chief Financial Officer, Colette D. Honorable as Chief Legal Officer and Corporate Secretary, David Glockner as Executive Vice President of Compliance, Audit and Risk, and Robert A. Kleczynski as Senior Vice President, Controller and Tax and Principal Accounting Officer. All are listed as active in their roles as of the company’s most recent public disclosures.
On August 25, 2026, Exelon Corporation announced a leadership change effective October 5, 2026: Jeanne Jones moves from Chief Financial Officer to the newly created role of Executive Vice President of Finance and Strategy, and Robert A. Kleczynski succeeds her as Chief Financial Officer, reporting to Jones. A related change was also announced for Josh Levin, Chief Financial Officer of subsidiary ComEd, who becomes Senior Vice President of Finance of Exelon Corporation, reporting to Kleczynski, effective January 1, 2027.
Exelon Corporation is incorporated and headquartered in the United States, and neither its SEC filings nor its official announcements disclose the nationality or country of residence of its executive officers; these fields are treated as not disclosed rather than inferred from names or business addresses. The company’s profile card lists a larger set of registry-sourced officer records, several of which contain incomplete or evidently corrupted name fields (for example, entries that appear to combine a person’s name with a job-title fragment) that could not be independently verified against any authoritative source; those specific entries have therefore been excluded from this overview rather than repeated.
Registry feed — rows exactly as filed with the source register, including entries the profile above does not cover.
Group Structure
Exelon Corporation is a Nasdaq-listed public company and is not a subsidiary of any other corporate entity; no immediate or ultimate parent company has been identified for it. It functions as the top-level holding company for a group of regulated utility operating companies.
Based on Exelon Corporation’s SEC filings, its subsidiaries include Commonwealth Edison Company (ComEd), PECO Energy Company (PECO) and Baltimore Gas and Electric Company (BGE), whose shares are held indirectly through Exelon Energy Delivery Company, LLC, a wholly owned intermediate holding subsidiary of Exelon Corporation, and Pepco Holdings LLC, a wholly owned subsidiary of Exelon Corporation that in turn indirectly holds the entire equity interests of Potomac Electric Power Company (Pepco), Delmarva Power & Light Company and Atlantic City Electric Company. Per the company’s most recent share-count disclosures, these operating utilities are wholly (100%) owned, directly or indirectly, by Exelon Corporation. All identified group entities are organized in the United States.
A significant historical structural change occurred on February 1, 2022, when Exelon Corporation completed the spin-off of Exelon Generation Company, LLC, its former competitive power generation and energy business, which was renamed Constellation Energy Corporation and became an independent, separately Nasdaq-listed public company. Constellation Energy Corporation is no longer part of the Exelon Corporation group.
Corporate-linkage information for Exelon Corporation’s major regulated-utility subsidiaries is best described as full, based on verifiable SEC filings and official company disclosures, even though the profile card’s automated group-structure data did not identify any of these relationships as of the current information date.
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Frequently Asked Questions
What does EXELON Corporation do?
Exelon Corporation is a U.S. utility holding company that owns six fully regulated electric and gas transmission and distribution utilities β ComEd, PECO, BGE, Pepco, Delmarva Power and Atlantic City Electric β serving approximately 10 million customers in Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.
Who owns EXELON Corporation?
Exelon Corporation's 2026 proxy statement discloses three shareholders each holding more than 5% of its common stock: The Vanguard Group (12.42%), BlackRock, Inc. (9.00%) and State Street Corporation (6.30%).
Who is EXELON Corporation's UBO (Ultimate Beneficial Owner)?
No ultimate beneficial owner is identified for Exelon Corporation because its largest recorded shareholders are institutional asset managers holding shares in a fiduciary capacity rather than as controlling owners.
Is EXELON Corporation still an active company?
EXELON Corporation's status is listed as active.
When was EXELON Corporation incorporated?
EXELON Corporation was incorporated on 3 February 2009.
What is EXELON Corporation's registered address?
The registered address on file for EXELON Corporation is Chicago, United States.
What legal structure is EXELON Corporation registered as?
EXELON Corporation is registered as a Private limited company (Ltd.) in United States.
What is EXELON Corporation's revenue?
For fiscal year 2025, Exelon Corporation reported GAAP net income of $2.73 per share and adjusted operating earnings of $2.77 per share, and it has guided to adjusted operating earnings of $2.81 to $2.91 per share for 2026.
Is EXELON Corporation listed on a stock exchange?
Exelon Corporation trades on the Nasdaq Global Select Market under the ticker symbol EXC, having moved its listing there from the New York Stock Exchange in September 2019.
Who are the officers/directors of EXELON Corporation?
Exelon Corporation's executive officers include President and CEO Calvin G. Butler Jr., CFO Jeanne Jones and Chief Legal Officer Colette D. Honorable, with a leadership transition effective October 5, 2026 under which Robert A. Kleczynski becomes Chief Financial Officer.
Does EXELON Corporation have a parent company or subsidiaries?
Exelon Corporation is the top-level parent of regulated utilities ComEd, PECO, BGE, Pepco, Delmarva Power and Atlantic City Electric, and is not itself a subsidiary of any other company; its former generation business, Constellation Energy Corporation, was spun off as an independent public company on February 1, 2022.
Can Zavia monitor changes to EXELON Corporation's ownership over time?
This profile reflects a point-in-time snapshot. Zavia's monitoring API can track changes to EXELON Corporation's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access EXELON Corporation's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including United States, so records like EXELON Corporation's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.