Skip to main content

Exelon (US) will separate its regulated and competitive businesses

The US energy group Exelon plans to separate its regulated electric and gas activities from its competitive activities into two publicly traded companies, in order to give each company the strategic and financial independence to focus on its core business strategy.

The group will separate Exelon Generation (SpinCo), its competitive power generation and customer-facing energy branch, from its six regulated electric and gas utilities, namely Atlantic City Electric in southern New Jersey, BGE in central Maryland, ComEd in northern Illinois, Delmarva Power in Delaware and eastern Maryland, Pepco in Washington DC, and central Maryland, and PECO in southeastern Pennsylvania. RemainCo will be the parent company for Exelon’s fully regulated transmission and distribution utilities, delivering electricity and natural gas to more than 10 million customers. SpinCo owns more than 31,000 MW of generating capacity consisting of nuclear, wind, solar, natural gas and hydro assets.

The separation should be completed by early 2022.