Exelon Applauds Trump Administration’s Goal of Building a More Affordable and Reliable Electricity Supply for Our Customers

CHICAGO – Exelon one of the nation’s largest utility companies, today applauded the Trump administration and state leaders for their announcement seeking to make energy more affordable, and vowed to continue fighting for affordability while delivering safe and reliable energy for our customers.

Exelon, the parent of local utility companies Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco, agrees with the National Energy Dominance Council and governors urging an extension of the current capacity market price cap. That cap has and would continue saving customers tens of billions of dollars across PJM. The company will continue our work with FERC and PJM and our states on how best to bring new generation online – through emergency backstop procurement or otherwise – and to ensure that our customers are protected from paying for data center energy supply costs.

In response to today’s announcement, Exelon President and CEO Calvin Butler said:

“Unless we solve this energy supply crisis, our customers will continue facing high supply costs and increasing reliability risk. It is not acceptable for Americans to face the threat of blackouts in the 21^st Century because energy supply is not being built to keep up with demand. Providing safe, reliable energy while keeping bills as low as possible defines the promise utility companies make to our communities.”

“When the check-engine light is on in your car, you get it serviced, and today’s announcement is an important step in delivering the maintenance our power system needs as data center growth continues to accelerate. We share the concerns of our customers, governors, and the Trump administration over high supply costs and increased reliability risk, and vow to continue fighting to solve this crisis.

“In the short-term, we are providing an additional $10 million in relief for customers through our first-of-its-kind Customer Relief Fund, bringing our total contribution to the Fund to $60 million to help customers in our service areas struggling with high energy costs. The Fund is in addition to our year-round customer assistance programs, bill management tools, and energy efficiency initiatives totaling more than $1.4 billion.

“But the high energy supply costs our customers face demand long-term solutions. This is the kind of early action needed to move beyond 20th-century approaches and toward modern energy solutions that meet today’s demands. Exelon is continuing our all-of-the-above efforts in states to address the insufficient energy supply and increasing demand at the heart of high energy supply costs through utility-generated power.”