Exelon serves approximately 10 million power and gas customers at its six regulated utilities in Illinois, Pennsylvania, Maryland, New Jersey, Delaware, and Washington, D.C.

Exelon serves approximately 10 million power and gas customers at its six regulated utilities in Illinois, Pennsylvania, Maryland, New Jersey, Delaware, and Washington, D.C.

Exelon Corp. is a gas and electric utility. It is a leading pure-play energy provider with transmission and distribution operations in the U.S. and headquarters in Chicago. Exelon spun off its generation business in 2022, which was about 60% nuclear, as Constellation Energy. Constellation is now a publicly traded company (CEG) focused on generation and competitive distribution, while Exelon focuses on regulated transmission and distribution. Exelon shares were repriced as a result of this separation. As of the beginning of 2025, Exelon has about 9.2 million electric customers and 1.4 million gas customers through its six regulated utility subsidiaries. Its service regions are primarily in central Maryland (Baltimore Gas & Electric Co.), northern Illinois (ComEd), and southeastern Pennsylvania (PECO). Revenues in 2024 were about $23 billion. Of 2024 adjusted operating earnings, about 45% were from ComEd and 30% from PHI. The company aims to cut emissions by 50% by 2030 and to achieve net-zero emissions by 2050. The shares are a component of the S&P 500. Exelon's market cap is about $43 billion.

After the much-higher close on Monday, the S&P 500 (SPX) was higher by 4.6% in seven days and between 1.1% and 2.1% on three of those days. The index has broken its steep downtrend off the February 19 high and has retraced a bit more than 38.2% of the decline. On Monday, the index closed right at a piece of chart resistance that begins at 5,773 (the intraday low on January 13). There is a major cluster of resistance for the SPX between 5,750 and 5,825. It includes the slightly rising 200-day average and the declining 21-day exponential, both of which have been recaptured; a 38% and 50% retracement of the decline; and the closing and intraday breakdown levels from January 12 and 13. Above that, the falling 21-week exponential moving average (EMA) is at 5,854 and a 61.8% retracement as well as the declining 50-day average are up near 5,900. Preliminary volume was light on the SPY (SPDR S&P 500 ETF Trust) and the QQQ, so Monday was not one of the accumulation days we need. The SPX is close to a five-day/13-day EMA bullish crossover, which would reverse the bearish cross on February 21 when the index was still over 6,000. The QQQ is also close to getting a five-day/13-day EMA bull cross. So while more is needed, the market is off to a good recovery start.