What is BGE Exelon?

What is BGE Exelon?

BGE is a subsidiary of Exelon Corporation (NYSE: EXC), the nation’s leading competitive energy provider, with 2014 revenues of approximately $27.4 billion. Like us on Facebook and follow us on Twitter, YouTube and Flickr. About Constellation.

Is BGE owned by Exelon?

BGE remains a subsidiary of Exelon, the nation’s leading utility company with more than 10 million U.S. customers. Of those customers, BGE serves more than 1.3 million electricity customers and 680,000 natural gas customers in central Maryland.

Is BGE a Constellation today?

BALTIMORE (March 24, 2022) — Constellation (Nasdaq: CEG), America’s leading clean energy company, has announced that its Maryland-based home services business, formerly BGE HOME, is changing its name to Constellation Home.

Why did BGE change their name?

Baltimore-based energy company Constellation announced Thursday its Maryland-based home services business is changing its name from BGE Home to Constellation Home. The name change is the result of Constellation’s separation from Exelon on Feb. 1. Constellation Home will remain headquartered in the Baltimore area.

Did the Constellation buy BGE?

Exelon acquired Baltimore’s Constellation Energy Group, the former parent of BGE, for $7.9 billion in 2012. In recent years, energy companies that own both regulated utilities, with more predictable returns, and market-based power generating businesses that can be riskier have looked to spin off the market-based side.

When did Exelon acquire BGE?

2012
Exelon acquired Baltimore’s Constellation Energy Group, the parent of BGE, for $7.9 billion in 2012.

What is BGE company?

BGE is Maryland’s largest electricity provider with more than 1.2 million residential electric customers. The company is also the nation’s first gas provider, with more than 690,000 gas customers. BGE delivers energy reliably and safely, and provides customers with the first-class service they deserve.

Who owns Exelon Generation?

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.

Is Exelon and Constellation the same?

Constellation, a retail and wholesale supplier of power and natural gas, has been headquartered in Baltimore since it was acquired by Exelon in 2012.

Why is Constellation splitting from Exelon?

In confirming the split, Constellation said it would focus on a commitment to a carbon-free future. It said its fleet of nuclear, hydro, wind and solar generation facilities provides 10% of all clean power on the grid in the United States.

Does Exelon own Peco?

​​​We Are the Largest Electric and Natural Gas Utility in Pennsylvania. Based in Philadelphia, PECO is an electric and natural gas utility subsidiary of Exelon Corporation the largest fully regulated utility company in the nation with more than 10 million customers.

What companies does Exelon own?

Exelon is composed of BGE, ComEd, PECO, Atlantic City Electric, Delmarva Power and Pepco and a shared corporate services unit, Exelon Business Services Company. Together we are facing a pivotal, transformational time for the energy industry.

Is Constellation still part of Exelon?

Exelon Completes Separation of Constellation, Moving Forward as Nation’s Premier Transmission and Distribution Utility Company.

What happens to my Exelon stock?

Exelon shareholders will retain their current shares of Exelon stock. Shareholders received one share of Constellation common stock for every three shares of Exelon common stock held at the close of business on January 20, 2022, the record date for the distribution.

Will Exelon stock go up?

Stock Price Forecast The 15 analysts offering 12-month price forecasts for Exelon Corp have a median target of 50.00, with a high estimate of 54.00 and a low estimate of 46.00. The median estimate represents a +12.97% increase from the last price of 44.26.