---
title: "EXC Exelon"
canonical: "https://supercyclehq.com/stock/exelon"
type: "stock"
dataAsOf: "2026-11-02"
ticker: "EXC"
license: "Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."
disclaimer: "Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI."
---

# Exelon (EXC)

Exelon is the largest pure transmission and distribution utility company in the US.

## AI Exposure Score

**26/100, Peripheral.** Exelon's wires-only utilities, led by ComEd in the Chicago area, have disclosed double-digit gigawatts of data center interconnection requests that are lifting transmission capex plans. The thesis depends on regulated delivery rates rather than power sales, so AI load raises grid investment without selling energy directly to hyperscalers.

## Quote

| Field | Value |
| --- | --- |
| Price (EOD close) | $46.45 |
| Change 1d | +0.63% |
| Change 7d | +4.29% |
| Change 30d | +14.04% |
| Change 1y | +4.23% |
| 52-week high | $49.35 |
| 52-week low | $40.20 |
| Market cap | $48.1B |
| P/E | 18.14 |
| EPS | $2.56 |
| Next earnings | 2026-10-30 |

Quote as of 2026-11-02.

## Company

| Field | Value |
| --- | --- |
| Exchange | NASDAQ |
| Sector | Utilities |
| Headquarters | Chicago, IL |
| CEO | Calvin G. Butler Jr. |
| Employees | 20,000 |
| Website | https://www.exeloncorp.com |
| Buildout layers | [Utilities & Grid](https://supercyclehq.com/category/utilities-grid) |

## What the company does

Exelon is the largest pure transmission and distribution utility company in the US. After spinning off its power generation business, it now runs wires-only utilities: ComEd in northern Illinois, PECO in Philadelphia, BGE in Baltimore, and Pepco in the Washington, DC region. It earns regulated returns on the poles, wires, and substations that deliver electricity.

Data centers connect to Exelon through the grid itself. The company has disclosed double-digit gigawatts of data center interconnection requests, notably around Chicago, and serving that load requires major new transmission investment. Since Exelon does not own generation, AI demand shows up as grid capex and rate-base growth rather than energy sales.

Formed in 2000 and headquartered in Chicago, Illinois, Exelon employs about 20,571 people and trades on the NASDAQ.

## Role in the AI buildout

Exelon sits in the Utilities & Grid layer of the AI buildout. Every AI data center needs a grid connection, and Exelon owns the wires in several major metro areas where that demand is landing, especially Chicago. Interconnection requests measured in double-digit gigawatts are driving its transmission investment plans higher. Because it earns regulated delivery rates rather than selling power to hyperscalers, its AI linkage is indirect, which keeps its Supercycle score in the Peripheral band.

## Tracked investors holding it (13F)

| Investor | Fund | Position value | Portfolio % | Change | Period |
| --- | --- | --- | --- | --- | --- |
| [Ray Dalio](https://supercyclehq.com/investors/ray-dalio) | Bridgewater Associates | $17.1M | 0.07% | increased | 2026-06-30 |

## FAQ

### What does Exelon do?

Exelon delivers electricity and natural gas through regulated utilities including ComEd, PECO, BGE, Pepco, Delmarva Power, and Atlantic City Electric. It owns transmission and distribution infrastructure rather than power plants, earning returns on grid investment through regulated rates.

### How is Exelon exposed to AI?

Data center developers have filed double-digit gigawatts of interconnection requests across its territories, notably in the Chicago area, driving higher transmission capex. Supercycle rates it Peripheral with an AI Exposure Score of 26 out of 100, since it earns delivery rates rather than power sales.

### Does Exelon generate electricity?

No. Exelon spun off its nuclear generation fleet into Constellation Energy in 2022. Today it is a wires-only company: it moves electricity from generators to homes and businesses, which means AI demand reaches it through grid connections rather than power contracts.

### Who leads Exelon?

Calvin Butler serves as CEO. Exelon was formed in 2000 through the merger of PECO Energy and Unicom, is headquartered in Chicago, Illinois, and employs about 20,571 people. It trades on the NASDAQ under the ticker EXC.

### Is EXC a pure play AI stock?

No. Exelon is a regulated grid operator whose AI exposure comes from connecting data centers to its wires. Supercycle places it in the Peripheral tier because delivery revenue grows with grid investment, not directly with AI demand.

---

Source: https://supercyclehq.com/stock/exelon. Data as of 2026-11-02. Prices are end-of-day closes, never live.

Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.

Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset.