Exelon Mulling $3 Billion in New Investments Over 5 Years

Exelon Corp., owner of utilities that supply power to Chicago and Philadelphia, may invest as much as $3 billion during the next five years in natural gas exploration, solar farms and other projects as it seeks businesses to boost growth.

Exelon has a “small but growing portfolio” of gas holdings in the Haynesville and Barnett shale regions of Louisiana and Texas, Chief Executive Officer Christopher Crane said in a phone interview today. “It’s not large in comparison to our other spends, but we like the returns and the market intelligence it gives us.”