Exelon Sees Green-Energy Transition Driving Growth After Spinoff
- Company to spend $29 billion on capital projects through 2025
- ‘We have to be able to get the grid ready,’ Exelon CEO says
Exelon CEO Chris Crane
Photographer: T.J. Kirkpatrick/BloombergThis article is for subscribers only.
Exelon Corp. sees the green-energy transition as a key source of growth after it spins off its power-generation operations next week.
The Chicago-based company plans to spend $29 billion on capital investments through 2025, with much of that aimed at grid modernization and resiliency efforts, Chief Executive Officer Chris Crane said in a Friday interview. Exelon will become a pure-play transmission and distribution utility once its Constellation Energy unit becomes a separate company Feb. 1.