Exelon Company History Timeline

(2,300 Jobs)
2000

The $31.8 billion merger was officially completed in October 2000.

Exelon Corporation was created as the result of a merger between PECO Energy Company and the Unicom Corporation in October 2000.

In late 2000, PECO Energy Company and Unicom Corporation merged together to form one of the largest energy companies in the nation known as Exelon Corporation.

2000: PECO and Unicom merge to form Exelon Corporation.

Exelon Corporation was formed from the 2000 merger of PECO Energy Company and Unicom Corporation.

2001

While the company claimed that it would meet its projected $4.50 per share earnings for 2001, it instead secured consolidated earnings of $4.43 per share.

2002

Then, in March 2002, co-CEO McNeill announced his resignation amid rumors that he was unable to see eye-to-eye with Rowe on the expansion direction of the company.

2005

On June 30, 2005, the Federal Energy Regulatory Commission approved the merger of Exelon and Public Service Enterprise Group Inc., a New Jersey utility.

2008

In 2008, Christopher Crane was named CEO following Rowe's retirement and the completion of the merger with Constellation Energy.

2014

Exelon announced the proposed purchase of Pepco Holdings, Inc on April 30, 2014, for $6.8 billion in an all-cash transaction.

2015

The merger was rejected by the District of Columbia Public Service Commission in August 2015, though it was approved by other federal and state regulators.

In 2015, Earth Quaker Action Team began a campaign to pressure PECO to expand the solar power it purchases, and to purchase it locally to create jobs.

Founded
2000
Company Founded
Headquarters
Chicago, IL
Company Headquarter

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