Exelon Foundation and Exelon Corp. Launch $20 million Climate Change Investment Initiative
Investments will target startups developing technologies to address climate change in Atlantic City, Baltimore, Chicago, Philadelphia, Washington, D.C., and Wilmington, DE
The initiative was formally announced at a clean-energy forum hosted by The Climate Group as part of Climate Week NYC. Held annually in conjunction with the
UN General Assembly
Climate Week NYC is a joint initiative of the UN and the city of New York that brings together business, government and institutional leaders to discuss climate-change actions.
CHICAGO — The Exelon Foundation and Exelon Corporation (Nasdaq: EXC), the nation’s largest generator of carbon-free energy and the only electric and gas utility in the Fortune 100, today launched a new
$20 million Climate Change Investment Initiative (2c2i)
to cultivate startups working on new technologies to reduce greenhouse gas emissions and mitigate climate change.
The initiative will base its search and selection process on the following criteria:
• The startup must be doing work that will benefit one or more of Exelon’s six major urban markets: Atlantic City, Chicago, Baltimore, Philadelphia, Washington, D.C., and Wilmington, DE.
• Innovations must have potential to either:
◦ Mitigate greenhouse gas emissions;
◦ Boost the resiliency of urban infrastructure (e.g., the power grid, transportation systems, buildings, vacant land) against flood, stormwater and rising temperatures;
◦ Help cities, businesses and communities adapt to climate change; or
◦ Help achieve a state or city’s specific sustainability and climate goals.
• Minority and women-owned businesses will receive particular consideration.
• Minority and women-owned businesses will receive particular consideration.
• Minority and women-owned businesses will receive particular consideration.
• Minority and women-owned businesses will receive particular consideration.
• Minority and women-owned businesses will receive particular consideration.
CEO of the Week: Christopher M. Crane of Exelon
Christopher M. Crane is president and CEO of Chicago-based Exelon Corp., an energy provider that does business in 48 states, the District of Columbia and Canada. Its family of companies include Exelon Generation, one of the largest U.S. power generators, with more than 32,700 megawatts of owned capacity; Constellation, which provides energy products and services to roughly 2 million residential, public sector and business customers; and Exelon’s six utilities, which deliver electricity and natural gas to roughly 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries.
Education: New Hampshire Technical College, BA;
Harvard Business School’s Advanced Management Program
Former Exelon exec Pramaggiore has left multiple high-profile local boards
Ironically, Anne Pramaggiore's exit earlier this year from gold-plated boards like the Art Institute and Northwestern Memorial Hospital was because her 2018 promotion at Exelon had stretched her too thin. Now, she's gone from Exelon altogether.
https://www.chicagobusiness.com/utilities/former-exelon-exec-pramaggiore-has-left-multiple-high-profile-local-boards
Exelon faces SEC, attorney’s office probes on lobbying activities
The Securities and Exchange Commission recently notified investor-owned Exelon and its Commonwealth Edison subsidiary that it has opened an investigation into their lobbying activities.
News of the SEC investigation, which Exelon and ComEd disclosed in a 10-Q reported filed at the SEC, follows on the heels of Exelon and ComEd receiving a grand jury subpoena in the second quarter of 2019 from the U.S. Attorney’s Office for the Northern District of Illinois requiring production of information concerning their lobbying activities in the State of Illinois.
In an October 4 filing with the SEC, Exelon and ComEd said they received a second grand jury subpoena from the U.S. Attorney’s Office for the Northern District of Illinois that required production of records of any communications with certain individuals and entities, including Illinois State Senator Martin Sandoval.
https://www.publicpower.org/periodical/article/exelon-faces-sec-attorneys-office-probes-lobbying-activities