Exelon Spent $ 11.2 Billion With Various Suppliers From 2016-2020 | Business and finance


CHICAGO – (BUSINESS WIRE) – August 2, 2021–

Exelon spent $ 11.2 billion with various certified vendors across its company from 2016 to 2020, while Exelon’s spending of $ 2.7 billion in 2020 alone supported 19,967 jobs and generated $ 3.6 billion in additional revenue and $ 1.1 billion in salaries for local businesses in communities served by the business. These and other findings are included in the 2020 Exelon Diverse Business Empowerment (EDBE) Annual Report. The expenses covered the entire company, including the six electric and gas utilities of Exelon, Exelon Generation and Constellation.

“One of the best ways to support diversity is to make sure our dollars are spent with companies that reflect the diversity we see in the communities we serve,” said Bridget Reidy, executive vice president and chief executive officer. operation, Exelon, “We strive to apply these same ideals in everything we do, from the way we train our workforce to the investments we make in nonprofit organizations on the all of our service areas. It’s not only the right thing to do, but it also makes us a better, stronger and more responsive company.

Exelon operates in some of the largest and most diverse metropolitan areas in the country, including Baltimore, Chicago, Washington, DC and Philadelphia.

Some more information on Exelon’s diversified spend from the Supplier Diversity Report 2020:

  • Spending for Diversity Certified Suppliers in 2020 was $ 2.7 billion, an increase of $ 346.9 million, or 13%, from 2019
  • 63 percent of the total was spent locally in Exelon’s main operating areas – Illinois, Pennsylvania, Maryland, New Jersey, Delaware, District of Columbia and Texas – where its business is most concentrated
  • 71% of the total expenditure of diversity certified suppliers was made with level 1 subcontractors, which are defined as diversified subcontractors with a direct supply contract with Exelon
  • Level 1 spending in 2020 increased by $ 183 million compared to spending for Level 1 certified diversity vendors in 2019

Click here to access the full 2020 Exelon Diverse Business Empowerment (EDBE) report.

Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the United States Exelon operates in 48 states, the District of Columbia and Canada and has achieved a 2020 revenue of $ 33 billion million customers in Delaware, District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its subsidiaries Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco. Exelon is one of the largest competitive power producers in the United States, with more than 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity, including one of the world’s most electric power plants. cleaner and cheapest in the country. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public and commercial customers, three-quarters of the Fortune 100. Follow Exelon on Twitter @Exelon.



SOURCE: Exelon Corporation

Copyright Business Wire 2021.

PUB: 08/02/2021 12:07 / DISC: 08/02/2021 12:07

Copyright Business Wire 2021.

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