CHICAGO --(BUSINESS WIRE)--
Exelon was named one of Fortune’s 2017 World's Most Admired Companies, marking the 11th consecutive year that the company has made the list.
Exelon ranked particularly well for its quality of products and services, social responsibility and people management.
“This distinction reflects our continued operational and financial progress in 2016, with all of our utilities achieving best-on-record or best-in-class operating performance on metrics, including service reliability and customer satisfaction,” said Chris Crane, president and CEO of Exelon. “As a result of our continued growth and investment to create a clean, affordable, next-generation energy grid we became the only company in our sector listed on the Fortune 100. Credit for our continued success belongs to our 34,000 employees and their dedication to providing clean, safe, reliable energy nationwide.”
The Most Admired list has served as a report card on corporate reputations since its founding in 1997. To determine the annual ranking, Fortune and partner Korn Ferry Hay Group survey financial analysts and leaders from non-U.S. companies in Fortune’s Global 500 that have revenues of $10 billion or more and the 1,000 largest U.S. companies to identify the businesses that enjoy the highest standings within their industries. Korn Ferry Hay Group asks executives, directors and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent.
Exelon’s merger with Pepco Holdings in March made it the largest company by revenue in the utility sector and the largest utility in the United States by customer count.
Exelon is a leader in the pursuit of new technology, partnering with top universities, national labs, government agencies, venture capitalists and private equity firms to unleash innovations with the potential to transform the industry, spur clean energy options and provide greater benefits to customers.
Exelon and employees across its family of companies are also known for their dedication to giving back. In 2016 Exelon companies and the Exelon Foundation donated more than $46 million to nonprofits – the largest amount ever. Employees served more than 170,000 hours of community service, as well.
Exelon also furthered its commitment to diversity and inclusion in 2016 by expanding its family leave policy and joining over 100 likeminded companies in signing the White House Equal Pay Pledge. In addition, the company has increased spending with women- and minority-owned businesses by more than 200 percent since 2011 to reach $1.9 billion in 2016.
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company with the largest number of utility customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver electricity and natural gas to approximately 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. Exelon is one of the largest competitive U.S. power generators, with more than 32,700 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2.5 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Follow Exelon on Twitter @Exelon.
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