Careers at Exelon
Exelon’s mission is to be the leading diversified energy company - by providing reliable, clean, affordable and innovative energy products.
Exelon is a provider of energy generation and power marketing services. The firm operates nine reportable business segments – ComEd, PECO, BGE, and Generation’s six segments:
- ComEd – Segment is engaged in the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers in northern Illinois.
- PECO – Segment is engaged in the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers in southeastern Pennsylvania, as well as the purchase and regulated retail sale of natural gas.
- BGE – Segment is engaged in the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers in central Maryland, as well as the purchase and regulated retail sale of natural gas and the provision of natural gas distribution services to retail customers in central Maryland.
- Generation – Segment is engaged in the generation, physical delivery, and marketing of power across multiple geographical regions through its customer-facing business, Constellation, which sells electricity and natural gas to both wholesale and retail customers. Segment also sells renewable energy and other energy-related products and services, and engages in natural gas and oil exploration and production activities (Upstream). Segment has six reportable segments based on geography: Mid-Atlantic, Midwest, New England, New York, ERCOT and Other Power Region.
Exelon’s history is one of many different companies. In 1902 the Philadelphia Electric Company (PE) was incorporated. In 1907 Commonwealth Electric Company merged with Chicago Edison Company to create Commonwealth Edison (ComEd). In 1929 PE merged with United Gas Improvement Company. In 1953 ComEd merged with the Public Service Company of Northern Illinois.
In 1960 ComEd operated the U.S.’s first privately financed commercial nuclear power station. In 1974 it acquired Cotter Corporation. In 1994 PE changed its name to PECO Energy Company. The same year, ComEd became a part of a new holding company, Unicom Corporation. In 2000, PECO merged with Unicom to form Exelon. In 2010s, Exelon merged with Constellation Energy and Pepco.
Benefits at Exelon
Business model of Exelon
Exelon has a mass market business model, with no significant differentiation between customer segments. The company targets its offerings at both retail and wholesale customers.
Exelon offers four primary value propositions: convenience, innovation, risk reduction, brand/status.
The company offers convenience by making life simpler for clients. Specifically, it offers an end-to-end solution, providing services at every stage of the energy business: generation, competitive energy sales, transmission, and delivery.
The company embraces innovation as a part of its culture. It maintains the following initiatives:
Dedicated Innovation Teams – Employee groups that identify and test new technologies based on ideas from both outside and inside the firm.
Exelon Innovation Expo – An ongoing event that connects employees with experts in different fields to share ideas and brainstorm solutions to complex business problems.
Innovation Central Portal – A crowdsourcing website through which employees can submit ideas, locate a virtual innovation group to vet them, and vote on other submitted proposals.
TechEXChange – A technology evaluation platform that connects experts within the company so they can assess new technologies and decide whether to integrate them into the firm’s business.
The company reduces risk by maintaning high safety and quality standards. It states that its power generation fleet is one of the cleanest (energy-wise) and lowest-cost in the nation, including nuclear, natural gas, hydro, wind, and solar. It is in the process of developing zero-emission natural gas plants.
The company has established a powerful brand due to its success. It bills itself as the country’s leading competitive energy provider, with 32,700 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity. It operates in 48 states, D.C., and Canada and had 2015 revenues of $34.5 billion. It serves 10 million natural gas and electric customers through its six utilities. Its Generation segment includes the nation’s largest nuclear fleet and third-largest globally. It holds the following rankings: #1 zero-carbon nuclear energy provider in America and #1 utility firm on the Fortune 500 (#119 overall). Lastly, it has won many honors, including the following:
- Recognition as one of the World’s Most Admired Companies by Fortune (2006 – 2016)
- Recipient of the Jefferson Awards Foundation National Public Service Award (2015
- Recognition as one of Public Utilities Fortnightly's "40 Best Energy Companies" (2006-2014)
- Recipient of Edison Electric Institute Emergency Response Awards (2014)
Exelon’s main channel is its direct sales team. The company promotes its offering through its website, social media pages, and participation in expos, forums, and conferences.
Exelon’s customer relationship is primarily of a self-service, automated nature. Customers utilize its products and services while having limited interaction with employees.
Exelon’s business model entails generating its energy products and delivering its services to customers.
Exelon’s key partners are the suppliers that provide it with the equipment and materials it needs to manage its operations.
Exelon’s main resources are its physical resources, namely the plants and pipelines it uses to generate its energy products.
Exelon has a cost-driven structure, aiming to minimize expenses through significant automation. Its biggest cost driver is cost of goods (fuel, etc.), a variable expense. Other major drivers are in the areas of operation and maintenance, both fixed costs.
Exelon has two revenue streams: revenues it generates from the sales of its energy products and its services to customers.
info: Chris M. Crane earned an undergraduate degree at New Hampshire Technical College and attended Harvard Business School’s Advanced Management Program. He previously served as Chief Operating Officer of Exelon and as Chief Nuclear Officer of ComEd.
info: Paymon Aliabadi earned Master’s degrees in Business Economics, Finance, and Mechanical Engineering at UCLA. He previously served as Principal and Managing Director of Gleam Capital Management and Gunvor Global Energy.
info: Amy E. Best earned a B.A. at the University of Illinois at Urbana-Champaign and an M.S.I.R at Loyola University Chicago. She previously served as VP of HR at Exelon Generation and as Director of HR at Exelon Business Services Company.
info: Darryl Bradford earned a Bachelor’s degree at Grinnell College and a JD at University of Chicago Law School. He previously served as Senior Vice President, Energy and Regulatory Policy and General Counsel for Commonwealth Edison, a subsidiary of Exelon.
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