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Exelon Announces Executive Leadership Changes, Jeanne Jones Promoted to EVP of Finance and Strategy

Exelon announced several key executive leadership position changes. Mike Innocenzo, Chief Operating Officer of Exelon Corporation and Interim President and CEO of PECO will depart the company in 2027. Jeanne Jones, Chief Financial Officer of Exelon Corporation, will assume the role of Executive Vice President of Finance and Strategy, and report to Exelon President and CEO Calvin Butler. Jones will assume her new role effective Oct. 5. Robert Kleczynski, Senior Vice President, Corporate Controller, Tax, and Principal Accounting Officer of Exelon Corporation, will assume the role of Chief Financial Officer, and report to Jones. Kleczynski will assume his new role effective Oct. 5. Josh Levin, Chief Financial Officer of ComEd, will assume the role of Senior Vice President of Finance of Exelon Corporation and report to Kleczynski. Levin will assume his new role effective Jan. 1, 2027. Andrew Plenge, Vice President of Strategy and Energy Policy at ComEd, will assume the role of Chief Financial Officer of ComEd effective Jan. 1, 2027.

Exelon's ComEd Receives Illinois Approval for New Transmission Line

Exelon's ComEd announced that the Illinois Commerce Commission has approved its proposed plan to construct a new transmission line in DeKalb County to reinforce grid reliability and resilience, meet rising energy demand from businesses and residents in the region and support economic growth. The ICC issued ComEd a Certificate of Public Convenience and Necessity, which authorizes a public utility to construct certain major infrastructure projects following a public review process that evaluates whether the project is needed, appropriately designed, and in the public interest. "We are pleased that the ICC recognized our commitment to seeking input from local governments, landowners and stakeholders and that their views are represented in the proposed routes for the KARE Project," said David Perez, ComEd's executive vice president and COO. "KARE represents the least cost and best fit approach to meeting the growing demand for electricity in the area. It will also help support Illinois' clean energy transition by providing the potential to accommodate the interconnection of renewable energy resources." The KARE Project is the first ComEd transmission line requiring ICC siting approval since the Grand Prairie Gateway, which went into service in 2017 and extends for 60 miles across Ogle, DeKalb, Kane, and DuPage Counties.

Exelon Foundation Adds Public Grid and Buckstop to Portfolio

The Exelon Foundation has added two new companies to its Climate Change Investment Initiative portfolio: Public Grid and Buckstop. The investments reflect Exelon's commitment to supporting solutions that improve affordability, make better use of resources and contribute to a more reliable and sustainable energy future. As electricity demand continues to grow, keeping energy affordable will require innovation across the energy sector. Public Grid is helping connect customers to programs that can lower energy costs, while Buckstop is finding new ways to recover value from existing materials and equipment. Together, they reflect the kinds of practical solutions needed to build a more affordable and sustainable energy future.