Exelon Energy Transformation Centered on Diversity, Equity and Inclusion
Exelon’s diverse spend announcement is the latest in a host of commitments in recent years to ensure the economic and environmental benefits of a clean energy future are accessible for all communities. From investments in the reliability and resilience of the grid to programs that provide family-sustaining jobs and opportunities for the next generation of leaders, Exelon supports those who traditionally have less access to resources and opportunities.
“As the energy landscape evolves, one of the most important jobs I have as CEO is leading that transformation in a way that is just and equitable,” said
Exelon serves some of the nation’s largest and most ethnically diverse metropolitan areas – including
HBCU Scholars program
Exelon Foundation HBCU Corporate Scholars Program provides students who attend historically Black colleges and universities (HBCU) with four years of scholarship assistance, opportunities for summer internships and early career readiness support to help prepare them for rewarding careers at Exelon and within the energy industry.
The scholarships, valued at nearly
$2.4 million, provide 24 students with $100,000– or $25,000per year for four years – and are administered by the United Negro College Fund. Students who live in the company’s service areas are eligible to apply.
Baltimore Gas and Electric(BGE) also recently announced its recommitment to supporting HBCUs. The company’s investment represents an additional $3 million, divided into $1 millioneach, to Bowie State, Coppin State and Morgan State Universities over the next four years. The funding will continue to support scholarships, persistence grants and research, all while student scholars continue benefitting from mentoring, career and professional development opportunities and summer internships at BGE.
Atlantic City Electric, Delmarva Powerand Pepco provided $1.2 millionto four HBCUs and five local community colleges in D.C., Delaware, Marylandand New Jerseysupporting local scholarships, teacher training and the development of curriculum geared toward educating the next generation of the energy workforce. An additional $7.6 millionhas been committed to support HBCUs in these regions over the next three years.
Thus far, the fund has invested
$1 millionin Sweeten, a Black woman-owned software company known for bringing trust, transparency and data-driven decision-making to the construction industry and $250,000in Aging & Diverse Home Healthcare Services, a Black women-owned home healthcare provider in Philadelphia.
The Exelon Foundation’s
This summer, the company will hold the sixth annual academy in
Chicago, Philadelphiaand Baltimore/Washington, D.C.In the last five years, the Academy has inspired more than 820 girls.
STEM Academy Scholarship
Alumnae from the
Seven girls received the scholarship in 2021, with nine more awarded the funds in 2022. The total value of the scholarships for each of the cohorts is approximately
- 14 scholars are confirmed for internships at Exelon and its local energy companies for summer 2023.
In 2022, Exelon continued its efforts to support the growth and development of local diverse suppliers in our communities through the Exelon Foundations Program and the Exelon Empowerment Academies.
The Exelon Foundations Program is a capacity-building program designed to grow minority businesses in Exelon’s footprint through partnerships with affiliates of the
National Minority Supplier Development Council, including the Eastern Minority Supplier Development Counciland the Capital Region Minority Supplier Development Program.
- The Empowerment Academies is a diverse supplier development program designed to educate and coach diversity-certified businesses on how to compete for contract opportunities, as well as provide direct access to Exelon leaders who are committed to growing diverse partnerships. Thirty-seven local businesses are participating in this year’s Empowerment Academies program.
Exelon has more than 80 unique workforce development programs across its six energy companies, designed to bring economic equity, empowerment and employment opportunities to under-resourced communities. Exelon has received, for the second year in a row, the Center for Workforce Development’s Chairman’s Award, which recognizes a company for excellence in workforce development leadership.
- Since 2019, the company has helped more than 1,400 people obtain family-supporting jobs, either internally or externally with company contractors.
Illinois, ComEd launched the CONSTRUCT Infrastructure Academyin 2013. Since the program’s creation, more than 700 students have graduated from the program.
Pepco created its own training program with the
D.C. Infrastructure Academy(DCIA). Since 2018, more than 196 District residents have graduated and been offered jobs. A similar program was just launched in New Jerseywhere Atlantic City Electricand the City of Atlantic Citycelebrated the graduation of the AC Infrastructure Program’s first cohort of 26 City residents in February.
Through BGE’s Corporate Community Impact department, more than 160 participants have graduated from the BGE Workforce Collaborative program since 2019, with 80% receiving jobs earning on average
(Nasdaq: EXC) is a Fortune 200 company and the nation’s largest energy delivery company, serving more than 10 million customers through six fully regulated transmission and distribution utilities —
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