BGE is committed to ensuring a seamless transition and positive customer experience throughout the process and beyond
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BGE’s parent company, Exelon Corporation, announced plans on Feb. 24, 2021, to separate its utilities business and competitive power generation and sales businesses into two publicly traded companies with the resources necessary to best serve customers and sustain long-term investment and operating excellence.
What does this mean to BGE customers? It won’t change our commitment to delivering clean, safe, reliable, affordable energy. BGE’s name remains the same and there are no changes to service or billing. We will be working to ensure seamless transition and positive customer experience, and we will keep customers informed throughout the process.
“Just as the separation of Exelon into two companies will allow each company to focus on their own distinct business strategies, BGE will continue to focus on our Smart Energy Vision [strategic plan] and on meeting the unique needs of customers and communities across our footprint,” BGE CEO Carim Khouzami said in a message to BGE employees the day of the announcement. “We will be demonstrating to our customers and communities that while the structure of our parent business may be changing, our commitment to safety, reliability, environmental sustainability, energy affordability and community support will not.”
Exelon’s fully regulated transmission and distribution utilities deliver electricity and natural gas to more than 10 million customers and consistently rank in the top quartile or higher for grid reliability and other key performance metrics, making them among the best-run utilities in the nation. A new parent company will own these six utilities. They include BGE, Atlantic City Electric in southern New Jersey, ComEd in northern Illinois, Delmarva Power in Delaware and eastern Maryland, Pepco in Washington, D.C., and parts of central Maryland, and PECO in southeastern Pennsylvania.
Exelon is targeting to complete the separation in the first quarter of 2022.
More information is available at exeloncorp.com/separationfacts.