EXELON CORP
For the period ended Dec 31, 2024. Filed Feb 12, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 12, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Employees
The Registrants strive to create a diverse workforce and an inclusive workplace so that they can innovate, grow, and meet the needs of their employees, customers, and community. Therefore, the Registrants take steps to attract, develop, and retain highly qualified talent with a broad range of skills, expertise, and backgrounds who reflect the communities they serve. The Registrants strive to foster an environment where all employees are engaged, feel a sense of belonging and can pursue their full potential – providing comprehensive employee development opportunities to build the skills of their workforce and create high performing teams. Employee well-being and safety are a priority. The Registrants provide a full suite of wellness benefits targeted at supporting work-life balance, physical, mental, and financial health, and industry-leading paid leave policies.
The Registrants typically conduct an employee engagement survey every other year to gain feedback from employees, help identify organizational strengths, and help identify areas of opportunity for growth. The survey results are reviewed with senior management and the Exelon Board of Directors.
Diversity Metrics
The following tables show diversity metrics for all employees and management as of December 31, 2024. Management is defined as executive/senior level officials and managers as well as all employees who have direct reports and/or supervisory responsibilities.
| Employees | Exelon(c) | ComEd | PECO | BGE | PHI(d) | Pepco | DPL | ACE |
|---|---|---|---|---|---|---|---|---|
| Female(a) | 5,651 | 1,605 | 793 | 845 | 1,345 | 339 | 135 | 104 |
| People of Color(a) | 8,370 | 2,791 | 1,093 | 1,359 | 1,948 | 866 | 236 | 157 |
| Aged <30 | 2,341 | 784 | 429 | 379 | 440 | 140 | 95 | 61 |
| Aged 30-50 | 11,348 | 3,963 | 1,633 | 1,993 | 2,375 | 751 | 500 | 351 |
| Aged >50 | 6,325 | 1,800 | 993 | 1,037 | 1,463 | 424 | 328 | 196 |
| Total Employees(b) | 20,014 | 6,547 | 3,055 | 3,409 | 4,278 | 1,315 | 923 | 608 |
| Management | Exelon(c) | ComEd | PECO | BGE | PHI(d) | Pepco | DPL | ACE |
|---|---|---|---|---|---|---|---|---|
| Female(a) | 1,173 | 253 | 137 | 155 | 254 | 56 | 13 | 18 |
| People of Color(a) | 1,314 | 368 | 143 | 202 | 319 | 117 | 35 | 31 |
| Aged <30 | 23 | 8 | 2 | — | 8 | 3 | 1 | 1 |
| Aged 30-50 | 2,056 | 554 | 209 | 337 | 457 | 114 | 69 | 44 |
| Aged >50 | 1,400 | 377 | 164 | 170 | 282 | 64 | 45 | 40 |
| Total Employees in Management(b) | 3,479 | 939 | 375 | 507 | 747 | 181 | 115 | 85 |
(a)Information concerning women and people of color is based on self-disclosed information.
(b)Total employees represents the sum of the aged categories.
(c)Exelon includes individuals employed by BSC in addition to those employed by ComEd, PECO, BGE, and PHI. Exelon Corporate does not employ any individuals.
(d)PHI includes individuals employed by PHISCO in addition to those employed by Pepco, DPL, and ACE.
Turnover Rates
As turnover is inherent, management succession planning is performed and tracked for all executives and critical key manager positions. Management frequently reviews succession planning to ensure the Registrants are prepared when positions become available.
The table below shows the average turnover rate for all employees for the last three years of 2022 to 2024.
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
|---|---|---|---|---|---|---|---|---|
| Retirement Age | 2.80% | 3.38% | 3.10% | 2.16% | 2.48% | 2.19% | 2.86% | 2.92% |
| Voluntary | 3.00% | 2.64% | 2.65% | 2.06% | 3.15% | 3.43% | 1.61% | 2.81% |
| Non-Voluntary | 1.00% | 0.87% | 1.37% | 1.06% | 1.16% | 1.77% | 0.62% | 0.70% |
Collective Bargaining Agreements
Approximately 43% of Exelon’s employees participate in CBAs. The following table presents employee information, including information about CBAs, as of December 31, 2024.
| Total Employees Covered by CBAs | Number of CBAs | CBAs New and Renewed in 2024(a) | Total Employees Under CBAs New and Renewed in 2024 | |
|---|---|---|---|---|
| Exelon | 8,549 | 10 | 3 | 851 |
| ComEd | 3,553 | 2 | — | — |
| PECO | 1,462 | 2 | — | — |
| BGE | 1,485 | 1 | — | — |
| PHI | 2,045 | 5 | 3 | 851 |
| Pepco | 818 | 1 | — | — |
| DPL | 633 | 2 | 2 | 633 |
| ACE | 395 | 2 | 1 | 26 |
| Corporate(b) | 203 | — | — | 192 |
(a)Does not include CBAs that were extended in 2024 while negotiations are ongoing for renewal.
(b)Corporate represents employees employed by BSC or PHISCO.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.