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Exelon Generation : Helps Fund New Building, Scholarships and STEM Programs at University of Illinois-Chicago

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06/23/2017 | 07:01pm CEST

$300,000 signature donation to benefit aspiring Illinois scientists, engineers and innovators as UIC enrollment surges

Exelon Generation is granting $300,000 over five years to the University of Illinois-Chicago to attract and develop the next generation of Illinois engineers and scientists. The grant will fund UIC scholarships, help underwrite construction of a new computer sciences building by 2021, and continue a summer program to help qualified high school students from underserved Chicago communities prepare for college-level engineering courses.

“Our enrollment has doubled since 2005, and we expect it to increase by another 50 percent by 2025,” said Peter Nelson, dean of UIC’s College of Engineering. “Exelon’s generous gift will significantly help us to continue to provide access to excellence for future engineering students.”

Exelon Generation is fulfilling a prior $50,000 pledge and will provide an additional $250,000 in contributions over the next five years.

“Helping UIC grow is good for our company and our communities,” said Bryan Hanson, Exelon Generation’s chief nuclear officer. “In the past three years alone, we have hired almost 100 UIC students for full-time positions and internships. It’s part of our commitment to inspiring, developing and hiring the best and brightest talent that reflects the diverse communities we serve.”

Since 2014, Exelon Generation and ComEd have been partnering with UIC’s Chance Program and the College of Engineering on a summer STEM program that introduces qualified high school students from underserved communities to college-level engineering courses. The program, which assists nearly two dozen students each year, also helps deserving high school students get access to scholarships, internships and full-time Exelon positions.

Exelon Generation, a subsidiary of Exelon Corporation (NYSE: EXC), is one of the largest, most efficient clean energy producers in the U.S., with a generating capacity of more than 33,300 megawatts. Exelon Generation operates the largest U.S. fleet of carbon-free nuclear plants with 20,200 megawatts of capacity from 23 reactors at 14 facilities in Illinois, Maryland, New Jersey, New York and Pennsylvania. Exelon Generation also operates a diverse mix of wind, solar, landfill gas, hydroelectric, natural gas and oil facilities in 16 states with more than 13,100 megawatts. Exelon Generation has an industry-leading safety record and is an active partner and economic engine in the communities it serves by providing jobs, charitable contributions and tax payments that help towns and regions grow. Follow Exelon Generation on Twitter @ExelonGen and @ExelonNuclear, view the Exelon Generation channel on YouTube, and visit: http://www.exeloncorp.com/companies/exelon-generation.

© Business Wire 2017
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Financials ($)
Sales 2017 32 633 M
EBIT 2017 5 179 M
Net income 2017 2 575 M
Debt 2017 31 497 M
Yield 2017 3,59%
P/E ratio 2017 13,37
P/E ratio 2018 12,61
EV / Sales 2017 2,00x
EV / Sales 2018 1,98x
Capitalization 33 803 M
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Exelon Corporation Technical Analysis Chart | EXC | US30161N1019 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 39,5 $
Spread / Average Target 8,1%
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Christopher M. Crane President, Chief Executive Officer & Director
Mayo A. Shattuck Independent Chairman
Jonathan W. Thayer Chief Financial Officer & Senior Executive VP
Michael R. Koehler Chief Information & Digital Officer
John Washington Rogers Independent Director
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