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EXELON CORPORATION (EXC)
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Exelon : BGE Ranks Highest in J.D. Power 2017 Electric Business Customer Satisfaction Study

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12/15/2017 | 06:07pm CET

Baltimore Gas and Electric Company (BGE) ranks highest in overall customer satisfaction among large utilities in the East Region, according to the annual J.D. Power study announced earlier this week.

BGE ranked highest in the survey’s Large Utilities in the East group with a score of 790, more than 38 points above the 11-company average of 752 for electric utility business customers. Companies are ranked on a 1,000-point scale.

The award recognizes BGE’s strong performance in six measures of customer satisfaction: power quality and reliability, corporate citizenship, price, billing and payment, communications and customer service.

“BGE is experiencing a record year in electric reliability, which we know is important to our customers, particularly our business customers who depend on us to help their companies succeed and grow,” said Calvin G. Butler Jr., chief executive officer for BGE. “While we appreciate that our focus on delivering distinctive customer service is being recognized and want to enjoy this moment, we recognize that we must continue to innovate and challenge ourselves to meet our customers’ evolving needs.”

BGE engages its business customers in many ways. Stakeholder meetings, on-site visits and dedicated communication tools complement programs like BGE’s Smart Energy Savers and Smart Energy Economic Development (SEED) initiatives, designed to help businesses of all sizes convert energy savings into business expansion.

Expectations are that for 2017, BGE customers will have experienced the fewest outages on record and when outages did occur, BGE restored power faster than at most times in the company’s 201-year history. While outages are caused by a wide range of factors including weather, BGE is focused on reducing all potential causes through investment in infrastructure upgrades, enhanced maintenance and innovative programs.

BGE is part of the Exelon family of utilities, which include Atlantic City Electric, ComEd, Delmarva Power, PECO and Pepco that share best practices to deliver a premier customer experience.

BGE, founded in 1816 as the nation’s first gas utility, is Maryland’s largest natural gas and electric utility. Headquartered in Baltimore, BGE delivers power to more than 1.25 million electric customers and more than 650,000 natural gas customers in central Maryland. The company’s approximately 3,200 employees are committed to the safe and reliable delivery of natural gas and electricity, as well as enhanced energy management, conservation, environmental stewardship and community assistance. The company also has an estimated annual economic impact of $5 billion of output in its service area, supporting more than 9,500 local jobs and producing $923 million in labor income. BGE is a subsidiary of Exelon Corporation (NYSE: EXC), the nation’s leading competitive energy provider. Like us on Facebook and follow us on Twitter, YouTube and Flickr.


© Business Wire 2017
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Financials ($)
Sales 2017 32 128 M
EBIT 2017 5 098 M
Net income 2017 2 626 M
Debt 2017 33 615 M
Yield 2017 3,24%
P/E ratio 2017 15,80
P/E ratio 2018 14,53
EV / Sales 2017 2,26x
EV / Sales 2018 2,24x
Capitalization 39 145 M
Chart EXELON CORPORATION
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Exelon Corporation Technical Analysis Chart | EXC | US30161N1019 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 42,9 $
Spread / Average Target 5,3%
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Managers
NameTitle
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 Senior VP, Chief Information & Digital Officer
John Washington Rogers Independent Director
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