Press release
Exelon Advocates for Low-Income Customers; Urges Congress to Increase LIHEAP Funding
Company’s six utilities participate in National LIHEAP Action Day meetings sponsored by the National Energy & Utility Affordability Coalition (NEAUC)
About this update from Exelon Corporation
[{"type":"text","content":"\nCompany’s six utilities participate in National LIHEAP Action Day meetings sponsored by the National Energy & Utility Affordability Coalition (NEAUC)\n\n CHICAGO--(BUSINESS WIRE)--\nExelon Corporation (Nasdaq: EXC) today urged Congress to fund the Low-Income Home Energy Assistance Program (LIHEAP) at the highest level possible. This increase would further help ensure home heating and cooling needs are met for more than 6 million American households struggling financially and challenged with paying their energy and other bills.\n\nAdvocacy during the all-virtual National LIHEAP Action Day, sponsored by the National Energy & Utility Affordability Coalition (NEAUC), was led by representatives from Exelon's six utilities—Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco—and dozens of other companies. In 2021, eligible households across the country received $8 billion in LIHEAP funding as a result of an additional $4.5 billion provided by the American Rescue Plan. However, those additional funds will expire in September 2022.\n\n\"Exelon strongly supports LIHEAP – an invaluable safety net for customers – and we hope Congress will provide as much funding as possible to aid those who are uncertain if they'll be able to pay their home energy bills,\" said Calvin Butler, Exelon chief operating officer and senior executive vice president. \"Congress cannot risk scaling back a lifeline to so many: energy insecure families, older Americans, individuals with disabilities, and children – especially at a time when the cost of everyday necessities continues to move farther out of reach for our most vulnerable neighbors.\"\n\nLast year, Exelon's utilities connected more than 650,000 customers to $430 million in energy assistance, including LIHEAP funding. A quarter of Exelon's 10 million customers have income below the maximum level allowed under the expanded LIHEAP (200 percent of the federal poverty level). Many also are undocumented individuals, new immigrants and non-English speakers who are more difficult to reach with this important information.\n\nExelon recognizes that sustained access to a financial backstop–and an innovative approach to getting the word out about that assistance—helps customers prevent disconnection of service, helps families maintain safe and stable housing, and restores dignity by helping customers...