Atlantic City Electric
Atlantic City Electric Company is a regulated electric utility providing electric transmission and distribution services to approximately 560,000 customers in southern New Jersey, covering Atlantic, Cape May, Cumberland, and Salem counties. A wholly owned subsidiary of Exelon Corporation (NASDAQ: EXC), the nation's largest regulated electric utility holding company, Atlantic City Electric operates as a pure-play electric distribution and transmission utility under the regulatory oversight of the New Jersey Board of Public Utilities, which sets the rates and service conditions for the utility's operations. According to its website at atlanticcityelectric.com, the company is committed to delivering safe, reliable, and affordable electric service to its customers while supporting New Jersey's ambitious clean energy and grid modernization goals.
Atlantic City Electric's grid operations, described at atlanticcityelectric.com, encompass an electric distribution system serving the densely populated Atlantic City resort market as well as the more rural and suburban communities of southern New Jersey. The utility has made significant investments in grid modernization, storm hardening, and advanced metering infrastructure as part of its long-term infrastructure investment program, designed to improve the reliability and resilience of its electric distribution system in a region that has historically been exposed to significant storm risk from Atlantic coastal weather events. Atlantic City Electric's capital investment program is funded through the NJBPU regulatory process, which allows the utility to earn a regulated return on its infrastructure investments through customer rates.
Atlantic City Electric's affiliation with Exelon Corporation provides it with the resources, technical expertise, and operational best practices of one of the nation's largest and most experienced electric utility operators, spanning approximately 10 million electric and gas customers across Illinois, Pennsylvania, Maryland, New Jersey, Delaware, and Washington D.C. According to atlanticcityelectric.com and Exelon's investor materials, Atlantic City Electric benefits from its parent company's scale in areas including supply chain management, technology deployment, cybersecurity, and regulatory affairs, while maintaining its local focus on delivering high-quality service to southern New Jersey electric customers. The utility's combination of regulatory stability, infrastructure investment opportunity, and Exelon affiliation makes it a significant participant in the New Jersey electric utility market.