Calvin G. Butler Jr.
President and Chief Executive Officer
2022 – Present
4 years (current)
Key Decisions & Impact
Taking over as CEO immediately following the historic, transformative spin-off of Constellation Energy, Calvin G. Butler Jr. was charged with defining Exelon's new identity as a pure-play transmission and distribution utility. He immediately prioritized capital expenditure programs aimed at modernizing the aging physical grid, focusing heavily on enhancing storm resilience against increasingly severe weather events and upgrading cybersecurity infrastructure. He also emphasized 'equitable energy transition' initiatives, ensuring that low-income communities within Exelon's vast service territories were not left behind during the shift toward widespread electrification and renewable energy integration.
Legacy
Butler's leadership marks a critical new chapter for Exelon, characterized by intense operational focus on local grid reliability rather than national power generation. His extensive, successful prior experience managing Baltimore Gas and Electric (BGE) provided him with deep, crucial expertise in navigating complex, politicized state-level regulatory environments. By focusing on customer service, infrastructure safety, and regulatory compliance he is establishing the 'new' Exelon as a stable, predictable, and attractive investment for yield-seeking shareholders in the heavily regulated utility sector.