Following the repeal of the Public Utility Holding Company Act of 1935 (PUHCA) in 2006, Exelon and its subsidiaries are allowed to make political contributions to candidates for election to state and local municipal political offices when state and local laws permit them to do so. Moreover, the Citizens United decision handed down by the United States Supreme Court in January 2010 has eliminated limits on independent expenditures by Exelon and its subsidiaries for advertisements to support or oppose the election of a candidate for public office in federal and state elections.
Exelon has developed guidelines that are intended to provide corporate governance, control, oversight and procedural guidance for corporate contributions of money, property or services for political activities on a federal level and in Illinois and other states that allow corporate contributions to the political process.
You can view Exelon’s complete approach to Political Engagement on the corporate website at: http://www.exeloncorp.com/assets/performance/docs/
Committee Representative: Bruce Wilson, Senior Vice President and Deputy General Counsel, Exelon Corporation
Committee Role: Member