Exelon controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Exelon sued over 401(k) plan fees
Lawsuit filed
A group of plaintiffs filed a proposed class-action complaint alleging that Exelon breached its fiduciary duties by switching plan investments to higher-cost in-house funds and allowing high record-keeping and managed-account fees. These are allegations in the complaint.
Source excerpt
Chicago-based energy conglomerate Exelon Corp. was sued Monday over the fees in its $10.7 billion 401(k) plan.
In a proposed class-action complaint filed in U.S. District Court in the Northern District of Illinois, a group of plaintiffs’ law firms allege that the company breached its fiduciary duties by switching from low-cost mutual funds to in-house managed funds.
2009
Peach Bottom security guards recorded sleeping
A leaked video showed contract guards responsible for security at Peach Bottom Nuclear Generating Station sleeping while on duty. The incident prompted NRC scrutiny, a proposed penalty, termination of the security contractor, and a move to in-house nuclear security.
2006
Delayed disclosure of Braidwood tritium releases
Exelon and Illinois officials disclosed multiple releases of tritium-containing water from Braidwood Nuclear Generating Station after a delay. Exelon said nearby well measurements remained below regulatory limits and characterized the risk as minimal.
2005
Cromby Generating Station emissions violation
Exelon was required to pay a fine after the Cromby Generating Station exceeded its permitted sulfur-dioxide emissions limit during part of 2004.