WASHINGTON — A dozen employees from Pepco parent company Exelon Corporation rang the opening bell at the New York Stock Exchange on Friday, marking the company’s new ranking as one of the nation’s 100 largest companies.
Chicago-based Exelon cracked the top 100 on the Fortune 500 list for the first time this year, coming in at number 95, up from 111. The company had $29.4 billion in 2015 revenue, up 7.2 percent from a year earlier. Exelon’s profits rose 39.8 percent last year, to $2.3 billion.
Fortune’s 2016 rankings were determined based on 2015 revenue, before Exelon completed its contentious $6.8 billion takeover of Pepco Holdings in March. Pepco will add an estimated $5.4 billion in revenue to Exelon’s business this year.
Exelon president and chief executive Chris Crane joined a group of 10 employees at the NYSE podium, including utility line workers, customer service representatives and power plant workers.
“This is an important milestone in Exelon’s history and a reflection of our employees’ strong commitment to delivering continued growth,” Crane said in a statement.
Exelon also owns Baltimore Gas & Electric, having acquired its parent company Constellation Energy in 2012.
