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Chicago & Midwest  + Downtown  + Office  |  January 3, 2023
Paul Bubny
By: Paul Bubny

Exelon Will Keep Its Headquarters in Chicago

Utilities giant Exelon will remain headquartered in Chicago, reported Crain’s Chicago Business. Its new CEO, Calvin Butler, is relocating from Baltimore back to Chicago. 

With the exception of Chicago’s Commonwealth Edison (ComEd), every electric utility Exelon owns is in the East, including Baltimore Gas & Electric (BGE). Accordingly, there was some trepidation in Chicago about the future of one of its largest corporate headquarters, Crain’s reported.  

Exelon spun off its power-generation business last year, which included the nation’s largest fleet of nuclear plants. That unit, now dubbed Constellation Energy Group, was headquartered in Baltimore. 

Butler began his career at Exelon in Chicago as a lobbyist for ComEd before decamping to Baltimore to lead BGE. Upon his return to the city, he’s joining the Civic Committee of the Commercial Club of Chicago. He continues as a board member of Bradley University in Peoria, his alma mater. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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