Atlantic City Electric Co, founded in 1924 and headquartered in Atlantic City, New Jersey, serves as a vital electric utility provider in the region, committed to delivering reliable and efficient power. The company is a subsidiary of Exelon Corporation, offering a range of services including electricity distribution, renewable energy solutions, and customer assistance programs to residential and commercial clients.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| EXC 2.30% 2031-03-15 USDAtlantic City Electric Co | United States | 2031-03-15 | 2.300 | 4.40 |
| EXC 4.00% 2028-10-15 USDAtlantic City Electric Co | United States | 2028-10-15 | 4.000 | 4.01 |
| EXC 5.80% 2034-05-15 USDAtlantic City Electric Co | United States | 2034-05-15 | 5.800 | 4.66 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Atlantic City Electric Co has a notable history of bond issuances, with its inaugural bond launched in the early stages of its operation in the mid-20th century to fund infrastructure development. More recently, the company issued a significant $250 million bond in 2021 to support grid modernization and sustainability initiatives, currently yielding around 3.5%, which is competitive within the utility sector. The bonds typically feature a 10-year maturity, and the company's commitment to green energy has garnered interest from environmentally-focused investors, enhancing its reputation in the bond market.