Baltimore Gas & Electric Co. CEO Calvin G. Butler has been appointed to lead Exelon Corp.’s Utilities business, the utility holding company announced.
Butler has held the job of Exelon Utilities CEO on an interim basis since October 15. He was promoted after previous Utilities CEO Anne Pramaggiore abruptly resigned amidst a federal investigation into Chicago-based Exelon’s lobbying with the Illinois legislature, according to reports.
Butler also will work as senior executive vice president of the parent Exelon. Carim Khouzami, currently senior vice president and chief operating officer of Exelon Utilities, will replace Butler as CEO of BGE.
Both appointments are effective immediately.
“With this strong leadership team in place, Exelon Utilities will continue to drive innovation and deliver the best possible results for our customers and the communities we serve,” said Christopher M. Crane, president and CEO of Exelon. “Calvin and Carim are part of a deep bench of talented industry leaders who are building Exelon’s next-generation energy grid with a focus on sustainability, resiliency and reliability.”
In his new role, Butler will oversee Exelon’s six local electric and gas companies – Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco. Together, they form the nation’s largest utility company by customer count, serving approximately 10 million electric and gas customers in New Jersey, Maryland, Illinois, Delaware, Pennsylvania and the District of Columbia, respectively. He will remain a resident of Baltimore and work out of Exelon’s D.C. offices.
Exelon Corp. announced it was acquiring Pepco Holdings–which included Atlantic City Electric, DelMarva and Pepco–in 2014. The $6.8 billion merger was completed in 2016.