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Calvin Butler

CEO, President & Director, Exelon

Search every verified Calvin Butler interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Calvin Butler, president and CEO of Exelon, has recently discussed the company's response to surging electricity demand driven by AI development, electrification, and manufacturing growth. At an Atlantic Council event in September 2026, he noted Exelon's commitment to invest $41.7 billion in capital through 2029 and described the current pace of load growth as unprecedented, citing estimates that Commonwealth Edison's system in northern Illinois could add 30 gigawatts by 2030. He also emphasized the need for utilities to operate as modern service providers and for collaboration with technology partners to manage the grid. Butler has also addressed customer affordability and grid reliability in investor and board forums. In a Q2 2026 earnings call, he stated that affordability requires both cost discipline and new supply, and that customers should not bear the cost of an under-resourced system. He highlighted Exelon's $50 million customer assistance fund and noted that supply costs account for about 80% of customer bills. In other appearances, he discussed the company's $38 billion four-year capital plan, described Exelon as a low-risk infrastructure company with no single project exceeding 3% of capital, and spoke about the need for an interactive and evolving energy grid to support innovation and decarbonization.

Recent appearances

Notable quotes

“Through 2029, we have committed to invest at Exelon 41.7 billion of capital. The industry has committed significantly larger overall to making sure we're ready for this wave of growth. What's different about this wave of growth right now is the speed in which it's happening. Now whether you think it's 10x or 5x, it's significant. So put that in perspective for those of you who don't talk utility jargon all the time, ”

“We are in a time of transformation. One, the unprecedented load growth that we're experiencing since I've been in the industry and I've started out right out of law school in the industry and then I've been with Exelon for 18 years. This was never a concern. We flat or you would grow at best case scenario one to 2%. So now with this load and we had shaped our regulatory and legislative routines on that flat to modera”

“We're in a time right now in this low growth period that affordability is becoming a big issue because we do know we have to invest in this system for one reliability and safety. two for load growth and our governors all want economic development but what comes with investment is rising costs and then from our perspective as excelon 80% of the bill is not even me not even our utilities it's supply and the supply cost”

“We are our four-year plan going out through 2028, we're investing $38 billion in capital, but not one project, manage, is more than 3% of our capital. So why do I share that with you? That means we're a low-risk infrastructure company. We don't have one customer or one project that's driving that investment. not one larger than 3% and when you look at the variety and diversity of our customers that is what makes Exel”

“I cannot stop investing in cyber and physical security. Because if something were to go wrong, you would hold me accountable for that, but that's 4 to 500 million dollars annually.”

“Customers and the communities are feeling the strain in this high interest rate environment and the cost of everyday goods going up. So, from a management and a board perspective, you have to address that issue proactively and be very intentional about your efforts.”

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