News Contact Us

Exelon & ComEd pledge donations to support COVID-19 hit communities

Author : Pankaj Singh | Published Date : 2020-03-20 

Rising cases of COVID-19 worldwide has encouraged several organizations to make investments to support patients suffering from this novel disease. Recently, Exelon Corporation made a similar move when it announced that its arm, ComEd will pledge $250,000 to the Chicago Community Trust's COVID-19 Response Fund and United Way of Metro Chicago.  

The funding will support coronavirus affected communities and strengthen these organization’s efforts to offer vital services during the COVID-19 epidemic, cite sources.

Reportedly, the $250,000 contribution is a part of a $1.15 million donation funded by Exelon Corp. and its global subsidiaries that intend to help relief organizations to rebuild those communities that are adversely affected by the spread of COVID-19.

According to reliable sources, this donation follows ComEd's previous initiative to back customers that might be experiencing a financial strain owing to the economic slowdown caused by the effects of coronavirus. These initiatives involve waiving new, late-payment charges and suspending service disconnections for users.

Commenting on the move, Joe Dominguez, CEO, ComEd, said that lately, nonprofits are witnessing a decrease in the support from volunteer and disruption in fundraising due to the recently imposed safety guidelines.

The company believes that it is crucial for these not for profit organizations, that are aiding the most vulnerable population base, to have ample resources required to maintain their operations at the highest levels.

In fact, by backing these community-based organizations, ComEd believes that it would be able to bring a positive change across numerous affected communities.

For the record, apart from being the CEO of ComED, Joe Dominguez also serves on the United Way of Metro Chicago’s board. ComED has robust plans and contingencies to support business continuity across a wide range of disruptive events, which includes extensive preparedness in most public health crisis. 

Source Credit: https://www.comed.com/News/Pages/NewsReleases/2020-03-18.aspx

About Author

Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- pan[email protected] | https://twitter.com/PankajSingh2605

Related News

Chipmaker TSMC mulls over Germany for first Europe chip plant

Published Date: 2021-07-27         Author: Pankaj Singh

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) stated that it is too early to talk about its factory expansion in Germany and that the talks are in the initial phases as the European Union seeks to reduce chip imports amid the supply shortage. The European Commission had conducted discussions w... Read More

COVID-19 cases surge in Australia, police warn of protest repeat

Published Date: 2021-07-26         Author: Pankaj Singh

Despite a weeks-long stay-at-home order, Australias most populated state reportedly recorded an increase in new COVID-19 cases, and police swore to suppress any recurrence of the raucous anti-lockdown rally over the weekend. New South Wales, which had imposed a lockdown in Sydney to curb the wide... Read More

LG commits to sustainability mission, aims to go 100% renewable by 2050

Published Date: 2021-07-23         Author: Pankaj Singh

South Korean multinational electronics firm LG Electronics Inc. recently announced its plans to transition to 100% renewable energy by 2050 as part of its sustainability strategy. For the record, the firm had earlier committed to carbon neutrality via the Zero Carbon 2030 initiative, which aims t... Read More

© 2021 Fractovia. All Rights Reserved