Exelon lands in Boston after a New Hampshire retreat, as affordability battles continue

Exelon's Falcon 7X, tail N496AC, departed Lebanon Municipal Airport in New Hampshire and landed at Laurence G Hanscom Field outside Boston on June 18, a 22-minute hop that follows a series of trips between Colorado and New Hampshire over the previous week. The short flight, from a rural airport near the Vermont border, suggests CEO Calvin Butler may have been at a private retreat before heading into the city for business.

The same week, Exelon continues to grapple with affordability pressures that forced its PECO subsidiary to withdraw a $510 million rate case in Pennsylvania amid political criticism, as covered by TD World on May 6. Butler told analysts that “business as usual is not an option” and outlined $350 million in cost cuts by 2027. In April, he argued at Semafor's World Economy event that rising electricity costs require easier permitting rules and more generation.

Boston, while not a recurring destination on Exelon's usual circuit of Philadelphia, Baltimore, Washington, and Chicago, hosts major energy regulators and conference venues. Butler's presence in the region likely involves meetings with stakeholders or industry groups, as the company increasingly looks to transmission investments and new generation to balance reliability and rates.