Exelon flies to Portland as utility shifts focus to transmission and affordability

Exelon flew from Cabo San Lucas to Portland on May 11, 2026, arriving at KPDX after a 3-hour, 19-minute flight aboard its Falcon 7X, tail number N496AC.

The trip lands in Portland the same week Exelon announced a $350 million cost-cutting initiative and a revised $41.7 billion capital plan, shifting $1.1 billion from distribution investments to transmission projects, per a May 6 earnings call covered by Utility Dive. CEO Calvin Butler told analysts that “business as usual is not an option” as affordability concerns dominate regulatory discussions in its service territories, including a recent withdrawal of a $510 million PECO rate case in Pennsylvania.

The flight follows a pattern of recent travel: Exelon flew from Portland to Cabo San Lucas on May 11, from Eagle, Colorado to Cabo on May 9, and from Cabo to Eagle on May 7. The Portland stop may signal a broader strategic review or meetings tied to the company’s transmission buildout, which now targets 16% annual rate base growth through 2029.