Exelon's Falcon 7X lands in Eagle County days after CEO's affordability pivot

Exelon flew from Saint Paul Downtown Holman Field to Eagle County Regional Airport on May 15, continuing a pattern of regular visits to the Colorado resort area. The flight arrives days after President and CEO Calvin Butler outlined a revised capital plan on the company's first-quarter earnings call, per an SEC filing [sec.gov](https://www.sec.gov/Archives/edgar/data/79732/000110935726000061/exc-20260506ex992.htm). Exelon is trimming $350 million in operating expenses and deferring $1.1 billion in distribution investments while boosting transmission spending, as reported by Utility Dive [utilitydive.com](https://www.utilitydive.com/news/exelon-affordability-peco-transmission-earnings/819563/).

The Falcon 7X, tail number N496AC, had previously shuttled between Eagle and Cabo San Lucas in recent weeks, suggesting a favored retreat for the Chicago-based CEO. The trip from Minneapolis—where Exelon has no major operations—may indicate a meeting with investors or regulators before returning to this recurring destination. Butler's earnings call stressed "balancing affordability" as the Maryland Utility RELIEF Act passed, and the company faces rate cases in Delaware and Pennsylvania [tdworld.com](https://www.tdworld.com/utility-business/news/55375950/citing-affordability-concerns-exelon-shuffles-capex-plan-and-eyes-350m-in-savings).

Exelon's revised $41.7 billion capital plan aims for 7.9% annual rate-base growth, with a focus on transmission and data-center interconnections. The Eagle County arrival fits a pattern of high-level strategy sessions away from the Chicago boardroom, though Exelon did not disclose the purpose of this specific flight.