Why It Matters

Exelon is pushing Congress to reshape how utilities calculate taxes under a 2022 law that created a 15% corporate minimum tax. The company is lobbying on the RESILIENCE Act and the Inflation Reduction Act, arguing that power companies need industry-specific deductions on repair costs to determine their tax liability. Exelon has also submitted formal comments to the Treasury Department on the issue.

The company is simultaneously engaging Congress on federal funding for the Low Income Home Energy Assistance Program, which the Trump administration proposed eliminating entirely in its fiscal 2026 budget.

By the Numbers

Exelon spent $500,000 in the second quarter of 2026, according to an amended disclosure filed in August. That represents an increase from the $420,000 originally reported for the quarter.

The company deployed three in-house lobbyists: Matt Miller (Director, Federal Affairs), William Sauer (Vice President, Federal Regulatory Affairs), and Chris Duncan (Director). Miller brings extensive Hill experience, having worked for 18 Republican representatives and one senator across four consecutive Congresses. Sauer previously worked for Duke Energy as an in-house lobbyist.

Exelon filed 22 total lobbying reports and amendments across multiple firms and in-house operations from the third quarter of 2025 through the second quarter of 2026. OGR, Capitol Tax Partners LLP, and BGR Government Affairs LLC filed Q3 2025 lobbying reports for Exelon Business Services Co. LLC. Over the past four quarters, Exelon spent $4.31 million on lobbying.

The Agenda

The Inflation Reduction Act created a new 15% corporate alternative minimum tax on adjusted financial statement income for large corporations. The IRS issued guidance in 2025 addressing how financial statement net operating losses are treated under this tax.

Exelon has publicly supported the RESILIENCE Act, which addresses corporate alternative minimum tax provisions. The company also filed comments with Treasury arguing that power companies should receive an industry-specific tax deduction on repair costs when determining whether they are subject to the tax.

The Trump administration proposed eliminating all federal funding for the Low Income Home Energy Assistance Program in its fiscal 2026 budget. The elimination of LIHEAP staff raises concerns about the future of the program because there is a possibility that funds already allocated to the program will be withheld and no funding will be allocated to the program in fiscal year 2026.

Exelon also lobbied on legislation designating July 10 as Journeyman Lineworkers Recognition Day. Representatives Sánchez, Fitzpatrick, Norcross, and Bresnahan led 143 colleagues in introducing a bipartisan resolution designating July 10 as Journeyman Lineworkers Recognition Day.

The Bottom Line

Exelon's lobbying agenda reflects two distinct concerns: securing favorable tax treatment under the corporate minimum tax framework and protecting federal support for low-income energy assistance.

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