The donation fulfills the second year of a three-year pledge that includes 10 undergraduate student scholarships of $4,000 annually, $20,000 annually for equipment and laboratory needs, and $5,000 per year for outreach and continuing education. The remaining funds are dedicated to the Exelon Endowed Scholarship in Nuclear Engineering, a permanent fund to benefit future generations of Penn State undergraduate nuclear engineering students.
“Exelon Nuclear believes that the nuclear engineering program at Penn State is truly one of the best in the United States,” said Joe Hagan, senior vice president, Exelon Nuclear. “This partnership is important to help encourage qualified high-school students to pursue degrees in nuclear engineering. Additionally, Exelon is committed to helping outstanding graduates obtain employment in the nuclear industry. We believe that nuclear power will play a major role in electrical power production for many years to come.”
The College of Engineering and its nuclear engineering program have had a mutually beneficial relationship with PECO Energy, and now Exelon, since the 1970s.
Exelon Corp. was created by the merger of PECO Energy and Unicom in October 2000 and is one of the nation’s largest electric utilities Exelon Nuclear, a unit of Exelon Corp., is the largest operator of nuclear plants in the U.S. and the third largest in the world. The group includes 10 stations and 17 nuclear units in Illinois, Pennsylvania and New Jersey.
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