Dive Summary:

• Commonwealth Edison Co. parent company Exelon Corp. reversed a policy allowing ComEd executives to be paid only in cash, and not stock.
• Exelon halted long-term incentive payments in stock to ComEd executives in 2007, when Exelon was struggling to convince Illinois lawmakers that ComEd's operations were separate from the nuclear plants operated by Exelon Generation, a sister company.
• The change in executive compensation policy came last year as the company transitioned to a performance-based rate structure that it says aligned "shareholder interests with customer metrics," such as the number and duration of power outages and cost control measures.

From the article:

... The long-term executive incentive program was “designed to align the incentive compensation program with ComEd's status as a fully regulated operating company,” Exelon said at the time in a Securities and Exchange Commission filing. ...