Pros
Exelon is a Fortune 150 company with a wealth of other accolades under its belt as far as employee treatment goes. They can boast several features in magazines, websites, and other noteworthy sources and proudly hold titles such as "One of the best Companies with which to begin an IT Career." Exelon's also a very diverse company, sporting copious talent from all walks of life and ensuring everyone has a chance to advance and move to big things. Additionally (and this is kind of an inside tip), fresh off of all their business deals and the merger between ComEd and PECO, Exelon is looking to bounce back from the hiring freeze caused by all that activity so they're not being TOO stringent on who they hire. They're also very employee satisfaction oriented...searching for new ideas and ways to make the lives of their current employees better as well as keeping an ear out for what attracts young new talent coming out of college. Plus, working with Exelon comes with many benefits: special types of bank accounts, discounts on some common and somewhat necessary goods and services, and more. As I've said, they treat their employees very well, and the pay is not bad at all either.
Cons
From an the standpoint of an IT employee...there's room for advancement and promotion within the company...lots of it, but Exelon's IT deployment is more utilitarian than anything. Not a lot of cutting edge, innovative stuff going on there, much of your work will go toward maintaining the current software and infrastructure or finding a new means to an end. If you want to do more design and innovation type things, then your best bet is to try to work for Corporate headquarters, based in Chicago.