WASHINGTON (May 7, 2009) - The Edison Electric Institute (EEI) has named Exelon Corporation as one of the finalists for the Edison Award, the electric utility industry's highest honor, in recognition of outstanding leadership and exceptional contributions to the industry.
The award is presented annually by EEI, and recognizes U.S. and international electric utilities for their innovation and role in advancing the industry. A committee composed of national industry trade publication editors selected Exelon as one of four U.S. finalists for the Edison Award.
The winners of this year's award, the 82nd, will be announced June 25 at EEI's Annual Convention and Expo in San Francisco.
Exelon in 2008 introduced a long-term business initiative -- entitled Exelon 2020: A Low Carbon Roadmap -- designed to reduce, offset or displace more than 15 million metric tons of GHG emissions per year by 2020. The reduction when realized will surpass Exelon's current carbon footprint, or the equivalent of the emissions produced by nearly three-million automobiles. Exelon recently announced that it has achieved about one-third of this goal.
The Exelon 2020 strategy is made up of three areas: Reduce/offset the company's carbon footprint by greening its operations, help customers and communities reduce their GHG emissions, and offer more low-carbon electricity in the marketplace. As part of the effort, the company renovated its headquarters to become the largest LEED-CI Platinum office space on Earth, launched energy-efficiency programs for its utility customers, and is working to increase the capacity of its nuclear power plants, which emit virtually no greenhouse gases..
"Exelon has put itself in a position to be a beacon within the electric utility industry as it works toward addressing climate change," said EEI President Thomas Kuhn.
Headquartered in Chicago, Exelon Corporation (NYSE: EXC) is one of the nation's largest electric utilities with approximately $19 billion in annual revenues. The company has one of the industry's largest portfolios of generation capacity, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic. Exelon distributes electricity to approximately 5.4 million customers in northern Illinois and southeastern Pennsylvania and natural gas to approximately 485,000 customers in the Philadelphia area.