March 14, 2011
Exelon Statement on Japan Disaster
Exelon is closely monitoring the situation in Japan as it continues to unfold. While there is still a great deal we don’t know, it appears that the damage to the Japanese plants was primarily related to the tsunami, not the earthquake.
Chicago – Exelon is closely monitoring the situation in Japan as it continues to unfold. While there is still a great deal we don’t know, from all information the company received so far, it appears that the damage to the Japanese plants was primarily related to the tsunami, not the earthquake.
Exelon Chairman and CEO John Rowe said, “The earthquake and tsunami in Japan are a national tragedy. The events at the Fukushima power plants are a source of grave concern. At Exelon, we are following the tireless efforts of the employees of the Tokyo Electric Power Company as closely as we can; our hearts are with these dedicated people. Meanwhile, we continue to learn all we can about these events.
“Our plants are safe, particularly given the different seismic patterns in our regions and the absence of tsunami-type events where we have operations. Still we watch, we learn, and we will work with the Nuclear Regulatory Commission and other policymakers, as well as industry colleagues, on what, if anything, should be done to apply what can be learned from this unprecedented situation,” said Rowe.
All of Exelon’s nuclear facilities are designed to American seismic and flood standards, reflecting their local geography. Exelon’s nuclear plants are equipped with numerous and redundant safety systems designed to protect them against earthquakes, flooding and other natural disasters.
“Our plants are operating safely, and our plant neighbors are safe,” said Rowe.
Exelon Plants are Well-Protected from Floods, Earthquakes and Tsunamis (PDF | 40KB)
For information on what is occurring in Japan, visit the Nuclear Energy Institute’s website. This website is updated regularly and provides links to numerous other information sources.
Exelon Corporation is one of the nation’s largest electric utilities with more than $18 billion in annual revenues. The company has one of the industry’s largest portfolios of electricity 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 490,000 customers in the Philadelphia area. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.