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Exelon Corporation 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 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 485,000 customers in the Philadelphia area. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.
Exelon operates as three operating companies: ComEd, PECO and Exelon Generation, and a corporate services and support unit: Exelon Business Services Company(BSC).
Each unit has a unique dynamic, offering growth opportunities and a corporate culture that fits a variety of personalities and lifestyles:
BSC
The Business Services Company (BSC) is the central service provider to the Exelon enterprise: the hub that enables the other three business units to deliver their power to Exelon's customers. It is our mission to excel in all areas of service and provide better solutions and greater value than is available anywhere else. The seven service areas of BSC include: Legal, Human Resources, Finance, Information Technology Services, Supply, Audio/Visual Services and Operations. Together these service areas support the Exelon mission, help define, and bring cohesion to the diversity of Exelon's uniquely cultured business units.
The functional areas that BSC encompasses are:
COMED
Commonwealth Edison, ComEd, is a unit of Chicago-based Exelon Corporation (NYSE: EXC), one of the nation’s largest electric utilities with approximately 5.4 million customers. Frank M. Clark is the chairman and CEO of ComEd. J. Barry Mitchell is president of ComEd.
ComEd and its more than 5,500 employees are responsible for maintaining more than 82,000 miles of power lines that make up the electric transmission and distribution system in Northern Illinois. ComEd also provides service to approximately 3.8 million customers across Northern Illinois, or 70 percent of the state’s population.
With a corporate history dating back to the early days of electric service in Chicago, ComEd long has been a responsible corporate citizen in Northern Illinois. ComEd and its employees are actively involved in communities throughout the region and sponsor many civic and cultural organizations. In 2006, ComEd and Exelon contributed $14 million to non-profit organizations, schools, museums, and performing arts organizations throughout Illinois with much of our support used to enhance the many organizations and educational institutions that enrich the lives of Chicagoans.
ComEd is committed to improving electric service reliability for its customers. Since 1998, the number of outages has decreased 33 percent, and the duration of outages is down by 45 percent.
Since the Illinois General Assembly passed the Restructuring Act in 1997, the state has been moving toward an open, competitive electricity market. ComEd customers have already benefited from this transition. ComEd customers saved about $4 billion as a result of the 20 percent residential rate cut and nine-year rate freeze that were put in place by the act.
ComEd’s service territory borders Iroquois County to the south (roughly Interstate 80), the Wisconsin border to the north, the Iowa border to the west and the Indiana border to the east.
EXELON GENERATION
Exelon, through its subsidiary Exelon Generation, owns and controls one of the largest generation portfolios in the country—around 33 gigawatts (GW) of low-cost owned and contracted generation. It is composed of a diverse mix of fossil, hydro, nuclear and renewable generation facilities.
Exelon Power is responsible for managing, operating and maintaining the company’s fossil and hydroelectric plants, consisting of 109 units capable of generating approximately 8,000 megawatts (MW) of electricity. The units are located in Pennsylvania, Maryland, Illinois, Texas and Massachusetts.
Exelon Nuclear operates the largest fleet of nuclear generating stations in the nation, and the third largest fleet in the world. Exelon Nuclear’s 10 stations, with 17 reactors, represent approximately 20 percent of the U.S. nuclear industry’s power capacity, and about three percent of all U.S. power generation.
Power Team, responsible for marketing Exelon Generation’s product, works to develop and deliver products that meet customer needs—the next hour, the next month and beyond. Power Team’s customers include municipal electric customers, cooperative and investor-owned utilities, as well as aggregators, merchant participants and major commodity trading houses. Power Team’s credit rating, supported by its portfolio management and financial hedging capabilities, is among the best in the industry.
PECO
Based in Philadelphia, PECO is an electric and natural gas utility subsidiary of Exelon Corporation.
PECO serves 1.6 million electric and 480,000 natural gas customers in southeastern Pennsylvania and has about 2,500 employees. Founded in 1881, PECO is the state's largest utility, operating and maintaining a network with 550 electric substations, 21,000 miles of distribution and transmission lines, 27 natural gas gate stations and 6,600 miles of underground gas mains.
PECO has been recognized as Pennsylvania's safest utility by the state Department of Labor & Industry and has also received related awards from the Energy Association of Pennsylvania and the American Gas Association.
Other PECO Facts:
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PECO has a more than 100 year history serving the Greater Philadelphia region.
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PECO, on average, contributes more than $7 million annually to non-profit organizations, events and programs in the areas of education, safety, the environment, and the arts.
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PECO also provides a variety of assistance programs, including discounted rates for qualified low-income customers, the Low Income Home Energy Assistance Program (LIHEAP), the Low Income Usage Reduction Program (LIURP) and CARES.
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Find out more on the About Us section of the Web site.
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