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Exelon Notifies Nuclear Energy Regulator of Plans to Close Clinton and Quad CitiesExelon Notifies Nuclear Energy Regulator of Plans to Close Clinton and Quad Cities<div><strong>CHICAGO </strong>— Exelon Generation  earlier this week formally notified the Nuclear Regulatory Commission (NRC) of plans to retire the Clinton and Quad Cities nuclear stations in 2017 and 2018, respectively. This marks the first of several procedural notifications Exelon will make in the coming months to inform regulators, grid operators and state agencies of the plant retirements. </div><div><br></div><div>Exelon announced plans to close the plants earlier this month, given the lack of progress on Illinois energy legislation. The Clinton Power Station in Clinton, Ill., will close on June 1, 2017, and the Quad Cities Generating Station in Cordova, Ill., will close on June 1, 2018. </div><div><br></div><div>“We worked for more than two years to find a solution, but now it is time to take the necessary steps to retire the plants,” said Chris Crane, Exelon president and CEO. “We are committed to working with all stakeholders to ensure the plants are shut down in a responsible, safe and transparent way.”</div><div>Quad Cities and Clinton have lost a combined $800 million in the past seven years, despite being two of Exelon’s best-performing plants.</div><div><br></div><div>Employees will safely operate the facilities until the retirement dates, with staff transitions expected within six months after retirement. Exelon employs nearly 700 workers at Clinton and 800 workers at Quad Cities.</div><div><br></div><div>Retiring these stations will have a significant economic and environmental impact on the region. The plants support approximately 4,200 direct and indirect jobs and produce more than $1.2 billion in economic activity annually. A state report found that closing the plants would increase wholesale energy costs for the region by $439 million to $645 million annually. </div><div><br></div><div>Exelon will continue to work with stakeholders on passing the Next Generation Energy Plan that is critical to the state’s environment and economy. While these needed policy reforms may come too late to save some plants, Exelon is committed to working with policymakers and other stakeholders to advance an all-of-the-above plan that would promote zero-carbon energy, create and preserve clean-energy jobs, establish a more equitable utility rate structure and give customers more control over their bills.</div><div><br></div><div><div><strong>Cautionary Statements Regarding Forward-Looking Information</strong></div><div>This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are subject to risks and uncertainties. The factors that could cause actual results to differ materially from the forward-looking statements made by Exelon Corporation and Exelon Generation Company, LLC (Registrants) include those factors discussed herein, as well as the items discussed in (1)  Exelon’s 2015 Annual Report on Form 10-K  in (a) ITEM 1A. Risk Factors, (b) ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) ITEM 8. Financial Statements and Supplementary Data: Note 23; (2) Pepco Holdings, Inc.’s 2015 Annual Report on Form 10-K in (a) ITEM 1A. Risk Factors, (b) ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) ITEM 8. Financial Statements and Supplementary Data: Note 16; (3) Exelon’s First Quarter 2016 Quarterly Report on Form 10-Q in (a) Part II, Other Information, ITEM 1A. Risk Factors; (b) Part 1, Financial Information, ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) Part I, Financial Information, ITEM 1. Financial Statements: Note 18 and (4) other factors discussed in filings with the SEC by the Registrants. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this press release. Neither of the Registrants undertakes any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this press release.</div><div><br></div><br></div>http://www.exeloncorp.com/newsroom/nrc-retirement-notification-of-quad-cities-and-clinton6/22/2016 4:00:00 PM
Peach Bottom to Host Community Information Night on June 13Peach Bottom to Host Community Information Night on June 13<div><strong>DELTA, PA</strong> — Have you ever wanted to see the inside of a nuclear power station’s control room? Come visit the Peach Bottom control room simulator during Community Information Night to see firsthand how operators harness the power of uranium to create safe, reliable power for more than two million homes and businesses. </div><div><br></div><div>Peach Bottom Atomic Power Station will host Community Information Night on Monday, June 13, 2016 from 5:00 to 8:00 p.m. Residents are encouraged to attend this free, family-friendly event to learn more about nuclear energy, plant operations and current events at Peach Bottom. </div><div><br></div><div>Station employees will be on hand to educate visitors on operations, engineering practices, environmental stewardship, industrial safety, radiological safety, site security, emergency preparedness, used fuel storage, community outreach and much more. </div><div><br></div><div>Visitors will receive a guided bus tour of the site and can also view the plant’s main control room simulator, which is used to train and test reactor operators. Informational handouts and light refreshments will be provided.</div><div><br></div><div>“Community Information Night is a great opportunity for us to interact with our neighbors and the local community,” said Peach Bottom Site Vice President, Mike Massaro. “It provides us the opportunity to answer their questions and teach them about Peach Bottom and nuclear energy. It is always a fun time, and we are looking forward to this year’s event.”</div><div><br></div><div>Visitors are asked to park in the station’s outer parking lot at 1848 Lay Road. Buses will transport visitors to the training center. If you require special accommodations or have questions about Community Information Night, please contact Krista Merkel at 717-456-4818 or krista.connelly@exeloncorp.com.</div><div><br></div><div>Peach Bottom Atomic Power Station is located on the west bank of the Conowingo Pond (Susquehanna River) in York County, Pa. The station is home to two boiling water reactors, capable of powering more than 2.25 million homes and businesses. Both reactors began commercial operation in 1974. Join us on <a href="https://twitter.com/ExelonNuclear">Twitter</a> and <a href="https://www.youtube.com/user/ExelonGeneration">You Tube</a>.</div><div><br></div>http://www.exeloncorp.com/newsroom/peach-bottom-to-host-community-information-night-on-june-136/8/2016 8:00:00 PM
Peach Bottom Seeks Extended Operating LicensePeach Bottom Seeks Extended Operating License<div><strong>DELTA, PA</strong> (June 7, 2016) — Exelon announced today that the company is seeking an additional 20-year operating license for Peach Bottom Atomic Power Station from the Nuclear Regulatory Commission (NRC). Exelon President and CEO Chris Crane made the announcement in Harrisburg earlier today during an event in the Capitol Rotunda.</div><div><br></div><div>“This application is great news for Peach Bottom workers, our neighbors and the state’s economy,” said Crane. “Pennsylvania will soon be crafting ambitious but attainable carbon reduction goals to meet the requirements of the Environmental Protection Agency’s Clean Power Plan. Exelon’s nuclear stations -- including Peach Bottom -- can help the state meet those goals and continue powering the economy for decades to come.”</div><div>Operating Peach Bottom for an additional 20 years will preserve thousands of good-paying jobs and provide long-term support for Pennsylvania’s local and regional economy. Peach Bottom employs more than 800 full-time workers who live in communities surrounding the station and who support local businesses. Annual refueling outages bring more than 2,500 additional workers to the plant, many of whom stay in the area and patronize local businesses. </div><div><br></div><div>In the coming weeks, Exelon will notify the NRC of its intent to file the formal application in 2018, with a decision expected by 2020 or 2021. Peach Bottom’s two current operating licenses will expire in 2033 and 2034. If approved, the extended operating license will allow the plant to operate until 2053 and 2054, as long as it continues to meet the NRC’s stringent requirements for safety and operational performance.</div><div><br></div><div>U.S. nuclear energy facilities are initially licensed to operate for 40 years and an NRC rule allows licensees to apply for extensions of up to 20 years after the initial 40-year term. </div><div><br></div><div>A license alone does not allow a nuclear station to run. It is merely a period of time for which the plant is allowed to operate as long as it complies with NRC safety regulations. If any U.S. nuclear facility fails to run safely at any time during the licensed period, the NRC can shut it down. </div><div><br></div><div>The NRC’s license renewal process will take many years and will require a comprehensive review of the plant’s robust design and multiple, redundant safety systems, as well as a public comment period. </div><div>Peach Bottom Atomic Power Station is located on the west bank of the Conowingo Pond (Susquehanna River) in York County, Pa. The station is home to two boiling water reactors capable of powering more than 2.25 million homes and businesses. Both reactors began commercial operation in 1974. Join us on <a href="https://twitter.com/ExelonNuclear">Twitter </a>and <a href="https://www.youtube.com/user/ExelonGeneration">YouTube​</a>​.</div>http://www.exeloncorp.com/newsroom/peach-bottom-seeks-extended-operating-license6/7/2016 4:30:00 PM

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Kenneth W. CornewGP0|#fde14288-abab-499f-a00c-4b9efe367a54 L0|#0fde14288-abab-499f-a00c-4b9efe367a54|Exelon Corporate GTSet|#bb697efb-4d63-4298-b4d0-ab279caf3fe8 GP0|#036d7cad-49e3-4a98-8821-efa704301d6d L0|#0036d7cad-49e3-4a98-8821-efa704301d6d|Exelon GenerationSenior Executive Vice President and Chief Commercial Officer, Exelon Corporation; President and CEO, Exelon GenerationKennethCornew<img alt="" src="/leadership-and-governance/executives/PublishingImages/Ken_Cornew.png?RenditionID=11" style="BORDER:0px solid;" />http://www.exeloncorp.com/leadership-and-governance/executives/kenneth-w-cornewKenneth W. Cornew
Ron DeGregorioGP0|#036d7cad-49e3-4a98-8821-efa704301d6d L0|#0036d7cad-49e3-4a98-8821-efa704301d6d|Exelon Generation GTSet|#bb697efb-4d63-4298-b4d0-ab279caf3fe8Senior Vice President, Exelon Generation; President, Exelon PowerRonDeGregorio<img alt="" src="/leadership-and-governance/executives/PublishingImages/Ron_DeGregorio.png?RenditionID=11" style="BORDER:0px solid;" />http://www.exeloncorp.com/leadership-and-governance/executives/ron-degregorioRon DeGregorio
Bryan HansonGP0|#036d7cad-49e3-4a98-8821-efa704301d6d L0|#0036d7cad-49e3-4a98-8821-efa704301d6d|Exelon Generation GTSet|#bb697efb-4d63-4298-b4d0-ab279caf3fe8Senior Vice President, Exelon Generation, and President and Chief Nuclear Officer, Exelon Nuclear BryanHanson<img alt="" src="/leadership-and-governance/executives/PublishingImages/Bryan_Hanson.png?RenditionID=undefined" style="BORDER:0px solid;" />http://www.exeloncorp.com/leadership-and-governance/executives/bryan-hansonBryan Hanson
Michael PacilioGP0|#036d7cad-49e3-4a98-8821-efa704301d6d L0|#0036d7cad-49e3-4a98-8821-efa704301d6d|Exelon Generation GTSet|#bb697efb-4d63-4298-b4d0-ab279caf3fe8Executive Vice President and Chief Operating Officer, Exelon GenerationMichaelPacilio<img alt="" src="/leadership-and-governance/executives/PublishingImages/Mike_Pacilio.png?RenditionID=11" style="BORDER:0px solid;" />http://www.exeloncorp.com/leadership-and-governance/executives/michael-pacilioMichael Pacilio