Powering a sustainable future starts now

This is a pivotal time for the energy industry—future energy demands must be met with less impact on our climate and with minimal burden on the nation’s economy. To meet these challenges, the Exelon family of companies strives for the highest standards in all aspects of energy, from generation to marketing to delivery.

We are committed to our vision to be the best group of electric generation and electric and gas delivery companies in the United States. Exelon is one of the best run and most profitable companies in the industry. We have the best low-cost, low-carbon generation fleet in the country, which we operate with world-class efficiency.

Goals

Our vision includes the following energy goals.

• 1. Capitalize on environmental leadership and clean nuclear energy.
• 2. Run the nuclear fleet at world-class levels.
• 3. Enhance the value of our generation.
• 4. Keep the lights on and the gas flowing.

1. Capitalize on environmental leadership and clean nuclear energy

The Brattle Group, based on data from Department of Energy’s 2008 Annual Energy Outlook, estimates that we will need to build 219 gigawatts (GW) of new generation at a cost of almost $700 billion to meet future energy needs.

Public concern about climate change is bringing new demand for environmentally friendly products and services to meet future energy needs and Exelon is leading the way. Exelon’s nuclear fleet, diverse renewable energy portfolio—hydroelectric, wind, landfill gas, solar - and responsible fossil generation position us to meet this growing demand.

• Exelon Generation owns 638 megawatts (MW) of hydroelectric and landfill gas capacity and 1,072 MW of pumped storage capacity.
• We invested $62 million to partner with SunPower Corp. to convert an abandoned industrial site on Chicago’s South Side into the nation’s largest urban solar power plant.
• Exelon is the largest wholesale marketer of wind energy east of the Mississippi.  Exelon’s Power Team purchases and resells enough electricity to power 100,000 homes from wind farms in Illinois, Pennsylvania and West Virginia.
• Exelon fossil generation includes 3 primary coal-fired units, as well as 31 natural gas units, used during times of peak energy demand.  We have invested in low-carbon technologies, such as wet magnesium oxide scrubbers on our coal units, to reduce the greenhouse gas (GHG) emission rates.
• We believe additional nuclear power will be necessary to transition to a low-carbon future as it already supplies the vast majority of the U.S.’s low-carbon electricity while emitting virtually no GHG emissions.

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2. Run the nuclear fleet at world-class levels

Exelon owns and operates the largest nuclear fleet in the nation and the third largest fleet in the world. Exelon’s 10 power plants with 17 reactors represent approximately 20% of the U.S. nuclear industry’s power capacity.

• Exelon’s nuclear plants had an overall capacity factor of 93.6% in 2009; the seventh straight year our capacity factor exceeded 93%.
• We have increased the output capability of existing nuclear units by approximately 1,100 MW since 1999 through power uprates and efficiency improvements.
• We are investing $3.5 billion over the next several years in additional output increases to our nuclear fleet that will generate the same amount of low-carbon power as a new nuclear plant without turning a spade of earth.

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3. Enhance the value of our generation

Exelon Generation has one of the nation’s largest portfolios of electricity generation capacity with access to approximately 38,000 MW of owned and contracted electricity and nationwide reach with strong positions in the Midwest, Mid-Atlantic and Texas.

•  Exelon’s diverse generating portfolio enables us to be competitive in regional power markets and meet demand during the intermediate seasons and peak periods.
•  Exelon Power Team’s ability to maintain reliable delivery to its wholesale customers has established us as a preferred energy supplier throughout the industry.  Power Team’s credit rating, supported by its portfolio management and financial hedging capabilities, is among the best in the industry.
•  Competitive markets have provided Exelon with the economic incentive to double the effective output of its existing fleet which drives down wholesale electricity prices, without building a single reactor.

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4. Keep the lights on and the gas flowing

Exelon’s delivery companies, ComEd in northern Illinois and PECO in southeastern Pennsylvania, strive to be the most reliable utilities in the nation. Our utility customers depend on us to keep the lights on and the gas flowing so we work diligently to improve our infrastructure and safety performance.

•  Since 2000, ComEd has invested about $4.7 billion to expand, upgrade and maintain the reliability of its system serving 3.8 million customers in Northern Illinois through a transmission and distribution infrastructure modernization and enhancement program.  Since 1998, service reliability has improved significantly, reducing outage frequencies by 54% and duration by 59%.
•  PECO will spend about $400 million in 2009 for infrastructure improvements and new facilities to improve service reliability, field productivity and system performance, as well as investments to improve energy efficiency at several company facilities. About $142 million is allocated for the projects to modernize or replace older facilities and expand electric and gas capacity in certain communities due to increased energy consumption and local growth.

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