May 14, 2012
Exelon CEO Chris Crane Media Statement on Illinois Pension Reform
Exelon and ComEd, along with the State Chamber, the Civic Committee of the Commercial Club of Chicago, the Civic Federation and others support Governor Pat Quinn's call to action to reform Illinois' pension laws and review Medicaid policy this session.
Chicago – Exelon and ComEd, along with the Illinois State Chamber, the Civic Committee of the Commercial Club of Chicago, the Civic Federation and others support Governor Pat Quinn's call to action to reform Illinois' pension laws and review Medicaid policy this legislative session. These steps are required to improve the financial health of the State of Illinois, rebuild a sustainable platform for economic recovery and growth, and improve the business climate necessary for job growth.
We recognize that pensions are important to everyone and provide a level of security and quality of life that people work their entire lives to achieve. However, the current structure is in dire need of change that, without it, threatens the entire financial integrity of the state and the future of many public employees.
The Governor and the leaders of the General Assembly are taking bold, courageous steps to improve the financial integrity of Illinois, and thereby enhancing us as an economic powerhouse in the country.
Exelon Corporation (NYSE:EXC) is the nation’s leading competitive energy provider, with approximately $33 billion in annual revenues. Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. Exelon is the largest competitive U.S. power generator, with approximately 35,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon’s utilities deliver electricity and natural gas to more than 6.6 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO).