Exelon


Exelon

Infobox_Company
company_name = Exelon Corporation
company_
company_type = Public (nyse|EXC)
company_slogan =
foundation = Merger of PECO Energy and Unicom in October (2000)
location = Chicago, Illinois, USA
key_people = John W. Rowe, CEO, Chairman, & President
num_employees = 17,200 (2007)
industry = Electric Utility
revenue = profit$15.656 Billion USD (2006)
net_income = profit$1.59 Billion USD (2006)
products = Electricity, Natural Gas
homepage = [http://www.exeloncorp.com/ exeloncorp.com]

Exelon Corporation (NYSE|EXC) is an electricity generating and distributing company headquartered in Chicago. It was created in October, 2000 by the merger of PECO Energy Company and Unicom, of Philadelphia and Chicago respectively. Unicom owned Commonwealth Edison. Exelon has 5.2 million electricity customers and, in the Philadelphia suburbs, 460,000 natural gas customers.

In June, 2005 Exelon had full or majority ownership of 19 nuclear reactors in 11 nuclear power plants.

On June 30, 2005 the Federal Energy Regulatory Commission approved the merger of Exelon and Public Service Enterprise Group Inc., a New Jersey utility. Under this merger, Exelon would have become the largest utility in the United States. [http://www.msnbc.msn.com/id/8419580] The two companies later broke off the agreement [http://www.pseg.com/media_center/pressreleases/articles/2006/2006-09-14b.jsp Press Releases ] ] due to pressure put on the NJ Board of Public Utilities by public interest groups, including New Jersey Citizen Action. [ [http://www.njcitizenaction.org/news/util074.html NJCA in the News ] ] The merger sat pending in front of the NJBPU for nineteen months before Exelon concluded that they were fighting a losing battle.

A shareholder resolution filed by one Exelon shareholder for the Company's 2008 annual meeting criticizes executive pay levels at the Company.(see [http://www.exelonpaywatch.org/] )

Political activity

Exelon's Political Action Committee is EXELONPAC. [ [http://www.opensecrets.org/pacs/lookup2.php?strID=C00141218 Exelon Corp | OpenSecrets ] ]

Exelon facilities

Nuclear generation

Exelon is a leading nuclear power plant operator in the United States.

*Braidwood Nuclear Generating Station (Illinois)
*Byron Nuclear Generating Station (Illinois)
*Clinton Nuclear Generating Station (Illinois)
*Dresden Nuclear Power Plant (Illinois)
*LaSalle County Nuclear Generating Station (Illinois)
*Limerick Nuclear Power Plant (Pennsylvania)
*Oyster Creek Nuclear Generating Station (New Jersey)
*Peach Bottom Nuclear Generating Station (Pennsylvania)
*Quad Cities Nuclear Generating Station (Illinois)
*Salem Nuclear Power Plant (New Jersey) (minority owner)
*Three Mile Island Nuclear Generating Station (Pennsylvania)
*Zion Nuclear Power Station (Illinois) (reactors inactive)

Other generation

Hydro

*Conowingo Dam (Maryland)
*Muddy Run Pumped Storage Facility (Pennsylvania)

Fossil Fuel

Numerous sites in:
* Southeastern Pennsylvania
* Massachusetts
* Illinois
* Texas

Renewable

* Fairless Hills Generating Station (Pennsylvania) (landfill gass)
* Mill Run Wind Farm (Pennsylvania)
* Mountaineer Wind Energy Center (West Virginia)
* Somerset Wind Farm (Pennsylvania)
* Waymart Wind Energy Center (Pennsylvania)Exelon does not own the wind farms, but has an agreement for their entire output.

Environmental Record

In 2005 Exelon was required to pay $602,000 for exceeding the permitted sulfur dioxide emission limit from April through October 2004 at Cromby Generating Station in Chester County, Pennsylvania. [ [http://www.ens-newswire.com/ens/jun2005/2005-06-30-09.asp#anchor4 AmeriScan: June 30, 2005 ] ]

External links

* [http://www.exeloncorp.com/ Exelon Corporation website]

References


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