Profile: Exelon Corp (EXC.N)
9 Dec 2013
Exelon Corporation (Exelon) is an energy provider and holding company for several energy businesses. Exelon is engaged in the energy generation business through its Exelon Generation Company, LLC (Generation) subsidiary; wholesale and retail energy sales through its Constellation business unit, and the energy delivery business through its Baltimore Gas and Electric (BGE), Commonwealth Edison Company (ComEd) and PECO Energy Company (PECO) subsidiaries. It operates in 47 states, the District of Columbia and Canada. Exelon Generation has approximately 35,000 megawatts of owned capacity. Constellation 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, northern Illinois and southeastern Pennsylvania. On March 12, 2012, Constellation Energy Group, Inc. merged into Exelon. In December 2012, the Company sold its three Maryland coal-fired power plants to Raven Power Holdings LLC (Raven Power).
In August 2012, the Company sold its interest in five California power plants to IHI Corp. It includes two coal-powered and three biomass-based plants-with a total generation capacity of 70 megawatts. IHI acquired Exelon's 50% interest in four power plants and 45% interest in one plant. On September 30, 2011, Generation acquired Antelope Valley Solar Ranch One. On August 24, 2011, Generation acquired Wolf Hollow, LLC.
Exelon Generation Company, LLC
Generation is an electric generation company. Generation’s business consists of its owned and contracted electric generating facilities, its wholesale energy marketing operations and its retail supply operations. Generation has three reportable segments, which consists of the Mid-Atlantic, Midwest, and South and West regions. As of December 31, 2011, Generation owned generation resources with an aggregate net capacity of 25,544 megawatt, including 17,115 megawatt of nuclear capacity. Generation controlled another 5,025 megawatt of capacity through long-term contracts. Generation’s retail business provides retail electric and gas services as an unregulated retail energy supplier in Illinois, Pennsylvania, Michigan and Ohio.
Mid-Atlantic represents Generation’s operations primarily in Pennsylvania, New Jersey and Maryland (approximately 35% of capacity); Midwest includes the operations in Illinois, Indiana, Michigan and Minnesota (approximately 45% of capacity); and the South and West includes operations primarily in Texas, Georgia, Oklahoma, Kansas, Missouri, Idaho and Oregon (approximately 20% of capacity). As of December 31, 2011, Generation had ownership interests in 11 nuclear generating stations in service, consists of 19 units with an aggregate of 17,115 megawatt of capacity. Generation wholly owns all of its nuclear generating stations, except for Quad Cities Generating Station (75% ownership), Peach Bottom Generating Station (50% ownership) and Salem Generating Station (Salem) (42.59% ownership).
Commonwealth Edison Company
Commonwealth Edison Company is engaged principally in the purchase and regulated retail sale of electricity and the provision of distribution and transmission services to a diverse base of residential, commercial and industrial customers in northern Illinois. ComEd’s retail service has an area of approximately 11,400 square miles and an estimated population of nine million. The service territory includes the City of Chicago, an area of about 225 square miles with an estimated population of three million. As of December 31, 2011, ComEd had approximately 3.8 million customers.
PECO Energy Company
PECO is engaged principally in the purchase and regulated retail sale of electricity and the provision of transmission and distribution services to retail customers in southeastern Pennsylvania, including the City of Philadelphia, as well as the purchase and regulated retail sale of natural gas and the provision of distribution services to retail customers in the Pennsylvania counties surrounding the City of Philadelphia. PECO’s combined electric and natural gas retail service territory has an area of approximately 2,100 square miles and an estimated population of four million. PECO provides electric distribution service in an area of approximately 1,900 square miles, with a population of approximately 3.9 million, including approximately 1.5 million in the City of Philadelphia. PECO provides natural gas distribution service in an area of approximately 1,900 square miles in southeastern Pennsylvania adjacent to the City of Philadelphia, with a population of approximately 2.4 million. PECO delivers electricity to approximately 1.6 million customers and natural gas to approximately 4,94,000 customers.
48th Floor, 10 S. Dearborn Stree
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