Exelon
 | |
| Company type | Public (NYSE: EXC) |
|---|---|
| Industry | Electric Utility |
| Founded | Merger of PECO Energy and Unicom in October (2000) |
| Headquarters | Chicago, Illinois, USA |
Key people | John W. Rowe, CEO, Chairman, & President |
| Products | Electricity, Natural Gas |
| Revenue |  $15.656 Billion USD (2006) |
3,315,000,000 United States dollar (2022)  | |
| $1.59 Billion USD (2006) | |
| Total assets | 95,350,000,000 United States dollar (2022) |
Number of employees | 17,200 (2007) |
| Website | 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.[1] The two companies later broke off the agreement[2] due to pressure put on the NJ Board of Public Utilities by public interest groups, including New Jersey Citizen Action.[3]The merger sat pending in front of the NJBPU for nineteen months before Exelon concluded that they were fighting a losing battle.[4]
A shareholder resolution filed by one Exelon shareholder for the Company's 2008 annual meeting criticizes executive pay levels at the Company.(see [1])
Political activity
Exelon facilities
Nuclear generation
- 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
Exelon was required to pay $602,000 for emission violations in 2005. Exelon has large facilities that are electric generating stations and petroleum refineries that pollute the environment. Exelon has permits on how many certain chemicals may be released into the environment. In the year 2004 from April to October, they had emitted more sulfur dioxide than they were permitted.[5] Power plants emit carbon dioxide, which contributes to the greenhouse effect. Exelon produces about 90% of its electricity from power plants, causing Exelon along with other power plant manufactures to be one of the main leading polluters in the industry world.[6] In a study done to show how many pounds of Benzene equivalents were emitted in the air, Exelon was at the top of the list with 13,000,000 lbs. Benzene emissions have been linked to cancer and water pollution[7]