- published: 16 Feb 2015
- views: 99
Exelon Corporation is an American energy generator and distributor headquartered in the Chase Tower in the Chicago Loop area of Chicago, Illinois, United States. Exelon is the largest operator of nuclear power plants in the United States. 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 operates regulated utilities in Illinois, Pennsylvania, and Maryland. In October 2009, Exelon had full or majority ownership of 17 nuclear reactors in 10 nuclear power plants. Exelon has operations and business activities in 47 states, the District of Columbia and Canada and is the largest competitive U.S. power generator with approximately 35,000 megawatts of owned capacity. Exelon merged with Constellation Energy Group in March 2012.
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. The two companies later broke off the agreement due to pressure put on the NJ Board of Public Utilities by public interest groups, including New Jersey Citizen Action. The merger sat pending in front of the NJBPU for nineteen months before Exelon concluded that they were fighting a losing battle. On April 28, 2011 Exelon announced a merger with Constellation Energy for $7.9 billion with the combined company will own more than 34 gigawatts of power generation (55 percent nuclear, 24 percent natural gas, 8 percent renewable including hydro, 7 percent oil and 6 percent coal). The merger was completed on March 12, 2012.
Exelon Corp - Why Invest in
Christopher M. Crane, President and Chief Executive Officer, Exelon Corporation
Exelon Corporation (EXC)
Company Profile: Exelon Corp. (NYSE:EXC)
SP: The Exelon Corp. - Constellation Energy Group Merger Agreement: What's Behind...
Energy for the Community: Exelon Corporation
Exelon Corp Said It Plans To Invest $5 Billion In Clean Energy Over Next 5 Years
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Exelon Corp. Trims 2010, 2011 Earnings Forecasts; Cites Higher Pension Costs, Taxes
Exelon Corporation Lives United
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Christopher M. Crane, President and Chief Executive Officer, Exelon Corporation, speaks with Economic Club President David M. Rubenstein on October 30, 2014
(04-21-08) We are all a product of our environment. Exelon Corporation (EXC)
The company distributes electricity to 5.4 million customers in northern Illinois (including Chicago) and southeastern Pennsylvania (including Philadelphia) through subsidiaries Commonwealth Edison (ComEd) and PECO Energy. PECO also distributes natural gas to 485,000 customers. Subsidiary Exelon Generation holds the company's power plants, whose production capacity is just about 25,000 MW. About two-thirds of Generation's power is nuclear. Exelon Power Team is a top wholesale energy marketer, and Exelon Energy markets retail power and offers other energy-related services.
April 29, 2011 - On April 28, 2011, Standard & Poor's affirmed its 'BBB' corporate credit rating on Chicago-based diversified energy company Exelon Corp. and its utility and unregulated supply company after Exelon announced that it had agreed to merge with Baltimore-based Constellation Energy Group Inc. Our outlook on the Exelon companies is stable. We also placed our corporate credit ratings for Constellation on CreditWatch with positive implications and affirmed our 'BBB+' ratings on its subsidiary, Baltimore Gas & Electric Co. The outlook on Baltimore Gas is stable. In this CreditMatters TV segment, Managing Director Richard Cortright and credit analyst Aneesh Prabhu discuss the details of the merger agreement, what spurred our rating actions, and what could lie ahead for these issuers....
Under its “Energy for the Community” program, Exelon works to improve the quality of life in its communities through corporate giving and employee volunteerism and personal financial contributions. Programs include: corporate and foundation grant making, employee volunteering, the employee giving campaign, matching gifts and corporate donations to organizations where employees volunteer.
"Exelon Corporation (NYSE:EXC) said it plans to invest nearly $5 billion in clean energy over the next five years. The electricity company will focus the new projects in in Illinois and Pennsylvania. The ventures will include smart grid, energy-efficiency and renewable energy initiatives. Exelon is the largest owner of nuclear plants in the U.S. The move is an effort to reduce the company's carbon footprint to the company's 2001 level by 2020. In October, EXC reported earnings that showed third quarter profit rising by 12%. The stock closed Wednesday at a price of $40 even, rising near half-a-percent on the day."
4/5/2010-Exelon Corp. (NYSE:EXC) announced that it expects to take a first-quarter charge of $65 million on income tax expenses stemming from the US health-care law. Shares of the company haven't started trading Monday morning.
Power company Exelon Corp. (EXC) is up fractionally, gaining $0.22 to $41.86 this morning, despite trimming its FY10 and FY11 earnings forecasts, blaming recent tax legislation combined with the need to make larger contributions to its pension funds. EXC officials said federal tax legislation adoped late last year will reduce Exelon's 2010 earnings by about $0.01 a share in the now-concluded FY10 while cutting 2011 earning by $0.11 per share after lawmakers trimmed a manufacturing tax deduction. EXC previously forecast a FY10 EPS of between $3.95 to $4.10 a share but cut those estimates $0.05 to account for the added pension cost and the higher taxes. FY11 earnings are expected to slip about $0.03 a share from earlier guidance, EXC said. Exelon is up 0.5% Monday midday at a price o...
Description Exelon Corporation shares a video showcasing their employee support. Exelon is an incredible financial supporter but also donates a tremendous amount of volunteer time. Thank you, Exelon!
In his sign
You will see these golden letters
Make sure that no one enters
My mighty high house
During the years
Every desire slowly walked in
Decorated walls are talking
Of riches and fame
And now he can tell
When your heart is made out of gold
It's going to weigh like hell
Ever wonder if all was worthwhile?
Seen through the haze?
You never found
Pockets in the shroud
Hear the thunder and brimstone raining
The rats in the race
They never found
Pockets in the shroud
What is left
Not so much of children's stories
But a basement full of worries
Deep underground
Once long ago
All the crossing roads were still there
When your hair has long since turned silver
There is no return
Who would have believed
A fool had built a house out of
The years he left unlived
Sky is coming down
Lightshow and the bitter rain
Echoing sound of pairs of boots
They are walking up a hill
On the borderlines of sleep
On such a day