Exelon

John Rowe discusses how cap-and-trade legislation works to limit costs

CHICAGO (Nov. 16, 2009) – Exelon Chairman and CEO John W. Rowe said today that current legislative proposals on climate will minimize costs to consumers while addressing the imminent threat of global warming. In a keynote speech at the National Association of Regulatory Utility Commissioners annual convention, Rowe said a cap-and-trade system is cheaper than any of the alternatives and current proposals include protections to avoid sharp price increases for consumers.

“I believe the Senate can pass bipartisan climate legislation this Congress,” said Rowe. “The support of wavering senators will turn on whether they are reassured on the issue of costs, and I am confident they will be.”    » read more »

Company cites additional upside value identified since initial offer; also shares details on financing

CHICAGO (July 2, 2009) -- Exelon Corporation (NYSE:EXC) today announced an increase in its offer to acquire all of the outstanding NRG common stock in an all-stock transaction with a fixed exchange ratio of 0.545 of a share of Exelon common stock for each NRG share, a 12.4 percent increase over the initial exchange offer of 0.485. Exelon’s increased offer represents value of over $3 billion to NRG shareholders.    » read more »

U.S. District Court Upholds Exelon’s Exchange Offer to Acquire NRG; Court ruling that NRG allegations are without merit considered a major step in proposed acquisition

CHICAGO (June 22, 2009) – The U.S. District Court for the Southern District of New York today ruled that the remaining allegations raised in a suit filed by NRG Energy, Inc. (NYSE:NRG) on March 17 are without merit.

The court had earlier dismissed other allegations in NRG’s lawsuit. By order dated June 19, the judge rejected NRG’s remaining claim that Exelon Corporation (NYSE:EXC) does not intend to complete the exchange offer according to its terms and entered judgment in favor of Exelon.    » read more »

Company expects to achieve $350 million in savings

CHICAGO (June 18, 2009) – Exelon Corporation announced today it has reorganized its senior executive team and structure to reflect a leaner corporate management model. These and related changes are driven by economic challenges confronting all parts of Exelon’s business and industry, including the need for continued focus on cost management through enhanced efficiency and productivity, as well as the need to reflect the commodity-driven nature of Exelon Generation’s markets.    » read more »

June 8, 2009 – CHICAGO – The Chicago Council on Global Affairs today released a task force report, Embracing the Future: The Midwest and a New National Energy Policy, that calls upon the Midwest to turn the challenge of energy and climate policy creation to its economic advantage. With new data and analysis, the report shows that while the costs of curbing carbon emissions are stark, the costs of delaying action are starker. Prompt enactment of national climate change legislation is essential to the Midwest’s future prosperity and competitiveness.    » read more »

Company on track to meet targeted 25 percent energy reduction commitment by 2012 as part of strategy to reduce emissions, address climate change

CHICAGO (May 26, 2009) – As part of its ongoing effort to address climate change, Exelon announced today that, as of the end of 2008, it had reduced energy use across its facilities by 16 percent from 2001 levels, and is on track to meet its goal of a 25 percent reduction in energy consumption by 2012.

The total reduction to date of 113,000 MBTU (million British thermal units) represents more than 19,000 metric tons of greenhouse gas emissions – or enough electricity to meet the average annual energy needs of over 1,700 homes.    » read more »

CHICAGO (May 22, 2009) - Exelon Corporation announced today that it has released its annual sustainability report. Titled Sustainable Advantage, the report is part of Exelon’s continual effort to be transparent and keep the public informed of its progress on environmental, safety and community initiatives.

The report summarizes Exelon’s sustainability performance in 2008. Highlights include:

Environmental

* Inclusion in both the Carbon Disclosure Project’s Leadership Index and the Dow Jones Sustainability North America Index for the third year in a row;
* Achievement of the company’s U.S. EPA Climate Leaders goal by reducing its greenhouse gas (GHG) emissions by more than 35 percent from 2001 levels;    » read more »

Commission’s unanimous approval considered a major step in completing the regulatory approval process

CHICAGO (May 21, 2009) – The Federal Energy Regulatory Commission (FERC) today unanimously approved Exelon Corporation’s (NYSE: EXC) application for its proposed acquisition of NRG Energy, Inc. (NYSE: NRG), as required by Section 203 of the Federal Power Act, a significant step toward completion of the regulatory approval process.    » read more »