Exelon 2008 Annual Report Download - page 45

01฀ Introduction
02฀ Letter฀to฀Shareholders
08฀ Exelon’s฀Vision฀Statement
10฀ Our฀Financial฀Advantage
12฀ Our฀Operating฀Advantage
14฀ Our฀Environmental฀Advantage
16฀ Our฀Human฀Advantage
18฀ Exelon฀at฀a฀Glance
20฀ Executive฀Committee
21฀ Board฀of฀Directors
22฀฀฀ Financial฀Section
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Forward-Looking฀Statements฀This฀report฀includes฀forward-looking฀statements฀including,฀for฀example,฀statements฀regarding฀benefits฀of฀the฀proposed฀merger,฀integration฀plans฀and฀expected฀synergies.฀
There฀are฀a฀number฀of฀risks฀and฀uncertainties฀that฀could฀cause฀actual฀results฀to฀differ฀materially฀from฀the฀forward-looking฀statements฀made฀herein.฀The฀factors฀that฀could฀cause฀actual฀results฀to฀differ฀
materially฀from฀these฀forward-looking฀statements฀include฀Exelon’s฀ability฀to฀achieve฀the฀synergies฀contemplated฀by฀the฀proposed฀transaction,฀Exelon’s฀ability฀to฀promptly฀and฀effectively฀integrate฀the฀
businesses฀of฀NRG฀and฀Exelon,฀and฀the฀timing฀to฀consummate฀the฀proposed฀transaction฀and฀obtain฀required฀regulatory฀approvals฀as฀well฀as฀those฀discussed฀in฀(1)฀Exelon’s฀preliminary฀prospectus/offer฀to฀
exchange฀that฀is฀contained฀in฀the฀Registration฀Statement฀on฀Form฀S-4,฀Reg.฀No.฀333-155278,฀that฀Exelon฀has฀filed฀with฀the฀SEC฀in฀connection฀with฀the฀Offer;฀(2)฀Exelon’s฀2008฀Annual฀Report฀on฀Form฀10-K฀in฀
(a)฀ITEM฀1A.฀Risk฀Factors,฀(b)฀ITEM฀7.฀Management’s฀Discussion฀and฀Analysis฀of฀Financial฀Condition฀and฀Results฀of฀Operations฀and฀(c)฀ITEM฀8.฀Financial฀Statements฀and฀Supplementary฀Data:฀Note฀18;฀and฀฀
(3)฀other฀factors฀discussed฀in฀Exelon’s฀filings฀with฀the฀SEC.฀Readers฀are฀cautioned฀not฀to฀place฀undue฀reliance฀on฀these฀forward-looking฀statements,฀which฀apply฀only฀as฀of฀the฀date฀of฀this฀report.฀Exelon฀
does฀not฀undertake฀any฀obligation฀to฀publicly฀release฀any฀revision฀to฀its฀forward-looking฀statements฀to฀reflect฀events฀or฀circumstances฀after฀the฀date฀of฀this฀report,฀except฀as฀required฀by฀law.
Statements฀made฀in฀connection฀with฀the฀exchange฀offer฀are฀not฀subject฀to฀the฀safe฀harbor฀protections฀provided฀to฀forward-looking฀statements฀under฀the฀Private฀Securities฀Litigation฀Reform฀Act฀of฀1995.
On฀the฀cover:฀Located฀on฀the฀Susquehanna฀River฀in฀northern฀Maryland,฀Conowingo฀is฀a฀“run฀of฀the฀river”฀hydroelectric฀plant฀that฀has฀been฀providing฀electric฀power฀to฀the฀regional฀system฀
since฀1928.฀Over฀time,฀the฀station฀has฀been฀expanded฀from฀seven฀to฀11฀turbines฀and฀today฀provides฀more฀than฀500฀MW฀of฀clean฀energy.
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investor฀and฀general฀information
Corporate฀Headquarters
Exelon฀Corporation
P.O.฀Box฀805398
Chicago,฀IL฀60680-5398
Shareholder฀Services
800.626.8729
Employee฀Plan฀Services
888.396.7865
Investor฀Relations฀Voice฀Mailbox
312.394.2345
Independent฀Public฀Accountants
PricewaterhouseCoopers฀LLP
Web฀site
www.exeloncorp.com
Stock฀Ticker
EXC
Shareholder฀Inquiries
Exelon฀Corporation฀has฀appointed฀BNY฀Mellon฀Shareowner฀Services฀as฀its฀transfer฀agent,฀stock฀registrar,฀dividend฀disbursing฀agent฀
and฀dividend฀reinvestment฀agent.฀Should฀you฀have฀questions฀concerning฀your฀registered฀shareholder฀account฀or฀the฀payment฀
or฀reinvestment฀of฀your฀dividends,฀or฀if฀you฀wish฀to฀make฀a฀stock฀transaction฀or฀stock฀transfer,฀you฀may฀call฀shareholder฀services฀
at฀BNY฀Mellon฀at฀the฀toll-free฀number฀shown฀to฀the฀left฀or฀access฀their฀website฀at฀www.bnymellon.com/shareowner/isd.
Computershare฀Trust฀Company฀N.A.฀administers฀the฀Employee฀Stock฀Purchase฀Plan฀(ESPP),฀the฀Employee฀Stock฀Purchase฀Plan฀for฀
Unincorporated฀Subsidiaries฀(ESPPUS),฀and฀employee฀stock฀options.฀Should฀you฀have฀any฀questions฀concerning฀your฀employee฀
plan฀shares฀or฀wish฀to฀make฀a฀transaction,฀you฀may฀call฀the฀toll-free฀number฀for฀Employee฀Plan฀Services฀shown฀to฀the฀left฀or฀
access฀their฀web฀site฀at฀www-us.computershare.com/employee.฀
The฀Company฀had฀approximately฀140,000฀holders฀of฀record฀of฀its฀common฀stock฀as฀of฀Dec.฀31,฀2008.
The฀2008฀Form฀10-K฀Annual฀Report฀to฀the฀Securities฀and฀Exchange฀Commission฀was฀filed฀on฀Feb.฀6,฀2009.฀To฀obtain฀a฀copy฀฀
without฀charge,฀write฀to฀Katherine฀K.฀Combs,฀Senior฀Vice฀President,฀Corporate฀Governance,฀Deputy฀General฀Counsel฀and฀
Corporate฀Secretary,฀Exelon฀Corporation,฀Post฀Office฀Box฀805398,฀Chicago,฀Illinois฀60680-5398.
The฀Company฀maintains฀a฀telephone฀information฀service,฀which฀enables฀investors฀to฀obtain฀currently฀available฀information฀on฀
financial฀performance,฀company฀news฀and฀to฀access฀shareholder฀services฀at฀BNY฀Mellon.฀To฀use฀this฀service,฀please฀call฀our฀฀
toll-free฀number,฀1.866.530.8108.
©฀2009฀Exelon฀/฀design:฀Paragraphs฀Design,฀Chicago฀/฀editor:฀Kirsten฀Curley,฀Exelon฀Corp.฀/฀photos฀(excluding฀p฀14):฀Amos฀Chan฀/฀CEO฀and฀Executive฀Committee฀photos:฀Ron฀Wu฀/฀printing:฀Lithographix
Important฀Additional฀Information฀This฀report฀relates,฀in฀part,฀to฀the฀offer฀(the฀“Offer”)฀by฀Exelon฀to฀exchange฀each฀issued฀and฀outstanding฀share฀of฀common฀stock฀of฀NRG฀Energy,฀Inc.฀(“NRG”)฀for฀0.485฀of฀a฀
share฀of฀Exelon฀common฀stock.฀This฀report฀is฀for฀informational฀purposes฀only฀and฀does฀not฀constitute฀an฀offer฀to฀exchange,฀or฀a฀solicitation฀of฀an฀offer฀to฀exchange,฀NRG฀shares,฀nor฀is฀it฀a฀substitute฀for฀the฀
exchange฀offer฀documents฀previously฀filed฀by฀Exelon฀with฀the฀Securities฀and฀Exchange฀Commission฀(the฀“SEC”).฀The฀Offer฀is฀made฀only฀through฀the฀exchange฀offer฀documents.฀
฀ Exelon฀has฀filed฀a฀preliminary฀proxy฀statement฀and฀other฀relevant฀documents฀with฀the฀SEC฀in฀connection฀with฀the฀solicitation฀of฀proxies฀for฀the฀2009฀annual฀meeting฀of฀NRG฀stockholders฀(the฀“NRG฀
Meeting”).฀Exelon฀will฀file฀a฀proxy฀statement฀and฀other฀relevant฀documents฀with฀the฀SEC฀in฀connection฀with฀its฀solicitation฀of฀proxies฀for฀a฀meeting฀of฀Exelon฀shareholders฀(the฀“Exelon฀Meeting”)฀to฀be฀
called฀in฀order฀to฀approve฀the฀issuance฀of฀shares฀of฀Exelon฀common฀stock฀pursuant฀to฀the฀Offer.฀
฀ Investors฀and฀security฀holders฀are฀urged฀to฀read฀the฀NRG฀Meeting฀proxy฀statement,฀the฀Exelon฀Meeting฀proxy฀statement,฀the฀exchange฀offer฀documents฀referred฀to฀above฀and฀other฀relevant฀materials฀
as฀they฀become฀available,฀because฀they฀will฀contain฀important฀information.฀Investors฀and฀security฀holders฀can฀obtain฀copies฀of฀the฀materials฀described฀above฀(and฀all฀other฀related฀documents฀filed฀with฀the฀
SEC)฀at฀no฀charge฀on฀the฀SEC’s฀website:฀www.sec.gov.฀Exelon,฀Exelon฀Xchange฀Corporation฀(“Xchange”)฀and฀the฀individuals฀nominated฀by฀Exelon฀for฀election฀to฀NRG’s฀Board฀of฀Directors฀will฀be฀participants฀
in฀the฀solicitation฀of฀proxies฀from฀the฀NRG฀stockholders฀for฀the฀NRG฀Meeting.฀Exelon฀and฀Xchange฀will฀be฀participants฀in฀the฀solicitation฀of฀proxies฀from฀Exelon฀shareholders฀for฀the฀Exelon฀Meeting.฀฀
In฀addition,฀certain฀directors฀and฀executive฀officers฀of฀Exelon฀and฀Xchange฀may฀solicit฀proxies฀for฀the฀Exelon฀Meeting฀and฀the฀NRG฀Meeting.
corporate฀profile
Exelon฀Corporation฀is฀one฀of฀the฀nation’s฀largest฀electric฀utilities฀with฀approximately฀$19฀billion฀in฀annual฀revenues.฀The฀company฀has฀one฀of฀the฀industry’s฀largest฀฀
portfolios฀of฀electricity฀generation฀capacity,฀with฀a฀nationwide฀reach฀and฀strong฀positions฀in฀the฀Midwest฀and฀Mid-Atlantic.฀Exelon฀distributes฀electricity฀to฀approximately฀
5.4฀million฀customers฀in฀northern฀Illinois฀and฀southeastern฀Pennsylvania฀and฀natural฀gas฀to฀approximately฀485,000฀customers฀in฀the฀Philadelphia฀area.฀Exelon฀is฀฀
headquartered฀in฀Chicago฀and฀trades฀on฀the฀NYSE฀under฀the฀ticker฀EXC.