Exelon 2009 Annual Report Download - page 6
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Please find page 6 of the 2009 Exelon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.oureconomic,socialandenvironmentalperformance.Inayearthatfoundmanyinneed,ouremployees
continuedtodemonstratededicationtothecommunitiesweserve.Exelon’s“EnergyfortheCommunity”
program–throughwhichouremployeesdonatedover57,000hoursoftheirtime–wasrecognizedfor
thesecondyearinarowbyVolunteerMatchastheCorporateVolunteerProgramoftheYear.DiversityEdge
magazinenamedusatop10companyfordiversegraduates,andGIJobsmagazinerecognizedusasa
top50militaryfriendlyemployer.Ourachievements,financialandotherwise,areduetothehardwork
andfocusofouremployeesamidstpotentialdistractions.Iamdeeplyappreciativeoftheirefforts.
OUROPERATINGPERFORMANCE
Thereisnobetterexampleofsustainableperformancethanouroperatingresults.Ourfirstpriorityis
alwayssafety,andIamverygladtoreportthatExelonturnedintop-quartilesafetyperformancein2009.
Ournuclearfleet,ledbyChipPardeeandMikePacilio,againranatworld-classlevels.Thefleetrecorded
acapacityfactorof93.6%,theseventhstraightyearover93%.Wereceivedlicenserenewalsforthe
reactorsatOysterCreekandThreeMileIsland,allowingthemtogeneratezero-emissionselectricity
foranadditional20years.Andweexpandedthegeneratingcapacityofthefleetbyapproximately70
megawattsthroughcomponentreplacementsatQuadCities,DresdenandPeachBottomStations,the
firstofawaveofcapacityupratesatourplants.
ExelonPoweralsoperformedwellundertheguidanceofDoyleBeneby.Thecommercialavailabilityof
ourfossilunitswas93.7%,exceedinglastyear’smarkof89.1%.Fallingelectricitydemandanddeclining
wholesaleelectricitypricesposeasignificanthurdleforourfossilunits,particularlytheolderandless
efficientcoalplantsinPennsylvania.Asaresult,weannouncedinDecemberourintentiontopermanently
retireCrombyStationandthecoalunitsatEddystoneStation.Thisdecisionwillcreatebetween$165million
and$200millioninpresentvaluesavingsintheformofavoidedexpenseandcapitalexpenditures.The
hydrofacilitiesperformedexceptionallyonceagain,andPoweraddedthe10-megawattCitySolarfacility
ontheSouthSideofChicago.
Inayearwhenpowerpricesplummetedcomparedtotheprioryear,thevalueofPowerTeam’srisk
managementwasapparent.ThecontractsexecutedandoverseenbyKenCornew,JoeGlaceandtheir
teamstohedgewholesaleelectricitypriceriskheldaveragerealizedmarginsatExelonGeneration
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