ComEd 2006 Annual Report Download - page 476

Approved by Exelon Board of Directors 06-27-06
Main Obligations
Things to watch out for
Antitrust and Unfair Competition
Antitrust laws promote, preserve and protect competition and are a critical part of the environment in which Exelon operates.
Violations of competition laws may expose Exelon and individual employees to criminal and or civil liability and associated
penalties, including monetary damages, fines and even imprisonment.
Antitrust laws are complex. They generally prohibit joint action that restrains competition, as well as improper unilateral action that
either propels one competitor into a monopoly position in the market or seriously threatens to do so. Other aspects of the antitrust
laws prohibit certain types of discrimination in pricing and unfair trade practices. Employees who interact with customers,
competitors or suppliers and anyone who believes that he or she is dealing with a situation that might have antitrust implications,
should consult with the Legal Department or the Ethics and Compliance Office.
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• Engage only in transactions with a legitimate business purpose and economic substance and not in transactions intended to
artificially boost revenues or volumes or manipulate market prices, market rules or market conditions
• Operate and schedule generating facilities, undertake maintenance, declare outages and commit or otherwise bid supply in
a manner that complies with applicable power market rules
• Comply with the rules and reliability requirements of transmission system operators in the dispatch of generation units and
scheduling of power transactions
• Disclose accurate and consistent information, in compliance with all applicable rules and requirements, to regulators and
market monitors and to the media, including market publications and publishers of surveys and prices
• Prepare and maintain adequate and accurate documentation of all trading transactions
• Discussing with other market participants the price or supply of any commodity or other factors that may bear on
competition
• Engaging in simultaneous offsetting buy and sell trades or other activities that may artificially affect reported revenues,
trading volumes and prices
• Engaging in transactions or scheduling resources that have the appearance of creating market congestion
• Making trades that are not properly and promptly recorded, or are expected in a non-conventional manner (i.e., cell phone
versus recorded line)