ComEd 2008 Annual Report Download - page 6
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Please find page 6 of the 2008 ComEd 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.Ouraccomplishments,financialandotherwise,continuetobenoticed.Wewereagainnamedoneof
America’s“MostAdmiredCompanies”byFortunemagazine,andwemovedfromsecondtofirstamong
electricandgasutilities.Forthethirdyear,wewerenamedtotheDowJonesSustainabilityNorth
AmericaIndex.WewereagainnamedbyBusinessWeekasoneofthe“BestPlacestoLaunchaCareer.”
Our“EnergyfortheCommunity”programwashonoredbyVolunteerMatchastheCorporateVolunteer
ProgramoftheYear.Highlightingourcommitmenttodiversity,U.S.BlackEngineer&Information
TechnologyMagazinenamedComEdChairmanandCEOFrankClarkandtwootherComEdexecutives
toitsannuallistofthe100MostImportantBlacksinTechnology.AndIwaspersonallygratifiedtobe
recognizedbytheEdisonElectricInstitutewithitsinauguralDistinguishedLeadershipAwardin
recognitionofmy25yearsasaCEOinthisindustry.
OursuccessisattributabletothehardworkofandcollaborationbetweentheExelonmanagement
teamandouremployees.Indicativeofthiscollaborationwasthefive-yearagreementwereached
withIllinoisBrotherhoodofElectricalWorkersLocal15,ourlargestunion,whichwastheproductof
greateffortfromJohnSamolisandourlaborrelationsgroup.Throughout2008,ourmanagementand
employeesworkedhardandremainedfocusedonourVision.Iapplaudtheirdedicationandeffort.
SUSTAINABLEOPERATIONALEXCELLENCE
CentraltoourcontinuingsuccessistheoperatingexcellenceofExelonGeneration.In2008,ournuclear
fleetturnedinanotheroutstandingperformancedespiteanincreasednumberofscheduledrefueling
outages.Thefleet,ledbyChrisCraneandChipPardee,hadanoverallcapacityfactorof93.9percent.
Thiswasthesixthstraightyearourcapacityfactorexceeded93percent.Ourfleetcompletedthe
summerperiodwithnooutagesforthefirsttimeinthecompany’shistoryandsetanewrecordfor
summercapacityfactor(98.6percent).Ournuclearoperationsaretrulyworld-class.
Ourfossilandrenewableoperations,ledbyMarkSchiavoniandDoyleBeneby,alsoperformedwell.
WhilewefacedmaintenancechallengesatEddystoneearlyintheyear,ourfossilfleethadthebest
summercommercialavailabilityfactorinfiveyears(94.8percent).Wealsocommencedoperationsat
theExelon-EpuronSolarEnergyCenter,fromwhichwewillpurchasepowerfor20years.Thecenter
isthenation’sfifthlargestsolarphotovoltaicgenerationprojectandthelargestontheEastCoast.
Thisagreementandourcontinuedinvestmentinwindreinforceoureffortstobecomeevengreener
inourgenerationbusiness.
OurVisionremains
sound,ourcompany
remainsrocksolidand
ourcommitmentto
youisunwavering.
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