ComEd 2009 Annual Report Download - page 13
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Please find page 13 of the 2009 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.OurFinancialDiscipline
2009wasagainayearinwhichExelondemonstrateditsindustry-leading
financialdiscipline,cashflowandriskmanagementpractices.
InJune,thecompanyannouncedanaggressivecostreductionprogramin
thefaceoftheeconomicchallengesconfrontingourentireeconomyand
reflectingthecommodity-drivennatureofExelonGeneration’srevenues.
Thecompanysignificantlyexceededits2009costreductiongoalsby
reducingpositionsandincreasingefficiencies.
ThehedgingprogrammanagedbyPowerTeamwasagainattheforefront
ofExelon’sabilitytoensurestablecashflowsdespitehistoricallylow
commodityandpowerprices.TheseeffortsandothersallowedExelonto
returnapproximately$1.4billionindividendpaymentstoshareholders
whilebeatingourcashgoalsbyabout$700million.
Wefurtherdemonstratedourdisciplinebywalkingawayfromourproposed
acquisitionofNRGEnergy,Inc.Weseeklong-termvalue,butnotatanyprice.
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