ComEd 2012 Annual Report Download

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2012 Summary Annual Report

Table of contents

  • Page 1
    2012 Summary Annual Report

  • Page 2
    ...2012 Summary Annual Report Letter to Shareholders 2 Our Vision 6 Our Footprint 9 Our Companies 11 Our Leadership 26 Adjusted (non-GAAP) operating earnings: This report...2013, posted on the Investor Relations page at www.exeloncorp....report. Exelon does not undertake any obligation to publicly...

  • Page 3
    ... from a truly national footprint. We have generating assets in 18 states and sell energy products and services in 47 states to more than 1.1 million commercial and residential customers. The merger closed in record time; the integration has been smooth; we have increased our synergies target; and we...

  • Page 4
    ...31 percent from (pre-merger) Exelon's 2011 year-end share price of $43.37. Both natural gas and power prices are at or near 10-year lows. 2012 day-ahead prices in the Electric Reliability Council of Texas (ERCOT) market dropped 45 percent from 2011, and PJM West prices fell more than 20 percent from...

  • Page 5
    Exelon 2012 Summary Annual Report Letter to Our Shareholders By demonstrating financial and market discipline, we create efficient capital market access through all economic cycles. Financial Strategy Our highest financial priority is maintaining Exelon's investment grade credit rating, which we ...

  • Page 6
    ... to build and move forward. We are grateful for the dedication and strength of Exelon employees and proud of Exelon's commitment to our communities. We are providing better service, cleaner generation, and more market choices to our customers than ever before. We are proud of this company, what it...

  • Page 7
    ... a diverse array of energy solutions, products and services. Driving Competition and Choice We believe that competition drives choice, innovation and savings. We champion competitive energy markets to empower our customers and to move our nation forward. Advancing Clean Energy We are committed to...

  • Page 8
    ... Annual Report Our Vision and Values Vision Performance that drives progress Our commitment to excellence in everything we do means that we are driven to learn and grow, challenging ourselves to constantly adapt, enhance and advance. Every day we focus on maximizing the potential of energy. Safely...

  • Page 9
    Exelon 2012 Summary Annual Report Our Vision and Values Values We are dedicated to safety. We actively pursue excellence. We innovate to better serve our customers. e act with integrity and are accountable to our W communities and the environment. We succeed as an inclusive and diverse team....

  • Page 10
    ...'s cleanest and lowest-cost power generation fleets. Constellation provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon's utilities deliver electricity and natural gas to more than 6.6 million...

  • Page 11
    ... Run, 1,070 MW • Hydro: Safe Harbor (Ownership Interest Only), 277.7 MW • Waste Coal: Colver, 25.5 MW • Oil: Conemaugh (Ownership Interest Only), 532.7 MW, Coal; 3.1 MW • Oil: Keystone (Ownership Interest Only), 716.2 MW, Coal; 4.3 MW • Gas: Handsome Lake, 267.5 MW CALIFORNIA • Hydro...

  • Page 12
    ...watch on the regional electric grid. PECO serves 1.6 million electric customers and 500,000 natural gas customers. ComEd's West Loop station provides Chicago substations with multiple sources of energy supply - substantially reducing the likelihood of a significant loss of power downtown and in the...

  • Page 13
    Exelon 2012 Summary Annual Report Our Companies Exelon Utilities by the Numbers 6.6 million customers 15,800 square miles of combined 1,144,000 natural gas service territory customers 13,660 miles of natural gas lines 143,500 miles of power lines 12

  • Page 14
    ... peak of the program, and help keep Illinois competitive. Under EIMA, ComEd replaced and refurbished twice as much cable and poles and installed nearly 65 percent more distribution automation devices than in any previous year. The grid modernization program created more than 700 jobs in 2012 alone...

  • Page 15
    Exelon 2012 Summary Annual Report Our Companies ComEd by the Numbers 11,400 square miles service territory 5,800 employees 3.8 million electric customers 23,753 MW all-time peak load 14

  • Page 16
    ... and storm perspective, 2012 was one of the most challenging years in BGE's history. The company responded to multiple challenges in its electric and gas businesses, most notably the June derecho and Superstorm Sandy. To enhance its customer service, BGE implemented a new customer care and billing...

  • Page 17
    Exelon 2012 Summary Annual Report Our Companies BGE by the Numbers 2,300 square miles 1.2 million electric customers service territory 700,000 gas customers 7,616 MW all-time peak load 3,400 employees 16

  • Page 18
    ...2012 Summary Annual Report Our Companies PECO Headquartered in Philadelphia, PECO provides service to 1.6 million electric and 497,000 natural gas customers in southeastern Pennsylvania. In 2012, PECO endured Superstorm Sandy, the worst storm in the company's history, leaving half of its customers...

  • Page 19
    Exelon 2012 Summary Annual Report Our Companies PECO by the Numbers 2,100 square miles 1.6 million electric customers service territory employees 2,400 500,000 gas customers 8,983 MW all-time peak load 18

  • Page 20
    ... business customers buy, manage and use energy, from electricity and natural gas procurement to renewable generation and conservation. The company provides products and services in natural gas, retail power, wholesale power, load response, energy efficiency and solar. Constellation is the industry...

  • Page 21
    Exelon 2012 Summary Annual Report Our Companies Constellation by the Numbers of the Fortune 100 are Constellation clients 2/3 One million residential customers Presence More than business customers 150,000 in 47 states 20

  • Page 22
    ... implemented a host of innovative dose reduction programs in 2012, and recorded its lowest fleet Collective Radiation Exposure in the company's history. • A long-term operating services agreement was reached with the Omaha Public Power District (OPPD) to assume operational responsibility of...

  • Page 23
    ... Companies • T hree Maryland coal facilities were divested to Raven Power Holdings as part of the merger settlement agreement. • E xelon Power built six new wind assets totaling more than 440 MW of new generation and began construction of a 230-MW solar facility in southern California...

  • Page 24
    Exelon 2012 Summary Annual Report Our Companies Generation by the Numbers 164 MW solar 1,300 MW 60 MW landfill gas wind fossil natural gas coal oil 12,000 MW nuclear 19,165 MW 1,900 MW hydro 23

  • Page 25
    ... Communications, Public Advocacy and Corporate Relations Legal Corporate Strategy Development Finance Government Affairs & Public Policy Human Resources Information Technology The green roof atop the PECO headquarters is just one example of how Exelon is reducing its carbon footprint across...

  • Page 26
    ...2012 Summary Annual Report Our Companies Business Services by the Numbers BSC reduced the number of its commercial buildings by 14.7% 105,827 employee volunteer hours managed by $27,677,198 in community grants overseen by Corporate Relations 30,395 Exelon - related monitored/managed Corporate...

  • Page 27
    Exelon 2012 Summary Annual Report Our Leadership Executive Committee Christopher M. Crane President and Chief Executive Officer, Exelon, and President, Exelon Generation Craig L. Adams President and Chief Executive Officer, PECO Amy E. Best Senior Vice President and Chief Human Resources ...

  • Page 28
    ... 2012 Summary Annual Report Our Leadership Executive Committee Kenneth W. DeFontes, Jr. President and Chief Executive Officer, BGE Joseph Dominguez Senior Vice President, Government and Regulatory Affairs and Public Policy, Exelon James D. Firth Senior Vice President, Communications, Public...

  • Page 29
    Exelon 2012 Summary Annual Report Our Leadership Executive Committee Denis P. O'Brien Senior Executive Vice President, Exelon, and President and Chief Executive Officer, Exelon Utilities Anne R. Pramaggiore President and Chief Executive Officer, ComEd M. Bridget Reidy Senior Vice President and ...

  • Page 30
    Exelon 2012 Summary Annual Report Our Leadership Board of Directors Mayo A. Shattuck III Chairman Christopher M. Crane President and Chief Executive Officer, Exelon, and President, Exelon Generation Anthony K. Anderson Retired Vice Chair and Midwest Area Managing Partner, Ernst & Young Ann C. ...

  • Page 31
    Exelon 2012 Summary Annual Report Our Leadership Board of Directors Nicholas DeBenedictis Chairman, Chief Executive Officer and President, Aqua America, Inc. Nelson A. Diaz Partner, Dilworth Paxson LLP Sue L. Gin Chairman and Chief Executive Officer, Flying Food Group, LLC Paul L. Joskow, Ph...

  • Page 32
    Exelon 2012 Summary Annual Report Our Leadership Board of Directors William C. Richardson, Ph.D. President and Chief Executive Officer Emeritus, W. K. Kellogg Foundation Thomas J. Ridge, Former Secretary, Department of Homeland Security; Former Governor of Pennsylvania John W. Rogers, Jr., ...

  • Page 33
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