ComEd 2014 Annual Report Download - page 27

Exelon 2014 Summary Annual Report
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Our Companies — Generation
Exelon’s owned nuclear facilities provided more than 157 million
megawatt-hours of clean generation in 2014. Exelon Nuclear
successfully integrated Ginna, Calvert Clis and Nine Mile Point
into the Exelon fleet as of April 1, 2014. These units, the CENG
fleet co-owned with Electricit´e de France, achieved a 2014 capacity
factor of 92.6 percent. The remaining Exelon Nuclear owned and
operated facilities achieved an average capacity factor of 94.2
percent, the 15th consecutive year above 92 percent. The owned
and operated combined fleet completed 12 refueling outages and
achieved an average summer capacity factor above 97 percent.
And in October 2014, we secured from the Nuclear Regulatory
Commission a license extension for Limerick to operate
through 2050 – an additional 20 years beyond its current
license expiration date.
Exelon Power’s fleet provided more than 33 million megawatt-hours
of reliable generation in 2014 with a gas and hydro dispatch
match of 96.5 percent for the year. Dispatch match is a measure
of the responsiveness of a unit to the market’s demands for its
output. Exelon’s wind and solar fleet achieved a distinguished
energy capture level of 95 percent; that metric is an indicator of
how eciently the installed assets capture the natural energy
available from the wind and the sun.
Nuclear and Power delivered outstanding safety performance
thanks to a sustained focus on injury prevention. Power recorded
only one OSHA event in 2014, putting it in the top decile of
industry performance.
Two major areas of focus for Exelon Generation in 2014 were
innovation and development. On the innovation side, Exelon
Power continues to expand the use of Prodigy, a mobile system
that enables plant workers to more easily and eciently perform
their tasks. Prodigy provides the ability to remotely schedule
maintenance and put in work requests, and allows remote
access to internal applications. Exelon Generation is investing
in adjacent markets with Annova LNG, through which it is
exploring the opportunity to build a liquefied natural gas
facility in Brownsville, Texas.
In the development area, Exelon Generation completed the 242
megawatt Antelope Valley Solar Ranch east of Los Angeles,
the Beebe 1B Wind project in Michigan and the Fourmile Ridge
Wind project in Maryland, and brought online 77 megawatts
of additional capacity at the Byron and Braidwood nuclear
plants. In 2014, work began on several additional new generation
projects that will add more than 2,500 new megawatts to our
portfolio, including new gas peakers in Massachusetts and
Maryland, two new combined cycle units in Texas, the NET
Power demonstration plant, the Hyperion digester gas plant
in California, a biomass plant in Georgia and additional wind
projects in Maryland and Texas.
A transformation is occurring in our industry, with dramatic changes in consumer behavior, emergence of new technologies at an unprecedented pace, and continuing
industry consolidation. In this complex environment, Exelon’s integrated business model and our unmatched presence across the energy value chain oer a distinct
competitive advantage through which we will drive value for customers and shareholders.