Exelon 2008 Annual Report Download - page 2
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Please find page 2 of the 2008 Exelon 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.01 Introduction
02 LettertoShareholders
08 Exelon’sVisionStatement
10 OurFinancialAdvantage
12 OurOperatingAdvantage
14 OurEnvironmentalAdvantage
16 OurHumanAdvantage
18 ExelonataGlance
20 ExecutiveCommittee
21 BoardofDirectors
22 FinancialSection
Forward-LookingStatementsThisreportincludesforward-lookingstatementsincluding,forexample,statementsregardingbenefitsoftheproposedmerger,integrationplansandexpectedsynergies.
Thereareanumberofrisksanduncertaintiesthatcouldcauseactualresultstodiffermateriallyfromtheforward-lookingstatementsmadeherein.Thefactorsthatcouldcauseactualresultstodiffer
materiallyfromtheseforward-lookingstatementsincludeExelon’sabilitytoachievethesynergiescontemplatedbytheproposedtransaction,Exelon’sabilitytopromptlyandeffectivelyintegratethe
businessesofNRGandExelon,andthetimingtoconsummatetheproposedtransactionandobtainrequiredregulatoryapprovalsaswellasthosediscussedin(1)Exelon’spreliminaryprospectus/offerto
exchangethatiscontainedintheRegistrationStatementonFormS-4,Reg.No.333-155278,thatExelonhasfiledwiththeSECinconnectionwiththeOffer;(2)Exelon’s2008AnnualReportonForm10-Kin
(a)ITEM1A.RiskFactors,(b)ITEM7.Management’sDiscussionandAnalysisofFinancialConditionandResultsofOperationsand(c)ITEM8.FinancialStatementsandSupplementaryData:Note18;and
(3)otherfactorsdiscussedinExelon’sfilingswiththeSEC.Readersarecautionednottoplaceunduerelianceontheseforward-lookingstatements,whichapplyonlyasofthedateofthisreport.Exelon
doesnotundertakeanyobligationtopubliclyreleaseanyrevisiontoitsforward-lookingstatementstoreflecteventsorcircumstancesafterthedateofthisreport,exceptasrequiredbylaw.
Statementsmadeinconnectionwiththeexchangeofferarenotsubjecttothesafeharborprotectionsprovidedtoforward-lookingstatementsunderthePrivateSecuritiesLitigationReformActof1995.
Onthecover:LocatedontheSusquehannaRiverinnorthernMaryland,Conowingoisa“runoftheriver”hydroelectricplantthathasbeenprovidingelectricpowertotheregionalsystem
since1928.Overtime,thestationhasbeenexpandedfromsevento11turbinesandtodayprovidesmorethan500MWofcleanenergy.
investorandgeneralinformation
CorporateHeadquarters
ExelonCorporation
P.O.Box805398
Chicago,IL60680-5398
ShareholderServices
800.626.8729
EmployeePlanServices
888.396.7865
InvestorRelationsVoiceMailbox
312.394.2345
IndependentPublicAccountants
PricewaterhouseCoopersLLP
Website
www.exeloncorp.com
StockTicker
EXC
ShareholderInquiries
ExelonCorporationhasappointedBNYMellonShareownerServicesasitstransferagent,stockregistrar,dividenddisbursingagent
anddividendreinvestmentagent.Shouldyouhavequestionsconcerningyourregisteredshareholderaccountorthepayment
orreinvestmentofyourdividends,orifyouwishtomakeastocktransactionorstocktransfer,youmaycallshareholderservices
atBNYMellonatthetoll-freenumbershowntotheleftoraccesstheirwebsiteatwww.bnymellon.com/shareowner/isd.
ComputershareTrustCompanyN.A.administerstheEmployeeStockPurchasePlan(ESPP),theEmployeeStockPurchasePlanfor
UnincorporatedSubsidiaries(ESPPUS),andemployeestockoptions.Shouldyouhaveanyquestionsconcerningyouremployee
plansharesorwishtomakeatransaction,youmaycallthetoll-freenumberforEmployeePlanServicesshowntotheleftor
accesstheirwebsiteatwww-us.computershare.com/employee.
TheCompanyhadapproximately140,000holdersofrecordofitscommonstockasofDec.31,2008.
The2008Form10-KAnnualReporttotheSecuritiesandExchangeCommissionwasfiledonFeb.6,2009.Toobtainacopy
withoutcharge,writetoKatherineK.Combs,SeniorVicePresident,CorporateGovernance,DeputyGeneralCounseland
CorporateSecretary,ExelonCorporation,PostOfficeBox805398,Chicago,Illinois60680-5398.
TheCompanymaintainsatelephoneinformationservice,whichenablesinvestorstoobtaincurrentlyavailableinformationon
financialperformance,companynewsandtoaccessshareholderservicesatBNYMellon.Tousethisservice,pleasecallour
toll-freenumber,1.866.530.8108.
©2009Exelon/design:ParagraphsDesign,Chicago/editor:KirstenCurley,ExelonCorp./photos(excludingp14):AmosChan/CEOandExecutiveCommitteephotos:RonWu/printing:Lithographix
ImportantAdditionalInformationThisreportrelates,inpart,totheoffer(the“Offer”)byExelontoexchangeeachissuedandoutstandingshareofcommonstockofNRGEnergy,Inc.(“NRG”)for0.485ofa
shareofExeloncommonstock.Thisreportisforinformationalpurposesonlyanddoesnotconstituteanoffertoexchange,orasolicitationofanoffertoexchange,NRGshares,norisitasubstituteforthe
exchangeofferdocumentspreviouslyfiledbyExelonwiththeSecuritiesandExchangeCommission(the“SEC”).TheOfferismadeonlythroughtheexchangeofferdocuments.
ExelonhasfiledapreliminaryproxystatementandotherrelevantdocumentswiththeSECinconnectionwiththesolicitationofproxiesforthe2009annualmeetingofNRGstockholders(the“NRG
Meeting”).ExelonwillfileaproxystatementandotherrelevantdocumentswiththeSECinconnectionwithitssolicitationofproxiesforameetingofExelonshareholders(the“ExelonMeeting”)tobe
calledinordertoapprovetheissuanceofsharesofExeloncommonstockpursuanttotheOffer.
InvestorsandsecurityholdersareurgedtoreadtheNRGMeetingproxystatement,theExelonMeetingproxystatement,theexchangeofferdocumentsreferredtoaboveandotherrelevantmaterials
astheybecomeavailable,becausetheywillcontainimportantinformation.Investorsandsecurityholderscanobtaincopiesofthematerialsdescribedabove(andallotherrelateddocumentsfiledwiththe
SEC)atnochargeontheSEC’swebsite:www.sec.gov.Exelon,ExelonXchangeCorporation(“Xchange”)andtheindividualsnominatedbyExelonforelectiontoNRG’sBoardofDirectorswillbeparticipants
inthesolicitationofproxiesfromtheNRGstockholdersfortheNRGMeeting.ExelonandXchangewillbeparticipantsinthesolicitationofproxiesfromExelonshareholdersfortheExelonMeeting.
Inaddition,certaindirectorsandexecutiveofficersofExelonandXchangemaysolicitproxiesfortheExelonMeetingandtheNRGMeeting.
corporateprofile
ExelonCorporationisoneofthenation’slargestelectricutilitieswithapproximately$19billioninannualrevenues.Thecompanyhasoneoftheindustry’slargest
portfoliosofelectricitygenerationcapacity,withanationwidereachandstrongpositionsintheMidwestandMid-Atlantic.Exelondistributeselectricitytoapproximately
5.4millioncustomersinnorthernIllinoisandsoutheasternPennsylvaniaandnaturalgastoapproximately485,000customersinthePhiladelphiaarea.Exelonis
headquarteredinChicagoandtradesontheNYSEunderthetickerEXC.