Exelon 2009 Annual Report Download - page 9
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Please find page 9 of the 2009 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.•Fifth,nocompanyinourindustryisbetterpositionedtoprosperinacarbon-constrainedworld.
Exelonhasimprovedtheperformanceofournuclearfleetandincreaseditscapacity.Wehave
divestedorproposedtocloserelativelyinefficientfossil-firedplants.Wehavedevelopedaunique
resourceplaninExelon2020thatwouldeffectivelyeliminateourcarbonfootprint.Asof2009,we
wereontracktoachievethatgoalandhadaccomplishedone-thirdofit—removingtheequivalent
ofthecarbondioxide(CO2)emissionsof1millioncars.
ExelonhasbeenaleadingvoicesupportinganefficientU.S.responsetothechallengescreatedbyclimate
change.Accordingly,wehavesupportedthecreationofacap-and-trademechanismforcontrollingCO2
emissions.Inthisway,marketforceswoulddrivesuppliersandcustomerstoadoptthelowest-cost
responsestoreduceCO2emissions.Theoutcomeofclimatelegislationremainsuncertain,butwhat
iscertainisthatweareinexorablymovingtowardsalower-carbonsociety.IfCongressdoesnotactto
limitcarbonemissions,theEPAisdeterminedtodoso,boththroughitscarbonregulationpowersand
throughitsotherauthoritieswithrespecttoairpollution.Thankstoforesightandplanning,Exelon
andyou,ourshareholders,standtobenefitfromeitheroutcome.
Today’sExelonisthecombinationoftwolargeutilitycompaniesandonecommodity-basedgenerating
company.Thecurrenteconomicandcommodityenvironmentsmakeitadifficulttimetobeeither–a
factreflectedinour2010earningsforecast.Weareconfrontedwithgreatuncertaintiesabouthowthe
futurewillunfold.Butourperformancein2009demonstratesourabilitytodelivervaluetoourcustomers,
employees,thecommunitiesweserveandyou–ourinvestors–intoughtimesaswellasgoodones.
Thatiswhatwemeanbysustainableperformance.Anditiswhatwestriveforinourquesttobecome
thebestgroupofelectricgenerationandelectricandgasdeliverycompaniesintheUnitedStates.
JohnW.Rowe
ChairmanandChiefExecutiveOfficer
ExelonCorporation
March8,2010
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