Exelon 2010 Annual Report Download - page 12

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Maintaining our dividend, which yielded 5 percent at year-end, is a
top priority, and in 2010 Exelon delivered approximately $1.4 billion
in dividends to shareholders on the heels of strong earnings and free
cash flow. Our success in generating favorable 2010 results can be
credited to a number of factors: the hedging program managed so
effectively by Power Team, favorable weather, our superior operating
performance, prudent cost management and efficient use of capital.
Exelon’s financial discipline and commitment to long-term shareholder
value also are evident in several critical areas of our business. Our
nuclear uprates program has already netted the company 101
additional megawatts of power from our existing nuclear fleet.
This approach gives us new clean energy at a fraction of the cost of
building a new nuclear plant.
In addition, our recent $2.1 billion contribution to our pension funds
improves the company’s overall financial flexibility through a period
of low commodity and power prices, while increasing the assets to
meet our pension obligations.
10
Financial Discipline