Exelon 2010 Annual Report Download - page 9

“ No company in this industry is better able to
benefit from the drive for clean energy and its
eventual upside. As we wait for better prices, we
work tirelessly to sustain our earnings and make
smart investments in our companies.”
These investments position us favorably even without the climate
legislation for which we advocated. The Environmental Protection
Agency is working to issue rules under its existing statutory and
court-ordered obligations under the Clean Air Act. These rules
address criteria and hazardous pollutants such as sulfur dioxide
and nitrogen oxide, mercury, hydrochloric acid, arsenic and other
harmful gases. Exelon believes that these rules will enable the
transition to a clean energy future without sacrificing the
reliability of the electric power grid.
Exelon 2020, which is available on our website, serves as our
resource plan, as a guide to our investment decisions and as a
framework for our public policy advocacy. It tells us which actions
provide our customers with reliable, clean energy at the lowest
cost while also delivering the highest returns for our shareholders.
It tells us which investments are economic and which investments
are most costly. The Exelon 2020 business strategy cements
Exelon’s value as the premier low-emission company in the U.S.
utility industry.
In sum, Exelon produced strong financial results for its shareholders
in 2010 despite the challenges of the slow economic recovery and
poor electricity market conditions. We served our customers and
communities well. Exelon remains directed toward long-term
success with our upside from economic and power market recovery,
our continued healthy dividend yield and our strong balance sheet.
These factors, along with our disciplined financial management
and persistent hunt for investments, ensure that our company will
provide enhanced value over the long-term.
John W. Rowe
Chairman and Chief Executive Officer
Exelon Corporation
March 7, 2011
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