Exelon 2012 Annual Report Download - page 6

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5
Exelon 2012 Summary Annual Report
Public Policy Advocacy
Our commitment to competitive markets and to clean energy, articulated and
implemented through Exelon 2020, provides a sound basis for our own investments
in energy as well as for the formulation of public policy. Over the past year, Exelon
has been in the midst of consequential political, policy and regulatory debates at
the federal and state levels on issues of critical importance to our communities, our
customers, and our shareholders. Properly designed competitive markets ensure
cost-eective, reliable power supply and have also demonstrated the ability to clean
the generation stack in the most ecient way. We believe in competitive energy
markets, and know that our customers are harmed when markets are not allowed
to work.
To that end, Exelon has been active in promoting wholesale and retail competitive
markets. We have opposed legislative proposals that would ask either taxpayers or
consumers to subsidize or otherwise give preferential treatment to specific generation
providers. We are leading initiatives to examine and educate policy makers on the
eects of energy subsidies on markets and customers.
Closing
Exelon delivered value in 2012 in the face of a very challenging pricing environment.
Those economics remain the principal challenge in 2013. But with a sound financial
strategy, a healthy balance sheet, a sustainable dividend, opportunities to grow, and
our disciplined decision-making, we have a sound foundation on which to build and
move forward.
We are grateful for the dedication and strength of Exelon employees and proud of
Exelon’s commitment to our communities. We are providing better service, cleaner
generation, and more market choices to our customers than ever before. We are proud
of this company, what it has done, and what it will accomplish going forward.
Leer to Our Shareholders
Exelon’s value and
competitive advantage
come from our scope and
scale, inextricably aligned
with our core strengths
of operational excellence
and financial discipline.
Exelon delivered value
in 2012, in the face of a
very challenging pricing
environment.
Christopher M. Crane
President and Chief Executive Ocer
Mayo A. Shattuck III
Chairman