Exelon 2013 Annual Report Download

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2013 Summary Annual Report

Table of contents

  • Page 1
    2013 Summary Annual Report

  • Page 2
    ...-looking statements made by Exelon Corporation, Commonwealth Edison Company, PECO Energy Company, Baltimore Gas and Electric Company and Exelon Generation Company, LLC (Registrants) include those factors discussed herein, as well as the items discussed in (1) Exelon's 2013 Annual Report on Form 10...

  • Page 3
    ... Our Shareholders Dear Exelon Shareholders: Exelon's operating performance in 2013 was exemplary. Each of our three utilities had its best year ever in reliability and customer satisfaction. Our nuclear fleet turned in its highest generation ever; and our natural gas and hydro plants were available...

  • Page 4
    ...managing the operating services agreement at Omaha Public Power District's Ft. Calhoun nuclear plant restarted the plant after it had been offline for more than 900 days. Exelon Power had a strong year as well, with very high unit reliability in its gas, hydro, wind and solar units. Growth Strategy...

  • Page 5
    ... and regulations. One key example: low natural gas prices are not the sole threat to the viability of nuclear plants. State-sponsored preference to specific generation providers, technology-specific mandates, and the wind production tax credit are all anti-competitive market strictures that put...

  • Page 6
    Exelon 2013 Summary Annual Report Letter to Our Shareholders We have the financial strength and the strategic options to manage through this economic trough. Properly designed competitive markets ensure cost-effective reliable power supply and have demonstrated the ability to eliminate dirty, ...

  • Page 7
    Exelon 2013 Summary Annual Report Our Vision and Values Pillars Performance Excellence Our commitment to excellence and to continuous improvement drives sustainable growth and builds shareholder value. From the safety, reliability and efficiency of our operations, to the innovative solutions we ...

  • Page 8
    ... clean, affordable energy is the key to a brighter, more sustainable future-where our customers succeed, our communities thrive and our nation prospers. Exelon is a leading advocate for competitive electricity markets to deliver choice, innovation and value for residential and business customers. 7

  • Page 9
    ...2013 Summary Annual Report Our Vision and Values Values • We are dedicated to safety. • We actively pursue excellence. • We innovate to better serve our customers. • We act with integrity and are accountable to our communities and the environment. • We succeed as an inclusive and diverse...

  • Page 10
    ... Columbia and Canada. Exelon Generation has approximately 35,000 megawatts of owned capacity comprising one of the nation's largest, cleanest and lowest-cost power generation fleets. Constellation provides energy products and services to approximately 100,000 business and public sector customers and...

  • Page 11
    ... 1,006 MW, Nuclear; 16MW, Oil TEXAS • Gas: Mountain Creek, 805 MW • Gas: Wolf Hollow (Combined Cycle), 704 MW • Gas: LaPorte, 152 MW • Gas: Colorado Bend (Combined Cycle), 498 MW • Gas: Quail Run (Combined Cycle), 488 MW • Gas: Handley, 1,265 MW • Wind: Texas Wind, 13 Projects, 282 MW...

  • Page 12
    Exelon 2013 Summary Annual Report Our Footprint Constellation Constellation has a presence in 46 states and Washington D.C. 11

  • Page 13
    ... 2013 Summary Annual Report Our Companies Exelon Utilities BGE, ComEd and PECO together comprise one of the largest electric and natural gas distribution companies in the nation, and since coming together in early 2012 have made great strides to improve safety, reliability and customer service...

  • Page 14
    Exelon 2013 Summary Annual Report Our Companies Exelon Utilities by the Numbers 6.6 million customers 1,200,000 customers natural gas 15,800 square miles of combined service territory 13,660 miles of natural gas lines 143,500 miles of power lines 13

  • Page 15
    ... service territory. ComEd in 2013 delivered exceptional value to its customers by achieving significant milestones in every area of its business. In the key area of safety - the highest priority of every Exelon company - ComEd had its best performance on record, a testament to employees' vigilance...

  • Page 16
    Exelon 2013 Summary Annual Report Our Companies ComEd by the Numbers 5,400 employees 11,400 square miles 3.8 million electric customers service territory 945,000 avoided customer interruptions due to smart switches 15

  • Page 17
    Exelon 2013 Summary Annual Report Our Companies BGE Headquartered in Baltimore, BGE is Maryland's largest and the country's oldest utility, serving more than 1.2 million electric customers and 655,000 gas customers in an economically diverse, 2,300-square-mile area encompassing Baltimore City and ...

  • Page 18
    Exelon 2013 Summary Annual Report Our Companies BGE by the Numbers 2,300 square miles 1.2 million electric customers service territory 655,000 gas customers 7,616 MW all-time peak load 3,400 employees 17

  • Page 19
    Exelon 2013 Summary Annual Report Our Companies PECO Headquartered in Philadelphia, PECO provides service to 1.6 million electric and 497,000 natural gas customers in southeastern Pennsylvania. In 2013 PECO retained its top-decile safety performance record with a best-ever OSHA recordable rate of ...

  • Page 20
    Exelon 2013 Summary Annual Report Our Companies PECO by the Numbers 2,400 employees 2,100 square miles 1.6 million electric customers service territory 497,000 gas customers 8,984 MW all-time peak load 19

  • Page 21
    ... nuclear energy from 22 units in Illinois, Pennsylvania, Maryland, New Jersey and New York; and 15,566 megawatts of non-nuclear generation, including (in order of megawatt capacity) natural gas, coal, hydro, oil, wind, solar and landfill gas energy in 18 states and Canada. In 2013, Exelon Nuclear...

  • Page 22
    Exelon 2013 Summary Annual Report Our Companies Generation by the Numbers 1,935 MW hydro 1,300 MW wind 66 MW landfill gas 216 MW solar 7,880 MW natural gas 19,262 MW nuclear 21

  • Page 23
    ...business, the 2013 leader in the sector, manages and supplies energy products and services to a broad spectrum of customers nationwide. The company serves the largest commercial, industrial, and public-sector power and gas users, as well as the small business and residential communities. The company...

  • Page 24
    Exelon 2013 Summary Annual Report Our Companies Constellation by the Numbers Approximately one million residential customers Serves more than of the 2/3 Presence in 46 states & DC Fortune More than 100 100,000 business & government customers 23

  • Page 25
    ... 2013 Summary Annual Report Our Companies Business Services Company Exelon Business Services Company (BSC) is a wholly-owned subsidiary of Exelon Corporation that provides technology, professional expertise in areas like communications, finance, legal, HR and strategy, and other support services...

  • Page 26
    Exelon 2013 Summary Annual Report Our Companies Business Services by the Numbers Information Technology $32,255,626 in community grants overseen by Corporate Relations 45,000 email boxes migrated on behalf of the companies 86,461 22,639 Exelon - related employee volunteer hours managed by ...

  • Page 27
    ... President and Chief Executive Officer, Exelon Craig L. Adams President and Chief Executive Officer, PECO Paymon Aliabadi Executive Vice President and Chief Enterprise Risk Officer, Exelon Amy E. Best Senior Vice President and Chief Human Resources Officer, Exelon Darryl Bradford Senior Vice...

  • Page 28
    Exelon 2013 Summary Annual Report Our Leadership Executive Committee James D. Firth Senior Vice President, Communications, Corporate Relations and Public Advocacy, Exelon Sunil Garg Senior Vice President and Chief Information and Innovation Officer, Exelon Ruth Ann M. Gillis Executive Vice ...

  • Page 29
    Exelon 2013 Summary Annual Report Our Leadership Board of Directors Mayo A. Shattuck III Chairman Christopher M. Crane President and Chief Executive Officer, Exelon Anthony K. Anderson Retired Vice Chair and Midwest Area Managing Partner, Ernst & Young Ann C. Berzin Former Chairman and Chief ...

  • Page 30
    Exelon 2013 Summary Annual Report Our Leadership Board of Directors Paul L. Joskow, Ph.D., President, Alfred P. Sloan Foundation Robert J. Lawless Former Chairman and CEO, McCormick & Company Richard W. Mies President and Chief Executive Officer, The Mies Group, Ltd.; Admiral (Retired), United ...

  • Page 31
    ...PECO), and natural gas to 1.2 million customers through BGE and PECO. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC. Corporate Headquarters Exelon Corporation P.O. Box 805379 Chicago, IL 60680-5379 Transfer Agent Wells Fargo 800.626.8729 Employee Stock Purchase Plan...

  • Page 32
    Exelon Corporation P.O. Box 805398 Chicago, IL 60680-5398 exeloncorp.com © Exelon Corporation, 2014