Exelon 2013 Annual Report Download - page 6

Download and view the complete annual report

Please find page 6 of the 2013 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.

Page out of 32

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32

5
Exelon 2013 Summary Annual Report
Properly designed competitive markets ensure cost-eective reliable power supply
and have demonstrated the ability to eliminate dirty, inecient plants in the most
ecient way. To that end, Exelon remains active in advocating for competitive markets,
opposing policies that ask either taxpayers or consumers to subsidize or give
preferential treatment to specific generation providers or technologies, or that would
threaten the reliability and value of the integrated electricity grid. We have seen
success in confronting individual threats to the market, but many threats remain. We
need to move beyond outdated policies and allow the market to stimulate innovation
and determine the most economical clean energy solutions.
Conclusion
The markets have been challenging for Exelon for the last several years, but we have
the financial strength and the strategic options to manage through this economic
trough. We are not simply waiting for the price recovery. We are taking action to
improve our situation by finding ways to optimize our fleet value, investing in improved
utility reliability and infrastructure, maintaining the operational excellence for which
we are known, and advocating for tax and energy policies that best support clean,
reliable energy. Our scale and depth give us strength to weather storms. Our healthy
balance sheet, our sustainable dividend, and our financial discipline constitute a solid
platform for sustained growth.
Leer to Our Shareholders
We have the financial
strength and the strategic
options to manage through
this economic trough.
Christopher M. Crane
President and Chief Executive Ocer