Exelon 2015 Annual Report Download - page 37

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sources (hydroelectric, other than pump storage generation, and waste-to-energy). The RPS requirement began in 2006, requiring that suppliers
procure 1.0% and 2.5% from Tier 1 and Tier 2 sources, respectively, escalating in 2022 to 22.0% from Tier 1 sources, including at least 2.0% from
solar energy, and a phase out of Tier 2 resource options by 2022. In 2015, 10.5% was required from Tier 1 renewable sources, including at least
0.5% derived from solar energy and 2.5% from Tier 2 renewable sources. BGE is subject to requirements established by the Public Utilities Article
in Maryland related to the use of alternative energy resources; however, the wholesale suppliers that supply power to BGE through SOS
procurement auctions have the obligation, by contract with BGE, to meet the RPS requirements.
Similar to ComEd, PECO and BGE, Generation’s retail electric business must source a portion of the electric load it serves in many of the
states in which it does business from renewable resources or approved equivalents such as RECs. Potential regulation and legislation regarding
renewable and alternative energy resources could increase the pace of development of wind and other renewable/alternative energy resources,
which could put downward pressure on wholesale market prices for electricity in some markets where Exelon operates generation assets. At the
same time, such developments may present some opportunities for sales of Generation’s renewable power, including from wind, solar,
hydroelectric and landfill gas.
See Note 3—Regulatory Matters of the Combined Notes to Consolidated Financial Statements for additional information.
Executive Officers of the Registrants as of February 10, 2016
Exelon
Name Age Position Period
Crane, Christopher M. 57 Chief Executive Officer, Exelon; 2012 - Present
Chairman, ComEd, PECO & BGE 2012 - Present
President, Exelon 2008 - Present
President, Generation 2008 - 2013
Chief Operating Officer, Exelon 2008 - 2012
Chief Operating Officer, Generation 2007 - 2010
Cornew, Kenneth W. 50 Senior Executive Vice President and Chief Commercial Officer, Exelon; 2013 - Present
President and CEO, Generation 2013 - Present
Executive Vice President and Chief Commercial Officer, Exelon 2012 - 2013
President and Chief Executive Officer, Constellation 2012 - 2013
Senior Vice President, Exelon; President, Power Team 2008 - 2012
O’Brien, Denis P. 55 Senior Executive Vice President, Exelon; Chief Executive Officer, Exelon
Utilities
2012 - Present
Vice Chairman, ComEd, PECO, BGE 2012 - Present
Chief Executive Officer, PECO; Executive Vice President, Exelon 2007 - 2012
President and Director, PECO 2003 - 2012
Pramaggiore, Anne R. 57 Chief Executive Officer, ComEd 2012 - Present
President, ComEd 2009 - Present
Chief Operating Officer, ComEd 2009 - 2012
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Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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