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Exelon

Exelon Corporation (NYSE: EXC) is a giant electricity generating and distributing company headquartered in Chicago. It was created in October, 2000 by the merger of PECO Energy Company, of Philadelphia, and Unicom, of Chicago (which owned Commonwealth Edison). Exelon has 5.2 million electricity customers and, in Philadelphia, 460,000 natural gas customers. more...

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Exelon

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In June, 2005 Exelon had full or partial ownership of 19 nuclear reactors in 11 nuclear power plants.

On June 30, 2005 the Federal Energy Regulatory Commission approved the merger of Exelon and Public Service Enterprise Group Inc., a New Jersey utility, thus creating the largest utility in the US . This merger will add PSEG's 2 million electric and 1.6 million natural gas customers, and will add 1 more reactor to Exelon, for a total of 20. The merger is set to be completed in the second quarter of 2006, at which time the name of the company will change to Exelon Electric & Gas.

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Groups Criticize Exelon/ComEd for Reverse on Sustainable Energy
From Renewable Energy Today, 9/14/05

The Citizens Utility Board recently announced that a coalition of environmental and consumer groups has criticized Exelon/Commonwealth Edison's (ComEd) decision to break its commitment to purchasing eight percent of its power from renewable energy sources by 2012 under Illinois governor Rod Blagojevich's Sustainable Energy Plan.

According to the Citizens Utility Board, Exelon/ComEd notified the Illinois Commerce Commission in a September 6th letter that it was halting plans to implement Blagojevich's renewable energy initiative

unless the state adopted an unrelated Exelon proposal which, according to the groups, would raise electricity rates by 20 percent or more.

Members of the coalition include the Environmental Law & Policy Center (ELPC), Illinois Public Interest Research Group (PIRG), the Citizens Utility Board (CUB), the Sierra Club Illinois Chapter and the Illinois Environmental Council.

Contact: Citizens Utility Board, website http://www.citizensutilityboard.org.

(EIN STAFF: 9/8)

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