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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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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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Exelon Nuclear Reports Record Generation in 2003
From Renewable Energy Today, 2/9/04

Exelon Nuclear recently announced that its 17 generating units produced a total of 143.9 million net megawatt-hours of electricity in 2003, the "highest production ever" for the company.

According to Exelon Nuclear, the units generated 2.9 million megawatt-hours more than the record production achieved in 2002. Exelon Nuclear noted that the fleet also achieved an "average capacity factor" of 93.4 percent, the fourth year in a row over 92 percent.

"Through our strong focus on nuclear safety and equipment reliability, we expect to achieve continued high performance," said Exelon Nuclear president and chief nuclear officer Chris Crane. "This is key to increased public support of nuclear power as an efficient, reliable and environmentally friendly source of electricity for the present and the future."

Contact: Craig Nesbit, Exelon Nuclear, phone 630-657-4208, website http://www.exeloncorp.com.

(EIN STAFF: 2/3)

COPYRIGHT 2004 EIN Publishing, Inc.
COPYRIGHT 2004 Gale Group

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