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About Exelon Corporation

Exelon is lighting up the utility industry with high-powered energy generation and extensive electricity delivery. The utility holding company does enough of both to be designated one of the largest in the US. Its Exelon Generation subsidiary holds power-generating assets of almost 31,000 MW (some 20,000 MW is produced at about 25 nuclear plants). Exelon distributes electricity and gas to 10 million customers in Illinois, Maryland, the District of Columbia, Delaware, New Jersey, and Pennsylvania through its regulated utility companies. Its Constellation subsidiary provides energy products and services to about 2 million residential, public sector and business customers.

Operations

Exelon Generation produces, markets, and physically delivers electricity and natural gas. Electricity accounts for more than 85% of the segment's sales and natural gas generates almost 15%. The division generates energy through a variety of methods including nuclear (nearly 19,000 MW), natural gas (about 10,000 MW),and renewable (3,000 MW). Its generation capacity is nearly 35,000 MW and it buys more than 5,200 MWs through long-term power purchase agreements.

The Exelon Generation division is composed of five geographic segments: Mid-Atlantic (about 30% of division revenue), Midwest (40% of revenue), ERCOT (about 10% of revenue), New York (about 5% of revenue), and all other regions generate the remaining. Additionally, Exelon's Constellation business operates as a subsidiary of the Generation business division.

Exelon's other business division operates several regulated electric & gas utilities including Commonwealth Edison (ComEd) (about 15% revenue), PHI (about 15%), Baltimore Gas and Electric (BGE) (about 10%), PECO (about 10% revenue). Each of these utilities purchases, sells, and provisions electricity over its transmission and distribution lines, which in total amount to more than 150,000 circuit miles.

Generation operates in well-developed energy markets and employs an integrated hedging strategy to manage commodity price volatility, and it provides geographic and supply source diversity. ComEd operates in a single business segment and its operations consist of the purchase and regulated retail sale of electricity and the provision of distribution and transmission services. BGE purchases and regulated retail sale of electricity and natural gas. PECO purchased and regulated retail sale of electricity and natural gas.

Geographic Reach

Exelon Generation produces, markets, and physically delivers electricity and natural gas. Electricity accounts for more than 85% of the segment's sales and natural gas generates almost 15%. The division generates energy through a variety of methods including nuclear (nearly 19,000 MW), natural gas (about 10,000 MW),and renewable (3,000 MW). Its generation capacity is nearly 35,000 MW and it buys more than 5,200 MWs through long-term power purchase agreements.

The Exelon Generation division is composed of five geographic segments: Mid-Atlantic (about 30% of division revenue), Midwest (40% of revenue), ERCOT (about 10% of revenue), New York (about 5% of revenue), and all other regions generate the remaining. Additionally, Exelon's Constellation business operates as a subsidiary of the Generation business division.

Exelon's other business division operates several regulated electric & gas utilities including Commonwealth Edison (ComEd) (about 15% revenue), PHI (about 15%), Baltimore Gas and Electric (BGE) (about 10%), PECO (about 10% revenue). Each of thesExelon Generation has operations in almost all US states and one site in Alberta, Canada. It has a significant nuclear presence in Illinois, Pennsylvania, New Jersey, and Maryland. Its gas and oil power plants are primarily in Pennsylvania, Maryland, Maine, and Texas. Solar and wind investments are found throughout the US. The Exelon Generation division is headquartered in Kennett Square, Pennsylvania.

Exelon's regulated utilities cover a service area of more than 25,000 square miles and provide electricity and gas to customers in major cities such as Chicago, Philadelphia, Baltimore, District of Columbia, Wilmington, Atlantic City and Washington D.C. and to US states: Illinois, Pennsylvania, Maryland, New Jersey, and Delaware.

Exelon corporate headquarters are in Chicago, IL.

The Midwest regions of the US bring in about 40% of company revenue while Mid-Atlantic accounts for about 35% of revenue.
e utilities purchases, sells, and provisions electricity over its transmission and distribution lines, which in total amount to more than 150,000 circuit miles.

Generation operates in well-developed energy markets and employs an integrated hedging strategy to manage commodity price volatility, and it provides geographic and supply source diversity. ComEd operates in a single business segment and its operations consist of the purchase and regulated retail sale of electricity and the provision of distribution and transmission services. BGE purchases and regulated retail sale of electricity and natural gas. PECO purchased and regulated retail sale of electricity and natural gas

Sales and Marketing

Generation sells electricity, natural gas and other energy related products and solutions to various customers, including distribution utilities, municipalities, cooperatives, and commercial, industrial, governmental and residential customers in competitive markets. ComEd distributes its products to retail customers. BGE and PECO transmit and distribute its electricity and distribution of natural gas to retail customers.

Financial Performance

Exelon experienced a steady, rising trend in operating revenue in the past four years, increasing from $29.4 billion in 2015 to about $36 billion in 2018. Between 2015 and 2019, the company's revenue increased by 17% to $34.4 billion. The same cannot be said about its net income, which peaked only in 2017 at $3.9 billion.

In 2019, operating revenue fell 4% to $34.4 billion.

Exelon's net income spiked by 46%, from $2.0 billion in 2018 to $2.9 billion in 2019.

Cash holdings fell from $1.8 billion in 2018 to $1.1 billion in 2019. Operating activities provided $6.7 billion in cash, while financing activities used $58 million. Investing activities used $7.3 billion, mostly used for capital expenditure, investments and dividends paid on common stock.

Strategy

Exelon's value proposition and competitive advantage comes from its scope and its core strengths of operational excellence and financial discipline. Exelon's regulated and competitive businesses feature a mix of attributes that, when combined, offer shareholders and customers a unique value proposition: Utility Registrants provide a foundation for steadily growing earnings, which translates to a stable currency in its stock, and Generation's competitive businesses provide free cash flow to invest primarily in the utilities and to reduce debt.

Exelon's utility strategy is to improve reliability and operations and enhance the customer experience, while ensuring ratemaking mechanisms provide the utilities fair financial returns. The Utility Registrants only invest in rate base where it provides a benefit to customers and the community by improving reliability and the service experience or otherwise meeting customer needs. The Utility Registrants make these investments at the lowest reasonable cost to customers.

Generation's competitive businesses create value for customers by providing innovative energy solutions and reliable, clean and affordable energy. Generation's electricity generation strategy is to pursue opportunities that provide stable revenues and generation to load matching to reduce earnings volatility. Generation leverages its energy generation portfolio to deliver energy to both wholesale and retail customers. Generation's customer-facing activities foster development and delivery of other innovative energy-related products and services for its customers.

Exelon Corporation

10 S Dearborn St FL 48
Chicago, IL 60603-2300
Phone: 1 (800) 483-3220

Firm Stats

Employer Type: Publicly Owned
Stock Symbol: EXC
Stock Exchange: , NASDAQ
President and CEO: Christopher M. Crane
Chairman: Mayo A. Shattuck
SEVP and CFO: Jonathan W. Thayer
Employees (This Location): 143
Employees (All Locations): 32,713

Major Office Locations

Chicago, IL

Other Locations

Mobile, AL
Conway, AR
Danville, CA
Fresno, CA
Los Angeles, CA
Stamford, CT
Woodbury, CT
Washington, DC
Newark, DE
Wilmington, DE
Mulberry, FL
Saint Petersburg, FL
Brookhaven, GA
Braceville, IL
Byron, IL
Chicago, IL
Clinton, IL
Cordova, IL
Crestwood, IL
Joliet, IL
Libertyville, IL
Lockport, IL
Marseilles, IL
Maywood, IL
Montgomery, IL
Morris, IL
Mount Prospect, IL
Oak Brook, IL
Oakbrook Terrace, IL
Rockdale, IL
Rockford, IL
Streator, IL
Warrenville, IL
Wilmington, IL
Indianapolis, IN
Shawnee, KS
Louisville, KY
Boston, MA
Lowell, MA
Medway, MA
Annapolis, MD
Baltimore, MD
Centreville, MD
Darlington, MD
Ellicott City, MD
Hyattsville, MD
Lusby, MD
North East, MD
Owings Mills, MD
Rockville, MD
Salisbury, MD
Upper Marlboro, MD
Windsor Mill, MD
Ann Arbor, MI
Southfield, MI
Hastings, NE
Atlantic City, NJ
Egg Harbor Township, NJ
Egg Harbor Twp, NJ
Forked River, NJ
Marmora, NJ
Mays Landing, NJ
Pennsville, NJ
Las Vegas, NV
Lyons, NY
New York, NY
Ontario, NY
Oswego, NY
Plattsburgh, NY
Chagrin Falls, OH
Columbus, OH
Berwyn, PA
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Delta, PA
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Exton, PA
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Kennett Square, PA
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Philadelphia, PA
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Nashville, TN
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Houston, TX
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