Exelon Corporation is an American energy producer, trader, and distributor headquartered in the Chase Tower in the Chicago Loop area of Chicago, Illinois, US. It was created in October 2000 by the merger of PECO Energy Company and Unicom, of Philadelphia and Chicago respectively. Unicom owned Commonwealth Edison. Exelon operates regulated utilities in Illinois, Pennsylvania, and Maryland. In October 2009, Exelon had full or majority ownership of 17 nuclear reactors in 10 nuclear power plants. Wikipedia.
News Article | May 24, 2017
CHICAGO--(BUSINESS WIRE)--Exelon Corporation today announced that its Three Mile Island (TMI) and Quad Cities nuclear plants did not clear in the latest PJM capacity auction, highlighting the challenge nuclear energy continues to face without compensation for its ability to produce electricity without harmful carbon and air pollution and to contribute to grid resilience. TMI did not clear in the past three PJM base residual auctions. TMI remains economically challenged as a result of continued low wholesale power prices and the lack of federal or Pennsylvania energy policies that value zero-emissions nuclear energy. Exelon has been working with stakeholders on options for the continued operation of TMI, which has not been profitable in five years. States like New York and Illinois have enacted innovative policies that fairly compensate nuclear and renewable energy for their environmental attributes. Signed into law in December, the Future Energy Jobs Act (FEJA) will create significant environmental and consumer benefits in Illinois, while also creating thousands of clean energy jobs and providing job training for the future workforce. “Exelon remains fully committed to keeping the Quad Cities plant open, provided that FEJA’s Zero Emissions Credit program is implemented as expected and provided that Quad Cities is selected to participate,” said Joe Dominguez, Exelon’s executive vice president of Government and Regulatory Affairs and Public Policy. “However, Quad has not been selected to receive ZECs under the FEJA program to date.” Exelon’s other nuclear plants in PJM cleared in the auction for the 2020-2021 planning year. Oyster Creek did not participate in the auction, as the plant is scheduled to retire in 2019. Capacity auctions are held annually by grid operator PJM to ensure enough power generation resources are available to meet demand in its region covering all or part of 13 states and the District of Columbia. This is the fifth delivery year for which capacity auctions have been held under “capacity performance” reforms ordered by the Federal Energy Regulatory Commission to increase power plant reliability and strengthen the region’s energy supply. The reforms were an important step in recognizing nuclear energy for its year-round reliability in all weather extremes. The auction results take effect June 1, 2020. This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are subject to risks and uncertainties. The factors that could cause actual results to differ materially from the forward-looking statements made by Exelon Corporation and Exelon Generation Company, LLC (Registrants) include those factors discussed herein, as well as the items discussed in (1) Exelon’s 2016 Annual Report on Form 10-K in (a) ITEM 1A. Risk Factors, (b) ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) ITEM 8. Financial Statements and Supplementary Data: Note 24, Commitments and Contingencies; (2) Exelon’s First Quarter 2017 Quarterly Report on Form 10-Q in (a) Part II, Other Information, ITEM 1A. Risk Factors; (b) Part 1, Financial Information, ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) Part I, Financial Information, ITEM 1. Financial Statements: Note 17; and (3) other factors discussed in filings with the SEC by the Registrants. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this press release. None of the Registrants undertakes any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this press release. Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company with the largest number of utility customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 33,300 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2.2 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Follow Exelon on Twitter @Exelon.
News Article | May 8, 2017
PHILADELPHIA--(BUSINESS WIRE)--Employees from across PECO advanced the local region and celebrated National Volunteer Week by participating in more than 35 employee-led service projects across southeastern Pennsylvania. Throughout the week, more than 700 employees volunteered 2,500 hours in the communities where they live and work. These projects included renewing green spaces, serving meals to families in need, and educating children about science. “Through our service projects, we are proud to support so many local nonprofit organizations that make our communities a better place for our customers,” said Romona Riscoe Benson, Director of Corporate Relations at PECO. “Our employee volunteerism with local nonprofits and civic organizations extends well beyond National Volunteer Week, and will remain a guiding principle of our company.” National Volunteer Week is an annual, nationwide celebration of people working to improve their communities through volunteer service. For the 11th consecutive year, PECO employees organized community service projects for more than 900 employees, family members and friends to participate in throughout April. In addition to National Volunteer Week, PECO employees organized more than 55 volunteer service projects, recruited and engaged over 750 employees, and contributed more than 2,500 hours of service to the community throughout the entire month of April. This year, employees from PECO and its parent company Exelon, participated in more than 125 community service projects throughout the month. The projects focused on education, environmental stewardship, diversity and inclusion, and community enrichment. In addition to PECO, National Volunteer Week included employee-led service projects from across the Exelon family of companies including: ComEd in Illinois, Constellation and BGE in Maryland, Pepco in Washington D.C., Delmarva Power in Delaware, Atlantic City Electric in New Jersey, and Exelon Generation and Exelon Business Services Company in the Midwest, Mid-Atlantic and Texas. PECO is one of the Greater Philadelphia region’s most active corporate citizens, providing more than $6 million in grant support annually to hundreds of educational, environmental, arts and culture, and community development organizations. Through PECO’s Energy for the Community corporate citizenship program, PECO employees gave nearly 21,000 hours of time and talent as board members, coaches and volunteers to support community nonprofit organizations in 2016. PECO, founded in 1881, is Pennsylvania’s largest electric and natural gas utility. Headquartered in Philadelphia, PECO delivers energy to more than 1.6 million electric customers and more than 516,000 natural gas customers in southeastern, Pennsylvania. The company’s 2,500 employees are dedicated to the safe and reliable delivery of electricity and natural gas as well as enhanced energy management conservation, environmental stewardship and community assistance. The company also has an estimated annual economic impact of $4.3 billion in Pennsylvania, supporting more than 8,700 local jobs and producing $732 million in labor income. PECO is a subsidiary of Exelon Corporation (NYSE: EXC), the nation's only Fortune 100 utility and leading competitive energy provider. For more information visit PECO.com, and connect with the company on Facebook and Twitter. If you are a member of the media and would like to receive PECO news releases via email, please send your email address to PECO.Communication@exeloncorp.com.
Exelon Corporation | Date: 2013-07-31
An X-ray inspection device including means for ensuring complete imaging of every article that passes through the X-ray inspection device. Methods of using the X-ray inspection device are also described.
Exelon Corporation | Date: 2015-02-19
A system is provided for simulating an operating environment of a power plant control room (e.g., a nuclear power plant control room). The system may include a simulator configured to simulate the operating environment of the control room, and a simulation computer in communication with the simulator, wherein the simulation computer may he configured to perform a plurality of real-time calculations associated with modeling the operating environment of the control room. The simulator and the simulation computer may include only standard off-the-shelf components.
Exelon Corporation | Date: 2015-05-26
Described herein are embodiments of an electrical terminal test point that can be temporarily attached to an electrical terminal (e.g., terminal block) in order to provide an interface between the test leads/jumpers of a test device and the electrical contact points of the electrical terminal. In one aspect, embodiments of the electrical terminal test point provide a shield for the electrical contact points of the electrical terminal (whether or not being used for testing) from inadvertent contact and prevents test leads/jumpers of test device from accidentally falling of or being knocked off of their contact points. Electrical terminal test point can be installed and removed without affecting the electrical connections made by electrical terminal (e.g., without removing terminal screws of electrical terminal).
Exelon Corporation and Industrial Idea Partners | Date: 2014-05-27
The present invention is a novel method for removing tritium oxide contamination from a solution with water. The method captures the tritium oxide in a much smaller volume suitable for economical disposal. In so doing the original water is decontaminated of the tritium oxide and may be discharged.
Exelon Corporation | Date: 2013-10-01
Described herein are systems and methods of emergency lighting comprising one or more light emitting diode (LED) lamps with a low-maintenance or maintenance-free battery. In one aspect, the battery is a sealed lead-acid battery. In one aspect, the battery is an absorbent glass mat (AGM) battery. In one aspect, the LED lamps can be a part of a LED assembly that can include an integrated voltage regulator. In one aspect, the one or more lamps are parabolic aluminized reflector luminares, or PAR lights such as PAR 46 light assemblies.
Exelon Corporation and Industrial Idea Partners | Date: 2013-07-11
Disclosed herein are methods and systems for removing tritium oxide from a mixture comprising water. The method captures the tritium oxide in a much smaller volume suitable for economical disposal. The decontaminated water may be then be discharged.
Exelon Corporation | Date: 2013-10-07
Systems and methods for managing electric power are disclosed. In an aspect, a system can comprise plasma disposed in a housing and a pair of helical electrodes disposed in the housing, wherein an electric current passing through the pair of electrodes induces a rotation in the plasma.
Exelon Corporation | Date: 2012-07-13
An connection apparatus for fishing tackle that is adapted to allow the securement of the apparatus to a fishing line by the half-hitch, overhand knot or any other low dexterity knot through the use of at least one dual conical bores passing through the body of the apparatus. The apparatus generally incorporates another fishing tackle article such as a hook or split ring but can also be utilized alone when made of a suitable floating material. The configuration of the dual conical bores in relation to each other and in relation to the linear axis of the apparatus, lends itself to different purposes and different methods of securing different fishing tackle articles to the connection apparatus. With the use of a simple linear connector, two connection apparatuses may be adjoined to allow fishing lines of different sizes to be connected.