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Exelon
From Wikipedia, the free encyclopedia
| Exelon Corporation | |
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| Type | Public |
| Founded | Merger of PECO Energy and Unicom in October (2000) |
| Headquarters | Chicago, Illinois, USA |
| Key people | John W. Rowe, CEO, Chairman, & President |
| Industry | Electric Utility |
| Products | Electricity, Natural Gas |
| Revenue |  $15.656 Billion USD (2006) |
| Net income | $1.59 Billion USD (2006) |
| Employees | 17,200 (2007) |
| Website | exeloncorp.com |
Exelon Corporation (NYSE: EXC) is an 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 the Philadelphia suburbs, 460,000 natural gas customers.
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. Under this merger, Exelon would have become the largest utility in the United States [1]. The two companies later broke off the agreement [2] due to pressure put on the NJ Board of Public Utilities by public interest groups, including New Jersey Citizen Action. [3]The merger sat pending in front of the NJBPU for nineteen months before Exelon concluded that they were fighting a losing battle. [4]
A shareholder resolution filed by one Exelon shareholder for the Company's 2008 annual meeting criticizes executive pay levels at the Company.(see [1])
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- Braidwood Nuclear Generating Station (Illinois)
- Byron Nuclear Generating Station (Illinois)
- Clinton Nuclear Generating Station (Illinois)
- Dresden Nuclear Power Plant (Illinois)
- Hope Creek Nuclear Generating Station (New Jersey)
- LaSalle County Nuclear Generating Station (Illinois)
- Limerick nuclear power plant (Pennsylvania)
- Oyster Creek Nuclear Generating Station (New Jersey)
- Peach Bottom Nuclear Generating Station (Pennsylvania)
- Quad Cities Nuclear Generating Station (Illinois)
- Salem Nuclear Power Plant (New Jersey)
- Three Mile Island Nuclear Generating Station (Pennsylvania)
- ^ http://www.msnbc.msn.com/id/8419580
- ^ http://www.pseg.com/media_center/pressreleases/articles/2006/2006-09-14b.jsp
- ^ http://www.njcitizenaction.org/news/util074.html
- ^ http://www.pseg.com/media_center/pressreleases/articles/2006/2006-09-14b.jsp
 This article about a company or corporation involved in the energy industry is a stub. You can help Wikipedia by expanding it. |