Exelon Summary

Brief Description of Exelon:

Exelon is one of the nation’s largest electric and gas energy companies with more than $15 billion in annual revenues. It distributes electricity to more than 5.2 million customers in Illinois and Pennsylvania, and natural gas to approximately 472,000 customers in southeastern Pennsylvania.  Headquartered in Chicago, Exelon trades on the NYSE under the ticker symbol EXC.

Exelon and Climate Change

Exelon, through its predecessor companies, has been actively involved in reducing greenhouse gas (GHG) emissions since the mid-1990s as a way to demonstrate that business -- and the power generation sector specifically -- can begin the transition to a carbon-constrained future today. The company made and met commitments under the U.S. Climate Challenge Program; a voluntary partnership between the U.S. Department of Energy and individual electric utilities designed to promote actions to avoid, reduce or sequester GHG emissions and achieve goals by the year 2000. 

In May 2005, Exelon established a voluntary goal under the U.S. Environmental Protection Agency’s (EPA) Climate Leaders program.  The company committed to reduce its GHG emissions by 8 percent below 2001 levels by year-end 2008. It has also committed to work with and encourage its suppliers to reduce their GHG emissions. Furthermore, Exelon is incorporating recognition of GHG emissions and their potential cost into its business analyses as a means to promote internal investment in initiatives to reduce carbon emissions.

Exelon expects that GHG reductions will come from the use of cleaner energy, including renewables and landfill gas, energy and process efficiency initiatives, and carbon sequestration efforts. If necessary, Exelon may also purchase carbon credits. Additionally, Exelon has already ceased operations at several of its older, less efficient fossil-fuel plants, including Delaware Units 7 & 8 in Philadelphia, Pa.

CEO:

Mr. John W. Rowe

CEO's Quote Regarding Climate Change:

“At Exelon, we accept that the science of global warming is overwhelming.  We accept that limitations on greenhouse gases emissions will prove necessary.  Until those limitations are adopted, we believe that business should take voluntary action to begin the transition to a lower carbon future.”
-- John W. Rowe, President and CEO, Exelon Corporation

Read a speech (pdf) from CEO John Rowe at US Climate Policy: Toward a Sensible Center, a dialogue co-sponsored by the Pew Center and the Brookings Institution held June 24-25, 2004.

Recognition

Exelon was named to the Climate Leadership Index 2006 (CLI) by the Carbon Disclosure Project (CDP) in its recently issued report on corporate carbon disclosure. The CLI informs investors about which of the Financial Times Global 500 (FT 500) companies have the most comprehensive climate change disclosure practices based on responses to a CDP questionnaire. Fifty companies were named to the CLI from the FT500 companies who responded to the questionnaire worldwide.  This marks the second consecutive year Exelon was named to the CLI.

Exelon was named to the Dow Jones Sustainability Indexes’ (DJSI) North America Index in 2006.  DJSI are the first global indexes tracking the financial performance of the leading sustainability-driven companies worldwide.  DJSI North America Index represents the top 20% in each sector of the largest 600 North American companies.