Exelon Generation Announces Pricing of $775 Million of Senior Notes

  Exelon Generation Announces Pricing of $775 Million of Senior Notes

Business Wire

CHICAGO -- June 13, 2012

Exelon Generation Company, LLC (Generation) announced today that it has agreed
to sell to initial purchasers in a private offering $275 million of senior
notes maturing on June 15, 2022, with a coupon of 4.25%, and $500 million of
Senior Notes maturing on June 15, 2042, with a coupon of 5.60% (the Notes).
The sale of the Notes is expected to close on June 18, 2012. Generation will
use the net proceeds from the sale for general corporate purposes.

The Notes were offered in a private placement to qualified institutional
buyers pursuant to Rule 144A and Regulation S under the Securities Act of
1933, as amended (the Securities Act), subject to market and other conditions.
No assurance can be given that the offering will be completed or, if
completed, as to the terms on which it is completed. The Notes have not been
registered under the Securities Act or state securities laws and may not be
offered or sold in the United States absent registration or pursuant to an
applicable exemption from the registration requirements of the Securities Act
and any applicable state securities laws. This press release does not
constitute an offer to sell or the solicitation of an offer to buy the Notes,
nor shall it constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale is unlawful.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, which are subject to
risks and uncertainties. The factors that could cause actual results to differ
materially from these forward-looking statements include those discussed
herein as well as those discussed in (1) those factors discussed in the
following sections of our 2011 Annual Report on Form 10-K: (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 18; (2) those factors discussed in the following
section of our Quarterly Report on Form 10-Q for the quarter ended March 31,
2012: (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 and (3) other factors
discussed in filings with the Securities and Exchange Commission (SEC) by
Exelon Corporation and Exelon Generation Company, LLC (Companies). Readers are
cautioned not to place undue reliance on these forward-looking statements,
which apply only as of the date of this press release. Neither of the
Companies 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 the nation’s leading competitive energy
provider, with approximately $33 billion in annual revenues. Headquartered in
Chicago, Exelon has operations and business activities in 47 states, the
District of Columbia and Canada. Exelon is the largest competitive U.S. power
generator, with approximately 35,000 megawatts of owned 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 100,000 business and public sector customers and approximately 1
million residential customers. Exelon’s utilities deliver electricity and
natural gas to more than 6.6 million customers in central Maryland (BGE),
northern Illinois (ComEd) and southeastern Pennsylvania (PECO).

Contact:

JaCee Burnes
Exelon Investor Relations
312-394-2948
jacee.burnes@exeloncorp.com
or
Judy Rader
Exelon Corporate Communications
312-394-7417
judith.rader@exeloncorp.com