Exelon Generation Company, LLC generates and markets electricity in the United States. The company operates through six segments: Mid-Atlantic, Midwest, New England, New York, ERCOT, and Other Power Regions. It also sells renewable energy and other energy-related products and services; and explores for and produces natural gas and oil. The company serves distribution utilities; municipalities; cooperatives; financial institutions; and commercial, industrial, governmental, and residential customers. It has ownership interests in 14 nuclear generating stations, including 24 units with an aggregate of 19,460 megawatts (MW) of capacity; and in 13,281 MW of capacity in fossil, as well as hydroele...
300 Exelon Way
Kennett Square, PA 19348
Founded in 2000
Exelon Generation Takes over Bluestem Wind Project in US from Renewable Energy Systems
Jan 21 16
Exelon Generation has acquired the 198MW Bluestem wind project in Oklahoma, US, from Renewable Energy Systems for an undisclosed amount. Located in Beaver county, the project is being developed by RES. The onshore wind project will be equipped with 60 of Vestas 3.3MW V117 wind turbine generators (WTGs). Once operational, the project will have the capacity to deliver nearly 845,000MWh of clean energy annually to the Southern Power Pool electrical system. It will be sufficient to meet power requirements of more than 77,000 households in the country.
Exelon Generation Company, LLC Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Full Year of 2015
Oct 30 15
Exelon Generation Company, LLC announced unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported operating revenues of $4,768 million against $4,412 million a year ago. Operating income was $622 million against $1,225 million a year ago. Income before income taxes was $297 million against $1,140 million a year ago. Net income attributable to common shareholders was $377 million against $771 million a year ago. Adjusted non-GAAP operating revenues were $4,779 million against $4,164 million a year ago. Adjusted non-GAAP operating income was $767 million against $705 million a year ago. Adjusted non-GAAP income before income taxes was $709 million against $677 million a year ago. Adjusted non-GAAP net income attributable to common shareholders was $499 million against $433 million a year ago.
For the nine months, the company reported operating revenues of $14,841 million against $12,591 million a year ago. Operating income was $2,045 million against $1,282 million a year ago. Income before income taxes was $1,583 million against $1,327 million a year ago. Net income attributable to common shareholders was $1,218 million against $926 million a year ago. Adjusted non-GAAP operating revenues were $14,651 million against $13,363 million a year ago. Adjusted non-GAAP operating income was $1,776 million against $1,463 million a year ago. Adjusted non-GAAP income before income taxes was $1,659 million against $1,360 million a year ago. Adjusted non-GAAP net income attributable to common shareholders was $1,111 million against $924 million a year ago.
The company provided earnings guidance for the full year of 2015. For the year, the company expects adjusted operating EPS in the range of $1.15 to $1.35 against previous guidance in the range of $1.35 to $1.45. The company expects adjusted cash flow from operations of $3,325 million, base CapEx and Nuclear Fuel of $2,375 million and free cash flow of $925 million.
Wolverine Power Supply Cooperative, Inc. Enters into a 20-Year Power Purchase Agreement with Exelon Generation
Oct 29 15
Wolverine Power Supply Cooperative Inc. announced that it has entered into a 20-year power purchase agreement (PPA) with Exelon Generation for 153 megawatts (MW) of new wind generation in Michigan's Thumb region. The wind power will be supplied from the Michigan Wind 3 project, which will be located in Sanilac County, Michigan. Exelon is scheduled to begin construction on the project in spring 2016 and begin commercial operation by December 2016.