March 02, 2015 1:03 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Exelon Generation Company, LLC

Company Overview

Exelon Generation Company, LLC generates and markets electricity in the United States. It operates through six segments: the Mid-Atlantic, Midwest, New England, New York, ERCOT, and Other Regions. The company generates electricity from nuclear, fossil, and renewable sources, including hydroelectric. It also sells natural gas and renewable energy, and other energy-related products and services, as well as explores and produces natural gas. The company’s customers include distribution utilities, municipalities, cooperatives, and financial institutions, as well as commercial, industrial, governmental, and residential customers. It has ownership interests in 11 nuclear generating stations consis...

300 Exelon Way

Kennett Square, PA 19348

United States

Founded in 2000

14,370 Employees

Phone:

610-765-5959

Key Executives for Exelon Generation Company, LLC

Chief Executive Officer and President
Age: 48
Chief Financial Officer and Senior Vice President
Age: 47
Chief Operating Officer and Executive Vice President
Age: 53
Chief Executive Officer of Exelon Corporation and President of Exelon Corporation
Age: 55
Chief Executive Officer of PECO and President of PECO
Age: 61
Compensation as of Fiscal Year 2014.

Exelon Generation Company, LLC Key Developments

Exelon Generation to Develop 195 MW of New Electric Capacity in Medway, MA

Exelon Generation announced that it will add 195 megawatts (MW) of highly efficient, fast-starting electric generation capacity to help meet future energy needs in New England. Two new generation units will be built as an expansion to Exelon's existing generating facility in Medway, MA. The units will operate primarily during times of peak energy demand. Both units will run mainly on natural gas, but will have the ability to run on ultra-low-sulfur distillate fuel oil as a back-up, ensuring fuel diversity and reliability. The units will enhance the reliability of the New England region's electric system, and provide a fast-starting back-up for intermittent renewable energy sources, such as solar and wind. Both generating units will be equipped with the latest emissions control technology and will meet all applicable federal and state environmental regulations. Exelon Generation is currently in the permitting phase for the Medway expansion. Construction is expected to begin in 2017 and be completed by mid-year 2018.

Exelon Generation Prices $750 Million Offering of 2.950% Senior Notes Due January 15, 2020

Exelon Generation Co. LLC announced that it has priced an offering of $750 million of 2.950% senior notes due January 15, 2020. The transaction is expected to settle January 13. Interest on the notes is payable semiannually in arrears on January 15 and July 15, commencing July 15. The company intends to use the net proceeds from the offering to fund the optional redemption of Exelon Corp.'s $550 million of 4.550% senior notes due June 15 and for general corporate purposes.

Exelon Generation LLC Announces Executive Changes

Michael J. Pacilio, Exelon Nuclear's president and chief nuclear officer since 2010, has been named executive vice president and chief operating officer of Exelon Generation LLC. Bryan Hanson, Exelon Nuclear COO, has been promoted to senior vice president, Exelon Generation. Pacilio will have day-to-day operational responsibility for the safety, efficiency and reliability of Exelon Generation's power generation fleet, which includes more than 100 generating units in 17 states. Pacilio will report to Exelon Generation President and CEO Kenneth W. Cornew. Pacilio has more than thirty years of experience with the company and nuclear plant operations. He has served in various leadership positions within Exelon Nuclear, including COO, senior vice president of Midwest operations, and site vice president and plant manager at several Exelon nuclear generating stations.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 15, 2015
Exelon Generation Company, LLC, Former Delaware Station Electric Plant
Merger/Acquisition
October 29, 2014
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