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May 28, 2015 2:07 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Exelon Generation Company, LLC

Company Overview

Exelon Generation Company, LLC engages in the energy generation business in the United States. The company operates through six segments; the Mid-Atlantic, Midwest, New England, New York, ERCOT, and Other Regions. The company also sells renewable energy and other energy-related products and services, as well as explores and produces natural gas and oil. Its customers include distribution utilities, municipalities, cooperatives, and financial institutions, as well as commercial, industrial, governmental, and residential customers. The company has ownership interests in 14 nuclear generating stations consisting of 24 units with an aggregate of 19,316 megawatts of capacity; and in 12,949 MW of ...

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

GEH and Exelon Unveil New Remote Uncoupling Tool

GE Hitachi Nuclear Energy in coordination with Exelon Generation, has unveiled a new remote uncoupling tool used for nuclear power plant maintenance. This new tool remotely disconnects - uncouples - control rods (one of the pieces of equipment that allows operators to control power production) from their associated blades at the bottom of the reactor during preventative maintenance. Utilizing the battery-powered, wireless device minimizes the amount of radiation that workers are exposed to and allows parallel work activities to take place under the reactor pressure vessel during service outages. The tool has been shown to reduce radiation dose associated with uncoupling by as much as 60%. The tool, based on 3-D printed prototypes created on-site at GEH's world headquarters in Wilmington, N.C., has been successfully deployed during recent maintenance work at the Dresden Generating Station in Morris, Ill. and the Peach Bottom Atomic Power Station in Delta, Pa. A total of 19 drives were uncoupled with the tool at Peach Bottom and 25 were uncoupled at Dresden. Control rod blades are long, cruciform metal-tube components that contain neutron-absorbing material and are positioned adjacent to nuclear fuel assemblies within the reactor core. Operators remotely adjust the position of these blades to manage power generation. In order to remove control rod blades during service outages the blades must be uncoupled from drive mechanisms underneath the reactor pressure vessel. Any blades that are not successfully uncoupled from underneath the vessel must be uncoupled from a refueling floor above the vessel, a more time consuming process. Because of the tool's effectiveness it was not necessary to conduct any uncoupling from the refueling floor during the Dresden and Peach Bottom outages.

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.

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