New Exelon Report Shows Company’s Transition to Sustainable Energy Future
June 24 2015 - 2:36PM
Business Wire
Sustainability report highlights how Exelon
seeks to create lasting value for customers, communities and
shareholders
Fulfilling its commitment to keep the public informed of its
sustainability strategy and performance, Exelon has released its
latest sustainability report. The report describes Exelon’s
approach to providing reliable, clean, affordable and innovative
energy products in an evolving energy landscape.
“The electric power sector is rapidly changing,” said Chris
Crane, Exelon’s president and CEO. “We view this evolution as an
opportunity to make our business more sustainable as we address
evolving customer expectations, societal mandates and environmental
considerations.”
The report presents a comprehensive record of Exelon’s economic,
environmental and social sustainability performance. Examples of
sustainability highlights for the year include:
- Exelon invested $3.1 billion in
electric and gas utility infrastructure, including $500 million in
smart meters and smart grid technology.
- Exelon added 215 megawatts of
emission-free wind, solar and nuclear generation.
- The Exelon utilities helped customers
save more than 7.6 million megawatt-hours of electricity through
energy efficiency programs.
- Exelon achieved its best-ever safety
performance by all key measures.
- Exelon formed a first-of-its-kind
partnership with Bloom Energy to provide distributed fuel cell
projects to customers.
- Exelon increased its companywide
recycling rate to 69 percent.
- Exelon was named to the North America
Dow Jones Sustainability Index for the ninth consecutive year.
- Employees volunteered more than 112,000
hours for the benefit of their communities.
- Exelon gave more than $31 million in
corporate contributions to community nonprofits.
- Exelon spent more than $1 billion with
diversity-certified suppliers.
Exelon’s approach to sustainability is built on its commitment
to conducting business in a way that minimizes environmental
impacts and supports its employees and the communities in which it
operates. The new sustainability report describes the strategies
Exelon is pursuing to support its sustainability goals, such as
continuing to improve operational performance, making strategic
investments across the energy value chain, and fostering a culture
of innovation.
According to the report, Exelon ran its generation fleet at high
efficiency levels in 2014, including a 94 percent nuclear capacity
factor, 95 percent wind and solar energy capture rate and 97
percent fossil and hydro availability rate. In addition, Exelon
diversified into new growth areas in 2014 through investments such
as the Annova liquefied natural gas export project, new air-cooled
combined cycle gas turbine plants in Texas, 21 megawatts of new
distributed solar generation and numerous early-stage energy
startups.
Exelon’s 2014 sustainability report is available on Exelon’s
website at
www.exeloncorp.com/assets/newsroom/downloads/docs/dwnld_Exelon_CSR.pdf.
Exelon Corporation (NYSE: EXC) is the nation’s leading
competitive energy provider, with 2014 revenues of approximately
$27.4 billion. Headquartered in Chicago, Exelon does business in 48
states, the District of Columbia and Canada. Exelon is one of the
largest competitive U.S. power generators, with more than 32,000
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 more than 2.5 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Exelon’s utilities deliver electricity and natural gas to more than
7.8 million customers in central Maryland (BGE), northern Illinois
(ComEd) and southeastern Pennsylvania (PECO). Follow Exelon on
Twitter @Exelon.
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version on businesswire.com: http://www.businesswire.com/news/home/20150624006279/en/
Exelon CorporationPaul ElsbergCorporate
Communications312-394-7417paul.elsberg@exeloncorp.com
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