| 11/17/09 | Exelon Recognized for Leadership in Minority and Community Banking|
Utility commissioners present diversity award to Exelon Treasurer
Chaka Patterson
CHICAGO--(BUSINESS WIRE)--Nov. 17, 2009--
An Exelon executive received an industry award for consistent leadership
in partnering with minority and community banks. The National
Association of Regulatory Utility Commissioners’ Ad Hoc Committee on
Utility Market Access Partnership (UMAP) on Sunday presented the award
to Chaka Patterson, Exelon vice presiden... |
|
| 11/16/09 | Exelon CEO Says Minimizing Consumer Costs is Key Issue in Climate Debate|
John Rowe discusses how cap-and-trade legislation works to limit costs
CHICAGO--(BUSINESS WIRE)--Nov. 16, 2009--
Exelon Chairman and CEO John W. Rowe said today that current legislative
proposals on climate will minimize costs to consumers while addressing
the imminent threat of global warming. In a keynote speech at the
National Association of Regulatory Utility Commissioners annual
convention, Rowe said a cap-and-trade system is cheaper tha... |
|
| 11/13/09 | PECO and Exelon Replace Annual Diversity Celebration with Day of Volunteer Service and $65,000 in Donations, Saturday, Nov. 14| PHILADELPHIA--(BUSINESS WIRE)--Nov. 13, 2009--
During tough economic conditions, PECO and Exelon’s employee network
groups decided they should forego their annual “diversity gala” held
during the holiday season.
Instead, more than 150 employees will spend part of their Saturday, Nov.
14, volunteering at local food banks and a suburban children’s shelter.
Additionally, PECO and Exelon Generation will contribute a total of
$65,000 to non... |
|
| 11/12/09 | PA Horticultural Society Picks PECO for Community Greening Award|
PHS Award Becomes PECO’s Fifth Environmental Award for the Year
PHILADELPHIA--(BUSINESS WIRE)--Nov. 12, 2009--
PECO (NYSE:EXC) received the Pennsylvania Horticultural Society’s (PHS)
Community Greening Award this week for its three-year project to create
a meadow of native grasses attractive to wildlife on an 18-acre utility
right of way in Lafayette Hill in Montgomery County. The award
demonstrates that utilities can balance the need to meet... |
|
| 11/09/09 | ComEd Launches First Wave of Smart Meter Installations| CHICAGO, Nov. 9 /PRNewswire/ -- Today ComEd will begin to install the first wave of the 131,000 smart meters being deployed for its Advanced Metering Infrastructure (AMI) pilot. In the first week, ComEd expects to exchange 7,500 meters in River Forest and Forest Park.
One of the most comprehensive tests of smart meter technology's value to customers in the nation, the one-year AMI, or "smart meter" project will assess how technology can improve service, help customers make more informed decis... |
|
| 11/05/09 | Business and Environmental Groups Unite in Support of Climate Legislation|
Exelon CEO and NRDC president say cap-and-trade bill essential to the
economy, environment
CHICAGO--(BUSINESS WIRE)--Nov. 5, 2009--
Exelon Chairman and CEO John W. Rowe and Natural Resources Defense
Council President Frances G. Beinecke today urged Midwest business
leaders to support comprehensive climate legislation. In a panel
discussion at the Economic Club of Chicago, Rowe and Beinecke said
economy-wide cap-and-trade legislation to... |
|
| 11/04/09 | Customers Can Save More than $1 Billion with New Suite of Energy Efficiency Programs from PECO| PHILADELPHIA--(BUSINESS WIRE)--Nov. 4, 2009--
With just a few small steps, PECO customers can save more than $1
billion in energy costs thanks to a new energy efficiency suite of
programs from PECO. The programs, totaling more than $330 million,
approved by the Pennsylvania Public Utility Commission (PUC), will be
available to customers beginning in March 2010.
A residential customer who purchases five discounted energy efficient
CFL b... |
|
| 11/04/09 | PECO: Gas Supply Favorable for '09 Winter|
PECO encourages consumers to get ready for winter, too
PHILADELPHIA--(BUSINESS WIRE)--Nov. 4, 2009--
In a major piece of its winter readiness program, PECO has completed
filling its natural gas storage facilities to serve Philadelphia area
customers in the coming heating season. The storage capacity covers
supplies for the coldest peak demand days, contributes more than
one-third of PECO’s overall gas portfolio, and hedges against wholesale
... |
|
| 11/03/09 | More than $308 Million Available To Help PECO Customers Pay Their Utility Bills|
Apply Now for Assistance Through LIHEAP
PHILADELPHIA--(BUSINESS WIRE)--Nov. 3, 2009--
To help customers deal with tough economic conditions, beginning today
more than $308 million in assistance is available for Pennsylvania
utility customers through the Federal Low-Income Home Energy Assistance
Program (LIHEAP). PECO customers should call 1-800-34-HELP-4 to apply.
LIHEAP is a Federal program that provides assistance to individuals who... |
|
| 10/30/09 | Do You Know You Have Phantoms in Your House?| ComEd Educates Customers on How to Combat Phantom Power Pilferage
CHICAGO, Oct. 30 /PRNewswire/ -- There are power-hungry specters lurking in ComEd customers' homes, devouring energy and haunting electric bills.
These stealthy power stealers are masked as everyday household electronics and appliances. Whether the power is off or on they draw small amounts of electricity called phantom load. According to the U.S. Department of Energy, 75 percent of the electricity used to power home electroni... |
|
| 10/30/09 | They 'Vant' To Suck Your Electricity: PECO Reminds Customers to Save Money by Stopping 'Vampire' Energy Use in Their Homes| PHILADELPHIA--(BUSINESS WIRE)--Oct. 30, 2009--
Vampires . . .and ghosts and goblins too . . .may be cute when they are
trick or treating at your door, but they are not when they are wasting
energy and costing you money. PECO encourages customers to save energy
and money by preventing unnecessary, ‘vampire’, energy use in their
homes.
Many of the most common home electronics – like computers, televisions,
stereos and smaller kitchen app... |
|
| 10/29/09 | U.S. Secretary of Energy Visits PECO & Awards $200 Million in Smart Meter Stimulus|
Funding to bring $1.5 billion in savings to PECO customers and
create more than 4,300 jobs
PHILADELPHIA--(BUSINESS WIRE)--Oct. 29, 2009--
United States Secretary of Energy Dr. Steven Chu came to Philadelphia
today to announce a $200 million stimulus award for PECO (NYSE: EXC).
One of only six utilities in the country to receive major funding, the
grant will help customers save more than $1.5 billion in energy costs
and bring the equiva... |
|
| 10/29/09 | Exelon CEO Supports Climate Legislation in Testimony Before Key U.S. Senate Committee|
Calls for Protections for Utility Customers, Cost-Containment and
Additional Nuclear Provisions
WASHINGTON--(BUSINESS WIRE)--Oct. 29, 2009--
Exelon Chairman and CEO John W. Rowe, in testimony today before the U.S.
Senate Environment and Public Works Committee, called for passage of a
comprehensive climate and energy bill to address the greenhouse gas
issue and put our nation on the path to a low-carbon future.
In his testimony,... |
|
| 10/28/09 | U.S. Secretary of Energy Visits PECO to Award $200 Million in Smart Meter Stimulus|
Funding to Bring $1.5 Billion in Savings to PECO Customers and
Create More than 4,300 Jobs
PECO (NYSE:EXC):
WHAT:
Presidential Cabinet member tour of state-of-the-art substation,
transmission energy control center and announcement of... |
|
| 10/28/09 | CEDA, ComEd and Peoples Gas Host Energy Assistance Fairs| Utility bill payment assistance programs are available to residents now until funds are exhausted
CHICAGO, Oct. 28 /PRNewswire/ -- To help eligible customers prepare for cold temperatures, CEDA, ComEd and Peoples Gas will hold a series of community events to make residents aware of energy assistance programs that are available now.
Representatives from CEDA, ComEd and Peoples Gas will be on-site to help attendees determine the best options available to receive one-time utility bill payment a... |
|
| 10/28/09 | Exelon Corporation Declares Dividend| CHICAGO, Oct 28, 2009 (BUSINESS WIRE) -- The Board of Directors of Exelon Corporation declared a regular
quarterly dividend of $0.525 per share on Exelon's common stock. The
dividend is payable on December 10, 2009, to shareholders of record of
Exelon at 5:00 p.m. New York Time on November 13, 2009.
Exelon Corporation is one of the nation's largest electric utilities
with approximately $19 billion in annual revenues. The company has one
of the industry's ... |
|
| 10/27/09 | ComEd Credit Agreements Extend Relationships With Minority and Community Banks|
CHICAGO, Oct. 27 /PRNewswire/ -- ComEd and its parent company, Exelon, have entered into new credit agreements with minority and community banks located in the ComEd service territory and other regions that Exelon serves.
The agreements, totaling $67 million, $30 million of which will go to ComEd, provide the companies with an additional source of credit while maintaining banking relationships with minority and community banks. They agreement also provides the banks with the o... |
|
| 10/23/09 | Exelon Announces Third Quarter Results; Narrows Full Year 2009 Earnings Guidance| CHICAGO--(BUSINESS WIRE)--Oct. 23, 2009--
Exelon Corporation (NYSE: EXC) today announced that its third quarter
2009 consolidated earnings prepared in accordance with GAAP were $757
million, or $1.14 per diluted share, compared with earnings of $700
million, or $1.06 per diluted share, in the third quarter of 2008.
Exelon’s adjusted (non-GAAP) operating earnings for the third quarter of
2009 were $633 million, or $0.96 per diluted share, comp... |
|
| 10/21/09 | PECO Completes Second of Four Electricity Purchases to Serve Customers Beginning January 1, 2011|
Company also offers energy saving programs to help
PHILADELPHIA--(BUSINESS WIRE)--Oct. 21, 2009--
In the second of four purchases for the electricity to serve customers
beginning in January 2011, moderate wholesale market conditions resulted
in lower electricity prices compared to the company’s last purchases in
June 2009. The September 2009 purchases resulted in a retail energy
price of 9.16 cents per kilowatt hour (kWh) for PECO’s residenti... |
|
| 10/16/09 | ComEd Awarded $4 Million in Federal Economic Stimulus Funding To Expand Green Vehicle Fleet and Test Impact on Electric Grid| Utility also to receive $253,000 from Illinois EPA to retrofit diesel vehicles with environmentally friendly anti-idling technology
CHICAGO, Oct. 16 /PRNewswire/ -- ComEd today announced it has been awarded a total of $4 million in federal economic stimulus funding to expand one of the nation's largest private fleets of alternative-fuel vehicles and test solar-powered vehicle charging infrastructure as part of its study of plug-in electric vehicle usage and its impact on the... |
|
| 10/14/09 | ComEd Smart Meter Pilot Approved by Illinois Commerce Commission| 131,000 customers to receive new smart meters that will provide more information, enable better service and lay the foundation for a future Smart Grid
CHICAGO, Oct. 14 /PRNewswire/ -- ComEd today received unanimous approval from the Illinois Commerce Commission (ICC) for its recommended one-year Advanced Metering Infrastructure (AMI) pilot. One of the most comprehensive tests of smart meter technology in the nation, this pilot will assess how technology can improve service, help customers make ... |
|
| 10/13/09 | U.S. Department of Energy Earmarks $5 Million for ComEd Smart Grid Solar Pilot| CHICAGO, Oct. 13 /PRNewswire/ -- Last week the U.S. Department of Energy (DOE) announced that ComEd could receive up to $5 million in American Recovery and Reinvestment Act (ARRA) funding for the utility's Smart Grid solar pilot. This one-year project would examine customer responses to pricing signals, the impact of renewable distributed energy system, and how they can best be integrated into a future Smart Grid system.
ComEd's solar pilot would include approximately 200 customers, most of... |
|
| 10/13/09 | Exelon CEO Says Cap-and-Trade Approach to Carbon Emissions is Best for Economy|
John Rowe urges businesses to come together to support federal
climate legislation
CHICAGO--(BUSINESS WIRE)--Oct. 13, 2009--
Exelon Chairman and CEO John W. Rowe said yesterday that cap-and-trade
is the best approach for addressing global warming while sustaining an
economic recovery. In a keynote address at the PennFuture Southeast
Global Warming Conference in Penn Valley, Pa., Rowe said reducing carbon
emissions will cost money, but ... |
|
| 10/13/09 | With Colder Weather Approaching, PECO Advises Homeowners to Test Heaters Soon|
If you haven’t turned the home heater on yet, best to do so to ensure
it is ready for the heating season
PHILADELPHIA--(BUSINESS WIRE)--Oct. 13, 2009--
With overnight temperatures expected to dip into the 30s this week, PECO
advises area homeowners to turn on their heaters and test the system to
avoid any operating issues when it’s really needed.
PECO said the utility and HVAC contractors experience a spike in
emergency calls d... |
|
| 10/09/09 | Douglas J. Brown Joins Exelon as Chief Investment Officer|
Veteran Chrysler Executive to Lead Management of Pension and Related
Assets
CHICAGO--(BUSINESS WIRE)--Oct. 9, 2009--
Exelon Corporation today announced that it has named Douglas J. Brown
senior vice president and chief investment officer, effective Nov. 16.
Brown comes to Exelon following a 26-year career with Chrysler
Corporation and its affiliates, where he most recently served as
assistant treasurer and chief investment officer. He ... |
|
| 10/08/09 | PECO Turns up the Heat with Solar RFP|
Company Launches 6-Megawatt Competitive Purchase for Solar Credits
PHILADELPHIA--(BUSINESS WIRE)--Oct. 8, 2009--
PECO is looking for current and future solar energy producers to submit
bids as the company seeks to purchase 6-megawatts of solar power. The
action is part of the company’s overall environmental efforts and
supports Pennsylvania’s Alternative Energy Portfolio Standards (AEPS).
PECO recently received approval from the Penns... |
|
| 10/05/09 | PECO Discounted CFL Bulbs Hit the Shelves at Local Stores|
Mayor Michael Nutter and PECO President and CEO Denis O’Brien
‘check-out’ first customer
Free CFL Bulbs to All Attendees
EDITORS ALERT: Store visitors will receive a free CFL bulb
courtesy of PECO. Visitors who bring an incandescent bulb to turn
in will receive an additional free CFL.
WHAT:
... |
|
| 10/05/09 | Exelon Recognized for Sustainability and Climate Change Leadership| Utility listed on Dow Jones Sustainability North America Index for fourth consecutive year highlighting continued environmental commitmentCHICAGO, Oct 05, 2009 (BUSINESS WIRE) -- In recognition of Exelon's leadership in corporate sustainability and
environmentally sound business practices, the company was named to the
Dow Jones Sustainability North America Index (DJSI North America) for
the fourth consecutive year. Exelon achieved an overall sustainability
perform... |
|
| 10/01/09 | Exelon Names John Stough Vice President and Chief Development Officer for Transmission Company| CHICAGO--(BUSINESS WIRE)--Oct. 1, 2009--
Exelon Corp. today announced that John Stough has been appointed vice
president and chief development officer for Exelon Transmission Company,
a new national venture that will seek to capitalize on the growing
national market for new transmission lines.
Stough joins Exelon from American Electric Power (AEP), where he was
vice president of Electric Transmission America, a joint venture between
AE... |
|
| 09/30/09 | PECO Home Safety Tips for National Fire Prevention Week, Oct. 4-10|
Heating Sources, Electric Equipment Among Top Causes of Home Fires
PHILADELPHIA--(BUSINESS WIRE)--Sep. 30, 2009--
More fires occur during the winter months than any other time, and steps
taken during October can help keep you safe at home. October 4-10 marks
National Fire Prevention Week with the theme, “Stay Fire Smart, Don’t
Get Burned.”
A home fire is reported every 81 seconds in the United States, and
roughly eight persons ... |
|
| 09/28/09 | ADDING and REPLACING Exelon CEO Says Climate Change Legislation Remains Urgent Issue, Pushes for Price on Carbon|
John Rowe says cap-and-trade will create incentives for energy
efficiency, other less expensive solutions
Rowe also uses speech to announce that Exelon will not be renewing
its membership in the U.S. Chamber of Commerce due to the organization’s
opposition to climate legislature
CHICAGO--(BUSINESS WIRE)--Sep. 28, 2009--
Adding second subhead and inserting new graph after sixth graph of
release.
The corrected rele... |
|
| 09/28/09 | PECO: Storms Caused 67% of Power Outages During Summer Season| Distribution Automation Cut Outages by 30 Percent in AugustPHILADELPHIA, Sep 28, 2009 (BUSINESS WIRE) -- As autumn begins, hopefully the stormy weather of summer is behind us.
PECO said 44 percent of power outages that affected its customers this
year occurred mainly during July and August, about double the monthly
average. In fact, more than two-thirds of the area's power outages
during the summer season occurred on rainy or stormy days.
The Philadelphia Region ... |
|
| 09/28/09 | Exelon CEO Says Climate Change Legislation Remains Urgent Issue, Pushes for Price on Carbon|
John Rowe says cap-and-trade will create incentives for energy
efficiency, other less expensive solutions
CHICAGO--(BUSINESS WIRE)--Sep. 28, 2009--
Exelon Chairman and CEO John W. Rowe today urged utility industry
leaders, regulators and policymakers at the American Council for an
Energy Efficient Economy’s national conference to continue pushing for
sensible climate change legislation that puts a price on carbon.
“The carbon-b... |
|
| 09/23/09 | Exelon Corporation and Exelon Generation Announce the Results For Their Respective Offers to Purchase| CHICAGO, Sep 23, 2009 (BUSINESS WIRE) -- Exelon Corporation (Exelon) today announced the expiration of its
previously announced cash tender offer for any and all of its
outstanding $500,000,000 6.75% Senior Notes due May 1, 2011 (Exelon
Notes). The offer expired at 12:00 midnight, New York City time, on
September 22, 2009. According to information provided by the tender
agent, D.F. King & Co., Inc., as of the expiration time, the aggregate
principa... |
|
| 09/22/09 | Exelon Corporation and Exelon Generation Announce Pricing of Offers to Purchase Notes due in 2011| CHICAGO--(BUSINESS WIRE)--Sep. 22, 2009--
Exelon Corporation (Exelon) (NYSE: EXC) today announced the
consideration to be paid in the previously announced cash tender offer
for any and all of its outstanding $500,000,000 6.75% Senior Notes due
May 1, 2011 (CUSIP No. 30161N AA 9). Simultaneously, Exelon Generation
Company, LLC (Generation) announced the consideration to be paid in the
previously announced cash tender offer for any and all of its
... |
|
| 09/16/09 | Exelon Generation Announces $1.5 Billion Bond Sale| CHICAGO, Sep 16, 2009 (BUSINESS WIRE) -- Exelon Generation Company LLC (Generation) announced today that it has
agreed to sell $600 million of Senior Notes maturing on October 1, 2019,
with a coupon of 5.20% and $900 million of Senior Notes maturing on
October 1, 2039, with a coupon of 6.25%. The offering is being led by
Barclays Capital Inc., J.P. Morgan Securities Inc., Morgan Stanley & Co.
Incorporated, Credit Suisse Securities (USA) LLC, Goldman, Sachs... |
|
| 09/16/09 | Exelon Corporation and Exelon Generation Announce Offers to Purchase Notes Due in 2011| CHICAGO--(BUSINESS WIRE)--Sep. 16, 2009--
Exelon Corporation (Exelon) (NYSE: EXC) today announced the commencement
of a cash tender offer for any and all of its outstanding $500,000,000
6.75% Senior Notes due May 1, 2011 (CUSIP No. 30161N AA 9).
Simultaneously, Exelon Generation Company, LLC (Generation) announced
the commencement of a cash tender offer for any and all of its
outstanding $699,975,000 6.95% Notes due June 15, 2011 (CUSIP No. 30161M
... |
|
| 09/10/09 | Exelon Joins Habitat for Humanity International to Launch the Organization's First Pilot Weatherization Program to Improve Existing Homes|
Program will train volunteers to install energy-saving features into
houses with more than 70 low-income homeowners in Illinois, Pennsylvania
and Texas
CHICAGO HEIGHTS, Ill.--(BUSINESS WIRE)--Sep. 10, 2009--
Habitat for Humanity International and Exelon Corporation today launched
a pilot program to weatherize 70 low-income households, helping to
reduce energy use and utility bills for homeowners. The partnership is
the first Ha... |
|
| 09/08/09 | NGVs & PHEVs Expanding PECO's Use of Cleaner, Alternative Fueled Vehicles in Fleet|
$2.5 Million Stimulus Grant Helps with Purchase of Plug-in Hybrid
Electric Vehicles
PHILADELPHIA--(BUSINESS WIRE)--Sep. 8, 2009--
With new natural gas and hybrid electric models, PECO is expanding its
utility fleet of vehicles using cleaner, alternative fuels. The utility
is participating in a national consortium that recently was awarded a
federal stimulus grant to purchase plug-in hybrid electric vehicles
(PHEVs), and the company is ... |
|
| 09/03/09 | ComEd Works with Will County Authorities on Electricity Theft Case| Illegal electricity connections pose threat to public safety
CHICAGO, Sept. 3 /PRNewswire/ -- ComEd today issued a reminder about the public safety risks associated with stealing electricity, an illegal activity that led to the arrest and conviction of a Wilmington, Ill., man who was charged with violation of the Illinois Public Utility Act.
The individual, who had been bypassing the company's electric meter and stealing electricity at his residence, was arrested July 14 after ComEd's ... |
|
| 09/03/09 | Exelon's PECO Energy Declares Dividends on Preferred Stock| PHILADELPHIA--(BUSINESS WIRE)--Sep. 3, 2009--
Directors of PECO Energy Company have declared dividends on all series
of preferred stock, payable October 30, 2009, to shareholders of record
at the close of business on September 30, 2009, as follows:
Series
Amount Per Share
... |
|
| 09/03/09 | ComEd Petitions ICC to Approve Federal Funding Proposal for Smart Grid| ICC approval would improve utility's application for $175 million in federal stimulus funds.
CHICAGO, Sept. 3 /PRNewswire/ -- ComEd yesterday submitted a petition to the Illinois Commerce Commission (ICC) to approve the utility's application for federal stimulus grants that would fund half of a $350 million Smart Grid pilot. If approved and fully funded, ComEd would add 180,000 customers to its original Advanced Metering Infrastructure (AMI) pilot proposal and finance other technologies to sign... |
|
| 08/31/09 | Philadelphia's Electric Grid Gets Major Boost With Completion of PECO's $22 Million Substation Expansion in Grays Ferry|
$160 million in local Investments modernize city’s utility
infrastructure, ensure electric capacity and improve reliability to meet
customer needs
PHILADELPHIA--(BUSINESS WIRE)--Aug. 31, 2009--
PECO has completed a $22 million upgrade of its electric substation in
the Grays Ferry section of Philadelphia, which added another
transmission feed within the utility’s Center City system to meet
increased electric demand and ensure re... |
|
| 08/27/09 | PECO OK'd to Go Solar!|
Company becomes first PA utility to make long-term purchases of
solar energy credits
PHILADELPHIA--(BUSINESS WIRE)--Aug. 27, 2009--
PECO received approval today from the Pennsylvania Public Utility
Commission (PUC) to purchase up to 80,000 solar alternative energy
credits, the equivalent of six megawatts, during 10 years as part of the
company’s ongoing fulfillment of the state’s Alternative Energy
Portfolio Standards (AEPS).
... |
|
| 08/18/09 | Exelon Co-Sponsors Study of Transmission Options to Transport Renewable Energy Across Upper Midwest| CHICAGO--(BUSINESS WIRE)--Aug. 18, 2009--
Exelon Corp., along with American Electric Power, American Transmission
Co., NorthWestern Energy, MidAmerican Energy Holdings Co., and its
subsidiary MidAmerican Energy Co., is sponsoring a comprehensive study
of the transmission needed in the Upper Midwest to support renewable
energy development and transport that energy to consumers in markets to
the east.
The sponsors have retained Quanta Te... |
|
| 08/14/09 | PECO Officially Files Smart Meter Plan| PHILADELPHIA--(BUSINESS WIRE)--Aug. 14, 2009--
Today PECO filed a plan with the Pennsylvania Public Utility Commission
to install more than 1.6 million residential and commercial smart meters
and deploy advanced communications networks. One of the largest
investments in company history, the $650 million plan – including the
company’s broader smart grid plan and recent stimulus grant application
– could save customers about $1.5 billion during the lif... |
|
| 08/12/09 | PECO Reports Power Consumption Tuesday Exceeded 152 Million kwh, Highest of the Year|
PECO System Reliably Meeting Increased Demand
PHILADELPHIA--(BUSINESS WIRE)--Aug. 12, 2009--
PECO customers in the Greater Philadelphia region used the most
electricity for the year yesterday. PECO (NYSE:EXC) said it
delivered 152.3 million kilowatt hours of electricity (kwh) Tuesday as
energy usage rose with the hotter weather. PECO’s record for electric
consumption in one day is 163.3 million kwh back in July 1999.
Demand for... |
|
| 08/07/09 | ComEd Takes Proactive Measures to Prepare for High Temperatures| CHICAGO, Aug. 7 /PRNewswire/ -- In anticipation of the high temperatures
this weekend throughout its northern Illinois service territory, ComEd has
increased its weekend staffing to closely monitor and respond to any
heat-related issues.
This will include more than 70 frontline crews; however, with the offices
of many business customers closed over the weekend, ComEd does not expect to
set any peak load records.
As always, ComEd will remain in contact with area public official... |
|
| 08/06/09 | PECO Announces Plans For Advanced Smart Grid| $650 million plan could save customers $1.5 billion, create about 4,300 'job years' and reduce energy use to help the environment
PHILADELPHIA--(BUSINESS WIRE)--Aug. 6, 2009--
In one of the largest investments in company history, PECO today
announced ambitious plans to install more than 1.6 million residential
and commercial smart meters, deploy advanced communications networks,
and utilize the latest in digital smart grid technology. The $650
million plan... |
|
| 08/05/09 | 64-Foot Long Interactive Demonstration Trailer Highlights PECO Plans For Advanced Smart Grids| $650 million plans estimated to save customers $500 million, create about 4,300 'job years' and reduce energy use to help the environment
PECO
WHAT: A 64-ft long interactive trailer demonstrating the latest
in smart meter and smart grid technology highlights Smart Meters . .
.Smart Future – the announcement of more than $650 million in plans
by PECO to install more than 1.6 million residential and commercial
smart meters, deploy an advanced com... |
|
| 08/04/09 | Keeping up With the Joneses May Mean Lower Electricity Bills| ComEd launches energy efficiency pilot program that compares customers' energy
usage with neighbors'
CHICAGO, Aug. 4 /PRNewswire/ -- ComEd today announced that it is engaging
residential customers in a new, innovative concept to achieve energy
efficiency savings through neighbor-to-neighbor comparisons. The objective is
to educate customers on their usage patterns and encourage those with higher
usage to seek ways to achieve energy savings.
Begi... |
|
| 08/04/09 | ComEd Seeks Federal Funding to Build Smart Grid| Federal stimulus could bring northern Illinois electrical distribution system
into the digital age
CHICAGO, Aug. 4 /PRNewswire/ -- ComEd today announced it has filed an
application for $175 million in matching funds made available under the
recently passed $787 billion American Reinvestment and Recovery Act (ARRA) to
help finance the company's Advanced Metering Infrastructure (AMI) pilot and
additional investment in Smart Grid technologies in norther... |
|
| 08/02/09 | PECO Responds To Violent Summer Storm Affecting 51,000 Customers| Company Continues to Restore Service After Severe Flooding, Wicked Winds & Lightning
PHILADELPHIA--(BUSINESS WIRE)--Aug. 2, 2009--
A strong storm with damaging winds, lightning and severe flooding moved
through the region today creating widespread damage and interrupting
electric service to 51,000 PECO customers. As of 4 p.m. the company has
restored service to more than 24,000 customers.
The company has activated its entire emergency response orga... |
|
| 07/30/09 | ComEd Educates Public on Energy Eating Electronics| Utility Partners with Lincoln Park Zoo and Leo Burnett on Customer Awareness Campaign
CHICAGO, July 30 /PRNewswire/ -- At a time when saving energy and money is
of the utmost importance, many people unknowingly waste power from plugged-in
electronic devices that still consume power even when turned off. With a bit
of clever creative messaging, courtesy of agency partner Leo Burnett, ComEd is
hoping to educate its customers about the "phantom load" adding to their
electricity b... |
|
| 07/30/09 | Summer Heat is Here! PECO 'fans out' to donate 500 fans to help local seniors beat the heat and stay safe!| PHILADELPHIA--(BUSINESS WIRE)--Jul. 30, 2009--
As the region deals with the first real stretch of hot weather this
year, PECO will donate 500 fans to seniors across the area.
CAMERA OPPORTUNITY: At 10 a.m. on Friday, July 31 at PECO’s
loading dock at 2301 Market Street, PECO personnel will load vehicles
with 100 fans -- each for distribution in Philadelphia, Bucks, Chester,
Delaware and Montgomery counties. Members of the media can enter
... |
|
| 07/29/09 | More Storms Expected Today; PECO Getting Ready to Respond to Possible Outages| Outlines Summer Storm Reminders for Customers
PHILADELPHIA--(BUSINESS WIRE)--Jul. 29, 2009--
Another round of storms, potentially severe especially in the
Philadelphia suburbs, is expected today across the region. PECO is
closely tracking the weather and making preparations to respond to
possible power outages.
The National Weather Service says the region could get one to three
inches of rain and hundreds of lightning strikes in some areas w... |
|
| 07/28/09 | Exelon Corporation Declares Dividend| CHICAGO--(BUSINESS WIRE)--Jul. 28, 2009--
The Board of Directors of Exelon Corporation declared a regular
quarterly dividend of $0.525 per share on Exelon’s common stock. The
dividend is payable on September 10, 2009, to shareholders of record of
Exelon at 5:00 p.m. New York Time on August 14, 2009.
Exelon Corporation is one of the nation’s largest electric utilities
with approximately $19 billion in annual revenues. The company has one
... |
|
| 07/24/09 | Exelon Announces Second Quarter Results; Reaffirms Full Year 2009 Earnings Guidance| CHICAGO--(BUSINESS WIRE)--Jul. 24, 2009--
Exelon Corporation (NYSE: EXC) today announced that its second quarter
2009 consolidated earnings prepared in accordance with GAAP were $657
million, or $0.99 per diluted share, compared with earnings of $748
million, or $1.13 per share, in the second quarter of 2008.
Exelon’s adjusted (non-GAAP) operating earnings for the second quarter
of 2009 were $683 million, or $1.03 per diluted share, compared ... |
|
| 07/21/09 | PECO Launches Second Power Procurement for 2011| PHILADELPHIA--(BUSINESS WIRE)--Jul. 21, 2009--
PECO is purchasing electricity for delivery to customers beginning
January 1, 2011 through a series of four solicitations. The second
solicitation is scheduled to begin shortly, with qualifications
materials due on September 1, 2009. The first solicitation was held
successfully in June 2009 and results of the procurement can be found at http://www.pecoprocurement.com/.
This Web site has been upda... |
|
| 07/21/09 | Exelon Terminates Offer to Acquire NRG| Redoubles focus on stand-alone growth opportunities
CHICAGO--(BUSINESS WIRE)--Jul. 21, 2009--
Exelon Corporation (NYSE:EXC) today announced that, effective
immediately, it is terminating its pending offer to acquire all of the
outstanding shares of NRG Energy, Inc. common stock at a fixed exchange
ratio of 0.545 of a share of Exelon common stock for each share of NRG
common stock.
Exelon took this action in light of the proxy vote results an... |
|
| 07/20/09 | ComEd Announces Executive Appointments| CHICAGO, July 20 /PRNewswire/ -- ComEd Chairman and CEO Frank M. Clark
today announced two key appointments to the company's senior leadership team.
Joseph R. Trpik Jr., has been appointed Senior Vice President and Chief
Financial Officer (CFO) and Carl L. Segneri Jr., has been appointed Vice
President, Programs and Technology.
Trpik, who has been serving as acting CFO since late May, will continue to
be responsible for all finance activities, including financial reporting and
ana... |
|
| 07/15/09 | PECO Completes First Electricity Purchases to Serve Customers Beginning Jan. 1, 2011| PHILADELPHIA--(BUSINESS WIRE)--Jul. 15, 2009--
The results of the first of a series of four competitive electricity
purchases are now available as PECO begins securing the electricity to
serve customers beginning Jan. 1, 2011. The purchases, accounting for
about 21 percent of the electricity needed for PECO’s residential
customers, resulted in a price of 10.1 cents per kilowatt hour (kWh),
indicating a 9 percent energy price increase for an average r... |
|
| 07/15/09 | Exelon Says Election of Nine New NRG Directors Would Create Opportunity for Negotiations and Additional Value for NRG Shareholders| If no new directors elected, Exelon will abandon the deal
CHICAGO--(BUSINESS WIRE)--Jul. 15, 2009--
Exelon Corporation (NYSE:EXC) announced today in a letter to NRG
shareholders that the election of nine new independent NRG directors is
a vote for negotiations that can ultimately lead to a transaction that
will create substantial value for shareholders. Exelon also said if no
new directors are elected, the company will abandon its efforts to
acquire... |
|
| 07/15/09 | PECO's Building Of A Smart Grid, Investing In Distribution Automation For Better System Reliability| Sophisticated smart switches will reduce outages, improve electric reliability for thousands of area customers
PHILADELPHIA--(BUSINESS WIRE)--Jul. 15, 2009--
All sorts of things can happen to cause power outages – trees can
contact aerial utility lines, vehicles sometimes strike poles, birds and
squirrels can make the wrong move and trip electrical equipment,
equipment fails at times, and wind and lightning can result in power
problems, for example.
... |
|
| 07/10/09 | Exelon Offer Creates the Only Real, Meaningful Value Available to NRG Shareholders| Urges NRG shareholders to elect nine new independent directors to maximize the opportunity to realize this value
CHICAGO--(BUSINESS WIRE)--Jul. 10, 2009--
Exelon Corporation (NYSE:EXC) announced today that it has mailed a
letter to shareholders of NRG Energy, Inc. with more information on its
increased offer to acquire NRG. The letter emphasizes that the offer
brings $2-3 billion in immediate value to NRG shareholders, and there is
nothing that NRG can do ... |
|
| 07/06/09 | Exelon Urges NRG Shareholders to Vote for Nine Independent Director Candidates| Outlines Significantly Increased Offer and Over $3 Billion in Value It Brings to NRG Shareholders
CHICAGO--(BUSINESS WIRE)--Jul. 6, 2009--
Exelon Corporation (NYSE:EXC) announced today that it has mailed a
letter to shareholders of NRG Energy, Inc. detailing its increased offer
to acquire NRG and the over $3 billion of value it brings to NRG’s
shareholders. The letter also outlines the reasons NRG shareholders
should vote the BLUE proxy card to elect nine ... |
|
| 07/02/09 | Lights, Color, Action! PECO Unveils New, Energy-Efficient LED Crown Lights|
PECO:
WHAT:
A special 7-minute premier showcasing all of the things that make
the Greater Philadelphia region a great place to live, work, and
play will be highlighted as PECO changes the Philadelphia skyline
forever with its new, energy efficient, LED Crown Lights ... |
|
| 07/02/09 | Exelon Increases Offer to Acquire NRG Energy by 12.4 Percent| Company Cites Additional Upside Value Identified Since Initial Offer
CHICAGO--(BUSINESS WIRE)--Jul. 2, 2009--
Exelon Corporation (NYSE:EXC) today announced an increase in its offer
to acquire all of the outstanding NRG common stock in an all-stock
transaction with a fixed exchange ratio of 0.545 of a share of Exelon
common stock for each NRG share, a 12.4 percent increase over the
initial exchange offer of 0.485. Exelon’s increased offer represents
... |
|
| 07/01/09 | PECO Files Plan to Help Customers Save Money, Reduce Energy Use and Help the Environment| PHILADELPHIA--(BUSINESS WIRE)--Jul. 1, 2009--
A $342 million PECO plan, filed today with the Pennsylvania Public
Utility Commission (PA PUC), will provide programs to help customers
save money by reducing energy use by 1.2 billion kilowatt-hours by 2013.
Also included in the plan is more than $28 million in additional
low-income energy efficiency programs. PECO’s residential customers can
reduce their annual energy use by more than 10 percent by taki... |
|
| 07/01/09 | Philadelphia Skyline to Burst with Color and Motion as PECO Debuts New, Energy Efficient Crown Lights on July 4| Dazzling display highlights corporate environmental initiative and marks company's recent filing to help customers reduce and manage their energy use
PHILADELPHIA--(BUSINESS WIRE)--Jul. 1, 2009--
After going dark this past New Year’s Eve, the July 4th debut
of the new – 2 million LEDs – energy efficient PECO Crown Lights will
forever change the Philadelphia skyline. The ceremonial “switching-on”
will feature a special 7-minute launch show beginning at approximate... |
|
| 07/01/09 | Exelon Marks Successful First Year of Comprehensive Low-Carbon Strategy by Reaffirming 2020 Emissions Reduction Targets| Nation's largest electric and gas utility will expand opportunities for customers to reduce their emissions
CHICAGO--(BUSINESS WIRE)--Jul. 1, 2009--
One year after Exelon unveiled its strategy to eliminate the equivalent
of its 2001 carbon footprint by 2020, the company continues to work
toward its goal, including new efforts to help the customers and
communities it serves to reduce their greenhouse gas (GHG) emissions. To
report on its progress to date an... |
|
| 06/29/09 | Summer Safety Tips From PECO| For home, outdoors, during storms
PHILADELPHIA--(BUSINESS WIRE)--Jun. 29, 2009--
Summer is a time for recreation, but it is also a time that brings new
hazards. PECO encourages you to take your time to make sure children and
family members stay safe and have fun at the same time during outdoor
play, particularly around water or when summer storms occur.
Electricity is essential energy - it keeps us cool in the summer, lights
our house, keeps... |
|
| 06/26/09 | Exelon Applauds House for "Bold, Decisive Action" on Waxman-Markey Climate Change Bill| Energy company a longtime supporter of economy-wide cap-and-trade legislation
CHICAGO--(BUSINESS WIRE)--Jun. 26, 2009--
Exelon today praised the U.S. House of Representatives for its passage
of the American Clean Energy and Security Act (ACES) sponsored by
Chairman Henry A. Waxman of the Energy and Commerce Committee and
Chairman Edward J. Markey of the Energy and Environment Subcommittee.
“Addressing climate change is one of the most compelling ca... |
|
| 06/25/09 | ComEd Providing up to $3.5 Million in Summer Assistance Credits| $30 credit during summer months equivalent of running medium-sized air
conditioner for 250 hours
CHICAGO, June 25 /PRNewswire/ -- What can be done with $30? For customers
eligible for the ComEd CARE Summer Assistance program, $30 is a one-time bill
credit, the equivalent of running a medium-size window air conditioner for 250
hours - or approximately three to four hours per day for three summer months.
Already, ComEd has issued $1.4 million in summer assistance credits but
fun... |
|
| 06/25/09 | Exelon Outlines for NRG Shareholders the Value Drivers of its Business| CHICAGO--(BUSINESS WIRE)--Jun. 25, 2009--
Exelon Corporation (NYSE:EXC), in a letter to shareholders of NRG
Energy, Inc. (NYSE:NRG) today, provided more detail on the true value of
Exelon’s offer to acquire NRG. Exelon emphasized that its offer is worth
more to NRG shareholders today than when it was first announced last
October.
In today’s letter, Exelon also urges NRG shareholders to use the BLUE
proxy card to vote in favor of propos... |
|
| 06/24/09 | ComEd Takes Proactive Measures to Prepare for High Temperatures| CHICAGO, June 24 /PRNewswire/ -- In anticipation of the high temperatures
this week throughout its northern Illinois service territory, ComEd took
action to ensure its personnel and system are set to meet any potential
challenges posed by increased electricity demand during the hot weather,
including:
Leaving open the company's emergency operations center to monitor the
electrical system.
Scheduling extra work crews to handle any system problems.
Postponing sche... |
|
| 06/23/09 | Lower Your Bills in High Heat With Energy Efficiency Tips From ComEd| CHICAGO, June 23 /PRNewswire/ -- Despite an unseasonably cool June, the
hot weather has finally arrived in northern Illinois, and ComEd is
recommending several energy efficiency tips to help its customers save money
and stay comfortable as the temperature rises.
For example, through ComEd's Smart Ideas(SM) Central Air Conditioning
Cycling, homeowners with central air conditioning can reduce electricity use
on the hottest days of summer and begin earning cash immediately. Customer... |
|
| 06/22/09 | U.S. District Court Upholds Exelon's Exchange Offer to Acquire NRG| Court ruling that NRG allegations are without merit considered a major step in proposed acquisition
CHICAGO--(BUSINESS WIRE)--Jun. 22, 2009--
The U.S. District Court for the Southern District of New York today
ruled that the remaining allegations raised in a suit filed by NRG
Energy, Inc. (NYSE:NRG) on March 17 are without merit. The court had
earlier dismissed other allegations in NRG’s lawsuit. By order dated
June 19, the judge rejected NRG’s remaining c... |
|
| 06/22/09 | Sign Up for ComEd's Free Outage Alert Pilot Program| Outage information can be vital for customers with family members and pets
at home
CHICAGO, June 22 /PRNewswire/ -- Now that ComEd has restored power to all
of the approximately 245,000 ComEd customers affected by damaging storms that
struck on June 19, as we enter the summer storm season, this is a good time
for customers to sign up for ComEd's free Outage Alert program.
The pilot program lets customers know when there is an outage at their
home - even when they aren't there.... |
|
| 06/21/09 | ComEd Restoration Effort Nearly Complete with 99.9 Percent Back in Power| --Final 250 customers to be restored by late Sunday nightCHICAGO, June 21, 2009 /PRNewswire via COMTEX/ -- ComEd's efforts are nearly complete to restore the 245,000 customers affected by the storms that began on Friday morning, June 19. As of 8:30 tonight, ComEd crews are working to return the final 250 customers back to service, and the estimated restoration time for the last of these customers is late tonight.
Upwards of 450 field crews have been working 16-hour shifts to return ComEd custom... |
|
| 06/20/09 | Service Restored to More Than 230,000 Customers| --Majority of remaining customers expected to be restored by noon SundayCHICAGO, June 20, 2009 /PRNewswire via COMTEX/ -- More than 90 percent of customers affected by the destructive storms that struck on June 19 were restored in fewer than 38 hours. About 245,000 customers lost power as a result of the storm.
As of 9:30 p.m., approximately 9,300 customers remain without power across the entire ComEd service territory. To address these outages, crews are working 16-hour shifts to restore custo... |
|
| 06/20/09 | ComEd Quickly Mobilizes to Restore Power After Two Major Storms| CHICAGO, June 20 /PRNewswire/ -- In the wake of two severe storms that
downed power lines and damaged poles on Friday, ComEd is working around the
clock to restore power to affected customers throughout its service territory.
The utility already has restored more than 215,000 customers impacted by
yesterday's severe weather.
Due to the severity of the storms and the extensive damage across its
entire service territory, ComEd is expecting a multi-day restoration effort.
At the peak... |
|
| 06/18/09 | Exelon Announces Restructured Senior Executive Team, Major Cost Reductions| Company expects to achieve $350 million in savings
CHICAGO--(BUSINESS WIRE)--Jun. 18, 2009--
Exelon Corporation announced today it has reorganized its senior
executive team and structure to reflect a leaner corporate management
model. These and related changes are driven by economic challenges
confronting all parts of Exelon’s business and industry, including the
need for continued focus on cost management through enhanced efficiency
and productivit... |
|
| 06/17/09 | Exelon Generation Wins Commitments from Utilities in Pennsylvania to Supply Power Starting January 1, 2011| CHICAGO (June 17, 2009) – Exelon Generation today announced that it has won commitments from electricity delivery companies Allegheny Power and PECO Energy to provide more than 7 million megawatt-hours of generation supply beginning on January 1, 2011, through May 31, 2013.
“The results of these solicitations underscore the long-term value inherent in Exelon’s well-positioned generation assets,” said Kenneth W. Cornew, President of Exelon Power Team, the company’s wholesale power marketing div... |
|
| 06/17/09 | PECO Tips Can Help You Stay Cool, Save Money and Be Green This Summer| PHILADELPHIA--(BUSINESS WIRE)--Jun. 17, 2009--
It may not be a “scorcher” but the heat of summer is right around the
corner, and it’s never too early to begin preparing. You can use less
energy and help the environment and your wallet this summer, all by
following a few simple tips from PECO. Electricity usage normally
increases during hot humid days because of the use of cooling appliances
like air conditioners, refrigerators and freezers. And more ... |
|
| 06/17/09 | Exelon Files Definitive Proxy Materials and Sends Letter to NRG Stockholders| Urges NRG Stockholders to Vote for Independent Directors on the BLUE Proxy Card
CHICAGO--(BUSINESS WIRE)--Jun. 17, 2009--
Exelon Corporation (NYSE:EXC) announced today that it has filed its
definitive proxy materials with the Securities and Exchange Commission
to solicit proxies from stockholders of NRG Energy, Inc. (NYSE:NRG) at
NRG’s annual meeting of stockholders scheduled for July 21, 2009. Exelon
urges all NRG stockholders to use the BLUE proxy card t... |
|
| 06/16/09 | ComEd's Energy Efficiency Programs Saved Customers More Than $20 Million in Energy Costs After First Year| CHICAGO, June 16 /PRNewswire/ -- With almost 3 million discounted compact
fluorescent light (CFL) bulbs sold and close to 12,000 appliances recycled,
ComEd's Smart Ideas(SM) energy efficiency programs have surpassed first-year
targets, empowering residential and business customers to better manage their
energy usage and save money on their bills.
"ComEd customers are saving more than $20 million in annual energy costs
from participating in our energy efficiency programs in just the... |
|
| 06/12/09 | Successful Power Uprate at One Exelon Plant Begins Eight-Year Expansion Equal to a New Nuclear Station| CHICAGO, Jun 12, 2009 (BUSINESS WIRE) -- An approximate 38-megawatt increase in output at an Exelon Nuclear plant
last week launched a series of planned power uprates across the
company's nuclear fleet that will generate between 1,300 and 1,500
megawatts of additional generation capacity within eight years without
turning a spade of earth, Exelon Nuclear President and Chief Nuclear
Officer Charles (Chip) Pardee said today.
The first of the new, carbon-fre... |
|
| 06/09/09 | ComEd Recommends GE Energy and Silver Spring Networks' Smart Grid Technologies to Anchor ComEd Pilot Program| Advanced Metering Infrastructure will empower customers to manage energy
consumption and save money
CHICAGO, June 9 /PRNewswire-FirstCall/ -- ComEd today announced its
recommended technology and information partners for the company's proposed
Advanced Metering Infrastructure (AMI) pilot, the first step in Smart Grid
deployment that will allow customers to take control of their bills by
providing information about how much energy they use and how much it costs
before they receive a... |
|
| 06/08/09 | PECO Replacing Its Electric Transmission Operating System for Enhanced System Reliability, Security| GE Gets Major Contract for New Transmission SCADA
PHILADELPHIA--(BUSINESS WIRE)--Jun. 8, 2009--
PECO has selected GE Energy to provide a new energy management system
(EMS) to monitor and control the regional electric transmission system.
GE’s XA/21TM EMS was selected after an extensive competitive
review process involving several suppliers.
PECO’s current transmission monitoring and control system is 15 years
old and nearing its end of life.... |
|
| 06/08/09 | ComEd Encourages Kids to go on 'Green Energy Patrol' this Summer| --Adding one person to a one-person household can increase electricity usage by 56 percentCHICAGO, June 8, 2009 /PRNewswire via COMTEX/ -- With schools across northern Illinois letting out for summer vacation, kids will be around the house more often, playing video games and watching movies. At a time when hot weather can lead to increased electricity usage for most households, ComEd suggests kids go on "green energy patrol" to help their parents save money by reducing energy usage around the ho... |
|
| 06/05/09 | PECO Completes Readiness Programs For Summer Demand And To Improve Electric Reliability| PHILADELPHIA--(BUSINESS WIRE)--Jun. 5, 2009--
PECO is ready to meet the increased demand that customers and their
cooling appliances place on the electric system during the summer
months. The company has completed 41 critical projects as part of a $400
million capital investment plan for infrastructure improvements and new
facilities this year. This work includes several large substation
projects, local capacity expansion projects, circuit patrols an... |
|
| 06/04/09 | City of Elgin to Receive 10,000 'Smart Meters' From ComEd| Town's grassroots education plan selected as model for implementation and
testing of smart grid projects
CHICAGO, June 4 /PRNewswire/ -- ComEd today announced it has selected the
City of Elgin to participate in the company's proposed Advanced Metering
Infrastructure (AMI) pilot, the largest test of smart grid technologies in the
Midwest, rewarding town officials for creating a customer-focused plan to
integrate smart meters in the community as part of the pilot.
Elgin is one o... |
|
| 06/02/09 | ComEd Reaffirms Commitment to Customers at Summer Readiness Briefings| --Officials Highlight Service Enhancements, Environmental Stewardship and Assistance for Customers Amid RecessionCHICAGO, June 2, 2009 /PRNewswire via COMTEX/ -- ComEd officials today informed the Chicago City Council Committee on Energy, Environmental Protection and Public Utilities, at their annual summer readiness hearing, that performance across the company is solid entering into the high-demand summer months. ComEd officials will brief the Illinois Commerce Commission tomorrow.
"Advance pr... |
|
| 06/01/09 | ComEd Recommends Communities to Participate in Smart Meter Pilot| --Pilot is first-ever to test 'full customer experience' with smart meter technologyCHICAGO, June 1, 2009 /PRNewswire via COMTEX/ -- ComEd today will file its petition with the Illinois Commerce Commission (ICC) recommending communities to participate in the company's one-year Advanced Metering Infrastructure (AMI) pilot - the first smart meter project designed to comprehensively assess how customers will interact with this innovative technology.
"AMI meters, also known as smart meters, can pro... |
|
| 05/29/09 | ComEd Customers' Bills to Decrease More Than 9 Percent Beginning in June| Customers benefit from drop in wholesale electricity prices and lower
transmission charges
CHICAGO, May 29 /PRNewswire/ -- As summer approaches, ComEd customers will
see their bills decrease by more than 9 percent beginning June 1 - a
reflection of declines in the cost of wholesale electricity and lower
transmission charges.
ComEd estimates the average residential customer's total monthly bill will
decrease by approximately $8 beginning in June, when new wholesale power
contr... |
|
| 05/28/09 | Exelon's Renewable Energy Education Center Dedicated| --FAIRLESS HILLS, Pa., May 28, 2009 /PRNewswire-FirstCall via COMTEX/ -- Center offers hands-on learning opportunities for students, community groups about renewable energy sources
Amid children experimenting with hands-on displays about landfill gas technology and solar energy, Exelon (NYSE: EXC) opened its Renewable Energy Education Center at Fairless Hills this morning.
The Center was built to educate students about the use of renewable resources to produce electricity. The Renewable E... |
|
| 05/28/09 | PECO to Cut Natural Gas Rate 11% Due to Lower Supply Costs| Rebates Still Available for Consumers Buying New Gas Appliances
PHILADELPHIA--(BUSINESS WIRE)--May. 28, 2009--
Effective June 1, PECO will reduce its natural gas rate by 11 percent,
on average, due to lower costs for buying wholesale gas on behalf of its
customers.
For residential heating customers using 80 ccf, or hundreds of cubic
feet, per month, PECO will decrease its total gas rate from $1.36 per
hundred cubic feet, or ccf, to $1.21 per... |
|
| 05/28/09 | PECO Reminds Graduates to Keep Mylar Balloons Indoors and Away from Power Lines| Metallic Balloons Stick to Electric Lines and Cause Power Outages
PHILADELPHIA--(BUSINESS WIRE)--May. 28, 2009--
A PECO advisory for graduates and their families-- please keep mylar
balloons secure for end-of-school parties and outdoor celebrations.
Runaway metallic balloons stick to aerial power lines and can cause
unwanted power outages.
Due to the balloon’s metallic properties, they are naturally drawn to
overhead power lines. When they m... |
|
| 05/22/09 | Exelon Presents its 2008 Sustainability Report| CHICAGO--(BUSINESS WIRE)--May. 22, 2009--
Exelon Corporation announced today that it has released its annual
sustainability report. Titled Sustainable Advantage, the report
is part of Exelon’s continual effort to be transparent and keep the
public informed of its progress on environmental, safety and community
initiatives.
The report summarizes Exelon’s sustainability performance in 2008.
Highlights include:
Environmenta... |
|
| 05/21/09 | ComEd Offers Bill Payment Assistance for Active Military Personnel| Company engages in veteran-friendly business practices year round
CHICAGO, May 21 /PRNewswire/ -- As the nation prepares to celebrate the
service and sacrifice of military personnel on Memorial Day, ComEd wants to
remind customers who are active military personnel that there is help
available to pay electric bills.
CHAMP - ComEd Helps Activated Military Personnel - provides bill-payment
assistance to active members of the military who reside within ComEd's
northern Illinois se... |
|
| 05/20/09 | PECO Supports Pennsylvania Green Energy Sources| Company Signs Agreements for Renewable Energy Credit Purchases
PHILADELPHIA--(BUSINESS WIRE)--May. 20, 2009--
Demonstrating the company’s strong environmental commitment, PECO has
signed five-year agreements for the purchase of renewable energy credits
equal to 412,000 megawatt-hours of renewable energy. This agreement,
along with a similar agreement made in August 2008, brings PECO’s
renewable energy credit purchase to 452,000 per year, making it the
... |
|
| 05/18/09 | More Than $25 million in LIHEAP Assistance Given To PECO Customers| During Tougher Economic Times Company's Increased Outreach Doubles Help for CustomersPHILADELPHIA, May 18, 2009 (BUSINESS WIRE) -- PECO customers benefited from about 60,000 Federal grants representing
more than $25 million in Low-Income Home Energy Assistance Program
(LIHEAP) funding to help manage energy costs during the 2008 - 2009
heating season. This compares to 41,000 grants issued last year
providing about $11 million in assistance. The company also provide... |
|
| 05/15/09 | Exelon CEO Urges Action on Sensible Climate Legislation This Year Despite Current Economic Uncertainty| In a speech at the National Press Club, John W. Rowe calls on House Committee to approve Waxman-Markey compromise bill next week
WASHINGTON--(BUSINESS WIRE)--May. 15, 2009--
In a speech today at the National Press Club, Exelon Chairman and CEO
John W. Rowe joined the debate in Washington centered on the
Waxman-Markey bill, calling on Congress to pass climate legislation this
year that features a cap-and-trade system to encourage investment in
low-carbon en... |
|
| 05/11/09 | Exelon's PECO Energy Declares Dividends on Preferred Stock| PHILADELPHIA--(BUSINESS WIRE)--May. 11, 2009--
Directors of PECO Energy Company have declared dividends on all series
of preferred stock, payable July 31, 2009, to shareholders of record at
the close of business on June 30, 2009, as follows:
... |
|
| 05/07/09 | PECO Pays 6 % Interest To Help Customers Pay Their Energy Bills| Enrollment begins for PECO's Early Phase-In payment option
PHILADELPHIA--(BUSINESS WIRE)--May. 7, 2009--
Enrollment begins in May for PECO’s Early Phase-In program, a new
payment option to help customers prepare for the beginning of
market-based rates on January 1, 2011. An optional energy-savings
account, the program gives customers the choice of paying a little more
each month, for 18 months, beginning July 2009. Those payments, plus 6
percent int... |
|
| 05/07/09 | With Warmer Weather, PECO Reminds Customers to be Safe| May is National Electric Safety Month
PHILADELPHIA--(BUSINESS WIRE)--May. 7, 2009--
Electric energy use is typically on the rise during warmer weather, so
PECO suggests “there is no time like the present” to conduct an
electrical home inspection. During National Electrical Safety Month in
May, PECO encourages everyone to make sure your home is safe from
electrical hazards to prevent injury and property damage.
According to the U.S. Consumer ... |
|
| 05/06/09 | VolunteerMatch Recognizes Exelon for Excellence in Corporate Volunteering| Volunteer network cites outstanding innovation, impact and leadership in employee volunteer engagement
SAN FRANCISCO--(BUSINESS WIRE)--May. 6, 2009--
VolunteerMatch has honored Exelon as its Corporate Volunteer Program of
the year for the second year in a row for leadership in employee
volunteer program management in its annual survey of corporate
volunteering in the United States.
The award, announced at the organization’s annual client summit,
... |
|
| 05/06/09 | Utility Chief Joins EDAF in National Ad Campaign Supporting Carbon Cap Legislation; Executive Says "Smart Cap" Will Boost Economy, Protect Family Budgets| WASHINGTON--(BUSINESS WIRE)--May. 6, 2009--
The head of one of the largest electric utilities in the nation is
taking to the airwaves with Environmental Defense Action Fund in a new
advertising campaign that endorses a “smart cap” on carbon as the
climate change solution that protects consumers.
John W. Rowe, chairman and chief executive officer of Chicago-based
Exelon Corporation, highlights the economic benefits of a carbon cap in
a ... |
|
| 05/05/09 | To Avoid Potential Hazards with Utility Lines, PECO Urges Contractors and DIYers to Call Before You Dig| PUC, PECO Holding Safety Day May 7 at Kimberton Fire Co. with Safe Excavation, Trench Rescue and Electric Hazards Demonstrations
PHILADELPHIA--(BUSINESS WIRE)--May. 5, 2009--
More Americans are planning home improvement projects instead of moving,
and with springtime comes more construction, landscaping and other work
that involves excavation around our communities.
To avoid hazards with underground electric, natural gas and other
utility facilitie... |
|
| 05/01/09 | ComEd Customer Bills Will Decrease Beginning in June| Customers benefit from declines in market prices for electricity
CHICAGO May 1 /PRNewswire/ -- ComEd customers are expected to see lower
bills beginning in June - a reflection of a dramatic drop in the cost of
electricity, which is to be purchased through a competitive procurement
process.
ComEd will file new rates with the Illinois Commerce Commission (ICC) that
reflect the recent drop in the cost of wholesale power. The filing will
include an estimate of the impact on custo... |
|
| 04/30/09 | That's a Wrap: PECO Celebrates "Earth Month" With $150,000 In Grants For Green Projects| 18 Municipal Grants Help Preserve Open-Space Across the Region
PHILADELPHIA--(BUSINESS WIRE)--Apr. 30, 2009--
As “Earth Month” wraps up, PECO is helping to make 18 local communities
even greener with $150,000 in funding as part of Green Region, PECO’s
municipal open space grant program.
PECO’s Green Region program provides grants for projects focusing on
open space preservation, improvements to parks and recreation resources,
and conservatio... |
|
| 04/29/09 | ComEd Announces Organizational Changes| Names first female president in company's history
CHICAGO, April 29 /PRNewswire/ -- ComEd Chairman and CEO Frank M. Clark
today announced key organizational changes, which follow the recently
announced retirements of President and Chief Operating Officer J. Barry
Mitchell, Senior Vice President, Chief Financial Officer, and Treasurer Robert
(Bob) K. McDonald and Senior Vice President, Customer Operations Sally T.
Clair.
The organizational changes also reflect the departure o... |
|
| 04/29/09 | Exelon Corporation Declares Dividend| CHICAGO, Apr 29, 2009 (BUSINESS WIRE) -- The Board of Directors of Exelon Corporation declared a regular
quarterly dividend of $0.525 per share on Exelon's common stock. The
dividend is payable on June 10, 2009, to shareholders of record of
Exelon at 5:00 p.m. New York Time on May 15, 2009.
Exelon Corporation is one of the nation's largest electric utilities
with approximately $19 billion in annual revenues. The company has one
of the industry's largest p... |
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| 04/27/09 | Exelon Energizes National Volunteer Week With 36 Environmental Service Projects| More than 1,300 Exelon employees donated 5,000 hours to 83 community service projects as part of company's award-winning volunteer program
CHICAGO--(BUSINESS WIRE)--Apr. 27, 2009--
As part of its commitment to environmental stewardship, Exelon dedicated
nearly half of its employee-led volunteer work during National Volunteer
Week to environmental projects. Overall, more than 1,300 employees
across the Exelon family of companies participated in more than 80
... |
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| 04/23/09 | Exelon Announces First Quarter Results; Reaffirms Full Year 2009 Earnings Guidance| CHICAGO--(BUSINESS WIRE)--Apr. 23, 2009--
Exelon Corporation (NYSE: EXC) today announced that its first quarter
2009 consolidated earnings prepared in accordance with GAAP were $712
million, or $1.08 per diluted share, compared with earnings of $581
million, or $0.88 per share, in the first quarter of 2008.
Exelon’s adjusted (non-GAAP) operating earnings for the first quarter of
2009 were $797 million, or $1.20 per diluted share, compared wit... |
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| 04/22/09 | Plant the Right Tree in the Right Place; PECO offers Earth Day and Arbor Day tips for selecting the right trees for planting near electric lines| PHILADELPHIA--(BUSINESS WIRE)--Apr. 22, 2009--
National Arbor Day is Friday, April 24, and PECO offers tips and
suggestions to help everyone ‘plant the right tree in the right place.’
Whether you are a property owner, community group or developer, PECO
urges you to plant trees that will stay clear of overhead power lines as
much as possible. Tall-growing trees should be planted at least 30 feet
away from power lines.
PECO encou... |
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| 04/22/09 | Exelon and SunPower to Develop Nation's Largest Urban Solar Power Plant| 10-megawatt solar installation would turn Chicago South Side brownfield site into a source of low-carbon electricity
CHICAGO--(BUSINESS WIRE)--Apr. 22, 2009--
Exelon and SunPower Corp. (Nasdaq: SPWRA) (Nasdaq: SPWRB) today
announced an agreement to develop the nation’s largest urban solar power
plant at a former industrial site on Chicago’s South Side. The
10-megawatt solar photovoltaic (PV) facility is scheduled for completion
by the end of this year.
... |
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| 04/21/09 | This Arbor Day Join ComEd in Planting the Right Tree in the Right Place| CHICAGO, April 21, 2009 /PRNewswire via COMTEX/ -- In support of National Arbor Day on Friday, April 24, ComEd is offering homeowners, community groups and businesses helpful tips for planting the right tree in the right place.
This year ComEd plans to spend more than $55 million on trees and tree maintenance across northern Illinois to support the environment and minimize tree-related outages. In 2008, ComEd employees participated in nearly 20 tree-planting activities and to commemorate Arbor ... |
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| 04/17/09 | PECO Energizes New $25 Million Tunnel Substation To Boost Energy Supply, Improve Electric Reliability for University City| First Circuit Now Feeding Children's Hospital
PHILADELPHIA--(BUSINESS WIRE)--Apr. 17, 2009--
PECO has energized the first of eight circuits from its new $25 million
Tunnel Substation to meet the growing needs of University City and West
Philadelphia. The substation is part of the company’s $400 million
capital investment for improved system performance and reliability in
2009.
The Tunnel Substation is nearing completion after nearly three ye... |
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| 04/16/09 | PECO Receives PUC OK to Buy Electricity at Best Prices for Customers and Provide $7 Million Additional Low-Income Help| Enrollment for company's Early Phase-In option begins in May and also will help customers prepare for the end of rate caps
PHILADELPHIA--(BUSINESS WIRE)--Apr. 16, 2009--
PECO's plan to purchase electricity at the best possible prices for
customers and provide $7 million in additional energy efficiency
assistance to low-income customers, was approved today by the
Pennsylvania Public Utility Commission (PUC). The plan is part of PECO's
comprehensive effort t... |
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| 04/15/09 | Do you like to text or prefer to call?| PECO now offers online outage reporting
PHILADELPHIA--(BUSINESS WIRE)--Apr. 15, 2009--
In today’s fast paced environment in which so many stay connected via
smart phones and the Internet, making a telephone call to report a power
outage may not be the choice for some people.
PECO still wants to hear from its customers when power outages occur, so
it now offers outage reporting online, which can be completed quickly
from any computer or PDA. ... |
|
| 04/09/09 | Grow Energy Savings Potential With a New Twist to Landscaping| --ComEd offers green tips for the green thumbCHICAGO, April 9, 2009 /PRNewswire via COMTEX/ -- As the spring gardening season approaches, ComEd is offering customers a new twist to landscaping projects with several energy efficiency tips to conserve energy, save money and help the environment.
The U.S. Department of Energy predicts that the proper placement of only three trees will save an average household between $100 and $250 in energy costs annually. Carefully positioned trees can save up t... |
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| 04/07/09 | U.S. EPA: Exelon Reduced its Greenhouse Gas Emissions by More Than 35 Percent| Company surpasses Climate Leaders program emissions reduction goal and makes substantial progress on Exelon 2020 CHICAGO, Apr 07, 2009 (BUSINESS WIRE) -- In its ongoing effort to address climate change, Exelon announced today
that as of the end of 2008 it had reduced its greenhouse gas (GHG)
emissions by more than 35 percent from 2001 levels. The U.S.
Environmental Protection Agency (EPA) recently verified Exelon's
reduction of nearly 6 million metric tons in ... |
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| 03/30/09 | Tree Trimming to Keep the Lights On| $25 Million Tree Maintenance Program Benefits 440,000 PECO Customers in 2009
PHILADELPHIA--(BUSINESS WIRE)--Mar. 30, 2009--
PECO will spend $25 million this year for tree maintenance along its
transmission and distribution lines that will benefit 440,000 customers
across the Greater Philadelphia region. With trees as the leading cause
of power outages, tree clearance around aerial power lines is vital for
maintaining strong electric service reliability.
... |
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| 03/30/09 | New Web Site Launched For Electricity Generators Interested In Bidding For Upcoming PECO Power Purchases| PHILADELPHIA--(BUSINESS WIRE)--Mar. 30, 2009--
PECO has launched a new Web site to help the company purchase
electricity for delivery to customers when rate caps end on Jan. 1,
2011. The site, www.pecoprocurement.com,
will provide electric generators with important information needed to
submit bids and participate in PECO’s future power procurements, with
the first planned for late spring 2009.
The site will serve as the company‘s cent... |
|
| 03/29/09 | ComEd Reports Reduction in Electricity Usage During Earth Hour| --ComEd customers showed that together we can all make an impact in the fight against climate changeCHICAGO, March 29, 2009 /PRNewswire via COMTEX/ -- As ComEd customers turned off the lights
during Earth Hour at homes, businesses, and Chicago landmarks, ComEd saw the
demand for electricity drop by about 1 percent in the City of Chicago and
throughout its northern Illinois service territory, according to figures
released by the utility.
To calculate the energy reduction achieved during the ... |
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| 03/26/09 | Exelon Response Letter to NRG Regarding Nominations to NRG Board| CHICAGO--(BUSINESS WIRE)--Mar. 26, 2009--
Exelon Corporation (NYSE: EXC) today sent the following letter in
response to NRG’s letter requesting that Exelon withdraw its proposals
to expand the size of the NRG Board of Directors.
---------------------------------
March 26, 2009
... |
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| 03/24/09 | PECO receives Pennsylvania PUC approval for $45 million transmission substation in Worcester Township, Montgomery County| New substation to increase regional transmission grid reliability
PHILADELPHIA--(BUSINESS WIRE)--Mar. 24, 2009--
PECO has received approval from the Pennsylvania Public Utility
Commission (PUC) to build a new electric transmission substation in
Worcester Township, Montgomery County. The $45 million project is PECO’s
largest project this year as part of the company’s $400 million capital
investments for improved system performance and reliability in 2009.
... |
|
| 03/19/09 | Smart Home: Green + Wired Powered by ComEd Reopens| Exhibit at Museum of Science and Industry showcases ComEd's environmental
programs
CHICAGO, March 19 /PRNewswire/ -- ComEd is once again sponsoring the Smart
Home: Green + Wired, Powered by ComEd exhibit at the Museum of Science and
Industry. The Smart Home showcases ComEd's electricity-saving programs for
customers and other ways to practice green living. The exhibit is open today
through Jan. 3, 2010.
The Smart Home demonstrates the latest in sustainable living and
environm... |
|
| 03/19/09 | Mylar Balloon Disrupts Service to 7,000 Customers in Chicago's South Suburbs| --In 2008, metallic balloons accounted for 52 outages affecting 30,586 customersCALUMET CITY, Ill., March 19, 2009 /PRNewswire via COMTEX/ -- This morning, a stray Mylar balloon floated into a ComEd substation and disrupted service to 6,945 customers in Chicago's south suburbs. The outage is a reminder of the harm that metallic balloons pose to electrical equipment and the need to control these balloons.
When Mylar balloons touch a power line or piece of substation equipment, their metallic pro... |
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| 03/19/09 | PECO Energy Completes $250 Million Bond Sale| PHILADELPHIA--(BUSINESS WIRE)--Mar. 19, 2009--
PECO announced today it has agreed to sell $250 million of first and
refunding mortgage bonds maturing on October 1, 2014, with a coupon of
5.00 percent.
BNP Paribas, Loop Capital Markets, Morgan Stanley, and Wachovia
Securities served as joint “book-runners” for the offering. The sale is
scheduled to close on March 26, 2009.
PECO will use the net proceeds from the sale of the bond... |
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| 03/18/09 | PECO Getting Ready for Spring Maintenance With Fly Over Patrols of its Aerial Electric System| PHILADELPHIA--(BUSINESS WIRE)--Mar. 18, 2009--
As part of its annual spring maintenance programs, PECO is conducting
aerial patrols of its electric transmission lines, beginning today for
the next five weeks. Residents near transmission right-of-ways may
notice low flying, slow moving helicopters along the utility’s
transmission corridors.
PECO will use a blue-and-white helicopter and infrared cameras to
inspect transmission towers, ne... |
|
| 03/17/09 | Exelon Files Preliminary Proxy for NRG Annual Meeting| Includes Proposals to Elect Independent Candidates
CHICAGO--(BUSINESS WIRE)--Mar. 17, 2009--
Exelon Corporation (NYSE:EXC) announced today that it has filed a
preliminary proxy statement with the Securities and Exchange Commission
in connection with its solicitation of proxies for the 2009 annual
meeting of the shareholders of NRG Energy, Inc. (NYSE:NRG).
Exelon is seeking NRG shareholder approval for the following proposals:
... |
|
| 03/16/09 | ComEd and Partners Announce Expanded Bill Payment Assistance Efforts| Includes new CARE Helping Hand initiative, assistance fairs, and support
for pending legislation to help families pay electric bills
CHICAGO, March 16 /PRNewswire/ -- ComEd understands that with the economic
downturn, some customers are facing serious challenges paying their bills
some for the first time and they may not know where to turn for help. To
assist these customers, ComEd today announced a new two-week initiative named
CARE Helping Hand, as well as a suite of assistance ... |
|
| 03/16/09 | PECO $400 Million Capital Investment Plan Provides Economic Boost for Philadelphia Region, Funds Energy Delivery Infrastructure Improvements| Aims to Improve Service Reliability, Upgrade & Modernize Electric and Gas Delivery System Performance
PHILADELPHIA--(BUSINESS WIRE)--Mar. 16, 2009--
PECO (NYSE:EXC) said it will fund its electric and gas operations with
roughly $400 million this year for infrastructure improvements and new
facilities to improve service reliability, field productivity and system
performance, as well as investments to improve energy efficiency at
several company facilities. ... |
|
| 03/13/09 | ComEd Goes Back-to-Back: 2nd Consecutive National Award for Outstanding Emergency Response| Utility recognized for restoring more than 500,000 customers in just four
days.
WASHINGTON, March 13 /PRNewswire/ -- For the second consecutive year, the
Edison Electric Institute (EEI) has honored ComEd as recipient of the
association's "Emergency Recovery Award." This year's award recognizes the
Chicago-based utility's response following a series of severe August
thunderstorms that left more than 500,000 customers without service in
northern Illinois.
The Aug. 4 storms prod... |
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| 03/12/09 | Earn 6% Interest from PECO to Help Pay Your Energy Bill| PECO's Early Phase-In Option Will Help Customers Prepare Now for the End of Rate Caps
PHILADELPHIA--(BUSINESS WIRE)--Mar. 12, 2009--
PECO’s Early Phase-In option, approved today by the Pennsylvania Public
Utility Commission (PUC), will help customers begin to prepare for the
end of rate caps on January 1, 2011. With Early Phase-In, customers have
the option of paying a little more each month beginning July 2009. Those
payments, plus 6 percent interest paid... |
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| 03/11/09 | More Money, More Time to Help PECO Customers Pay Their Energy Bills| LIHEAP deadline extended to April 3 with more than $6 million additional help available INTERVIEW OPPORTUNITY: Company officials are available to conduct interviews informing readers/listeners/ viewers of what steps to take to ensure accounts are in good standing to avoid spring service termination.PHILADELPHIA, Mar 11, 2009 (BUSINESS WIRE) -- To help customers deal with tough economic conditions, more than $6
million in additional assistance is now available through the Federal
... |
|
| 03/11/09 | Exelon's PECO Energy Declares Dividends on Preferred Stock| PHILADELPHIA--(BUSINESS WIRE)--Mar. 11, 2009--
Directors of PECO Energy Company have declared dividends on all series
of preferred stock, payable May 1, 2009, to shareholders of record at
the close of business on March 31, 2009, as follows:
Series
... |
|
| 03/10/09 | SIGNED...SEALED...DELIVERED! PECO Settlement Is First Step to End Price Uncertainty and Provides $7 Million in Additional Energy Efficiency Assistance to Low-Income Customers| PHILADELPHIA--(BUSINESS WIRE)--Mar. 10, 2009--
PECO has finalized a plan that will result in the lowest electricity
prices for customers when rate caps expire on January 2011. The plan
also provides $7 million in additional energy efficiency assistance for
low-income customers. Agreed to by consumer advocates, industrial users
and others, the plan was filed today for approval with the Pennsylvania
Public Utility Commission (PUC) and is part of PECO’s... |
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| 03/10/09 | Exelon Energy Introduces Pilot Program for Emission-Free Energy Product| Emission-Free Energy Certificates help commercial and industrial customers measure environmental benefit of purchasing low-carbon electricity
KENNETT SQUARE, Pa.--(BUSINESS WIRE)--Mar. 10, 2009--
Exelon Energy, the competitive retail energy marketing subsidiary of
Exelon Corporation, unveiled a product designed to help customers
demonstrate their commitment to limit air pollutants associated with the
electricity they use. This new product, an Emission-Free Energy... |
|
| 03/06/09 | PECO Completes Cleanup of Former Gas Plant Sites| Two Montgomery County sites now ready for beneficial use
PHILADELPHIA--(BUSINESS WIRE)--Mar. 6, 2009--
Two former manufactured gas plant (MGP) sites in Montgomery County are
now ready for recreational and residential development.
PECO was responsible for 27 former MGP sites across suburban
Philadelphia. Since the company began cleaning up the sites in 1994, it
has earned Pennsylvania Department of Environmental Protection (PADEP)
certificati... |
|
| 03/05/09 | PECO to Host Energy Fair| Event to Help Customers Save Energy and Money
PECO:
WHAT:
In an effort to help customers better understand their energy
usage and learn ways to use electricity more efficiently, PECO is
hosting an Energy Fair that will include information on
... |
|
| 03/04/09 | PECO Goes Solar!| Company seeks PUC permission to purchase solar renewable energy credits
PHILADELPHIA--(BUSINESS WIRE)--Mar. 4, 2009--
In a plan filed today with the Pennsylvania Public Utility Commission
(PUC), PECO is seeking approval to purchase 6 megawatts of solar
renewable energy credits as part of the company’s ongoing fulfillment of
the state’s Alternative Energy Portfolio Standards (AEPS). If approved,
this would make PECO the first PA utility to purchase and bank... |
|
| 03/03/09 | Boost Cash Flow and Save Energy with Low-Flows| --Adjusting water use can reduce electricity use and save moneyCHICAGO, March 3, 2009 /PRNewswire via COMTEX/ -- Meeting consumer water needs requires a considerable amount of energy. Water heating alone can account for up to 25 percent of the energy consumed in a home. Whether water is being dispensed, heated or used to clean dishes and clothes, electricity is being used - contributing to monthly electricity bills. Further, cleaning all of the water used by homes and businesses in wastewater t... |
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| 03/02/09 | Thomas O'Neill Promoted to Senior Vice President to Drive Generation Business Development| KENNETT SQUARE, Pa., March 2, 2009 /PRNewswire-FirstCall via COMTEX/ -- Thomas S. O'Neill, vice president of Exelon Nuclear's new plant development program since March 2007, has been promoted to Senior Vice President, Generation Development for Exelon Generation, Exelon President and Chief Operating Officer Chris Crane announced today.
In his new role, O'Neill will be responsible for identification and development of new renewable and merchant generation and new enterprises, providing oversight... |
|
| 03/02/09 | ComEd to Mentor High School Teams in Innovative Energy Education Effort| CHICAGO, March 2, 2009 /PRNewswire via COMTEX/ -- Addressing topical challenges regarding energy and the environment, ComEd is providing technical energy efficiency expertise to seven northern Illinois high schools in a pilot initiative designed to promote innovation-centered education and to increase student achievement in math, science and engineering.
Through a public-private partnership with the Illinois Department of Commerce & Economic Opportunity (DCEO) and the Illinois State Board of Ed... |
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| 03/02/09 | PECO To Hold Energy Fair| Event to Help Customers Conserve Energy and Save Money
PHILADELPHIA--(BUSINESS WIRE)--Mar. 2, 2009--
PECO will host an energy fair for its customers from 10 a.m. to 3 p.m.
on Saturday, March 7 at the company’s headquarters at 2301 Market St.,
Philadelphia. The fair is aimed at helping customers better understand
their energy usage and demonstrating how energy can be used more
efficiently.
Several booths will be located throughout the PECO lo... |
|
| 03/02/09 | Statement Regarding NRG Announcement of Purchase of Reliant Retail Operation| CHICAGO, Mar 02, 2009 (BUSINESS WIRE) -- Exelon Corporation (NYSE:EXC) indicated today that it is evaluating the
announcement by NRG that it will acquire the retail assets of Reliant
Energy, Inc.
"As we have previously stated, our proposed acquisition of NRG will
create significant value for both NRG and Exelon shareholders. NRG
hasn't provided enough information about its deal with Reliant to enable
us to make an informed judgment about the impact of tha... |
|
| 03/02/09 | ComEd Employees Honored for Shaping the Future of Engineering| CHICAGO, March 2 /PRNewswire/ -- Two ComEd employees were recognized as
Modern-Day Technology Leaders during a leadership luncheon on Feb. 20 at the
23rd Black Engineer of the Year (BEYA) Global Competitive Conference in
Baltimore, Md.
Michelle Blaise, director, Engineering Planning, and Tim Hughes,
operations coordinator, Transmission & Substations, ComEd were among many
professionals working in the science, technology, engineering and math fields
honored at the conference.
... |
|
| 02/27/09 | PECO Praises City Police Arrest in Utility Theft of Service in Philadelphia| Illegal electric connections pose serious public safety risks
PHILADELPHIA--(BUSINESS WIRE)--Feb. 27, 2009--
After a year-long investigation, Philadelphia police arrested a North
Philadelphia man this week for allegedly stealing electricity over an
extended period of time and risking a catastrophe.
PECO identified a property in the 300 block of West Milne Street without
an active utility account, but illegally connected to PECO power lines
a... |
|
| 02/26/09 | ComEd's Fleet of Green Vehicles Ranks 7th Largest in U.S.| Second-largest among utilities; part of leadership role to cut greenhouse
gas emissions
CHICAGO, Feb. 26 /PRNewswire/ -- Exemplifying ComEd's commitment to
responsible environmental stewardship, a new report by GreenBiz.com and
Automotive Fleet Magazine has ranked ComEd's fleet of alternative-fuel
vehicles as the seventh largest in the U.S.
Contained in the report "State of Green Business 2009," the list features
five electric and gas utilities in the top 10. Among these utili... |
|
| 02/26/09 | Shareholder Support for Exelon-NRG Combination Grows: Latest Extension Yields More Than 51% of Shares| Exchange Offer Extended to June 26, 2009 Given Focus on NRG Board Elections
CHICAGO--(BUSINESS WIRE)--Feb. 26, 2009--
Exelon Corporation (NYSE:EXC) announced that as of 5:00 p.m. New York
City time on February 25, 2009, NRG shareholders had tendered
125,403,103 shares of common stock of NRG Energy, Inc. (NYSE:NRG) in
Exelon’s exchange offer, which represented over 51% of the outstanding
shares of NRG common stock.
“Yesterday’s result deliver... |
|
| 02/25/09 | PECO's Natural Gas Rate To Decrease 10 Percent| Lower National Demand and Strong Supply Drives Gas Supply Costs DownPHILADELPHIA, Feb 25, 2009 (BUSINESS WIRE) -- PECO announced today it would lower its natural gas rate by 10 percent
on average for its 485,000 suburban gas customers, effective March 1.
Combined with two previous quarterly decreases, the gas commodity
portion of PECO's natural gas rate will now be the lowest it has been
since December 2003.
An average residential heating customer who uses 80 ccf... |
|
| 02/24/09 | DuPage Habitat for Humanity, ComEd, and College of DuPage Partner to Help Consumers Go Green, Save Green| 11 New Homes to Feature Affordable Energy Efficiency Technologies
WHEATON, Ill., Feb. 24 /PRNewswire/ -- DuPage Habitat for Humanity, ComEd,
and College of DuPage today announced a green partnership in the development
of a $3 million Habitat for Humanity residential subdivision in DuPage County.
The new homes, which will be built in the Pioneer Prairie neighborhood of
suburban West Chicago, will allow 11 limited-income families to purchase
attainable, sustainable homes.
ComEd ... |
|
| 02/23/09 | PECO's West Chester Service Building Earns Silver LEED Certification| New Building Expected to Use 20 Percent Less Energy and 40 Percent Less Water
PHILADELPHIA--(BUSINESS WIRE)--Feb. 23, 2009--
The United States Green Building Council has awarded silver
certification for Leadership in Energy and Environmental Design (LEED)
to PECO’s West Chester Service Building. The award is given for meeting
stringent energy usage and environmental impact standards.
The building, located on South Bolmar Street in West Chester, Che... |
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| 02/20/09 | With Colder Weather, Electric and Gas Usage Up in January by PECO Customers| PECO Advises Customers: Programs Are Available to Help Manage Energy Costs
PHILADELPHIA--(BUSINESS WIRE)--Feb. 20, 2009--
PECO customers used considerably more electricity and natural gas last
month when compared with December and the previous January, primarily
due to colder weather in the Greater Philadelphia region.
Higher energy usage will mean higher bills. “We understand our customers
may be impacted in today’s economy, and we can help,” said... |
|
| 02/19/09 | Save Green by Going Green in Your Home Office| --ComEd Recommends Energy Efficiency Tips for At-Home WorkersCHICAGO, Feb 19, 2009 /PRNewswire via COMTEX/ -- Teleworking or running a home-based business can save money and help the environment by decreasing carbon emissions from commuting. ComEd recommends several tips for customers to save more money and make a bigger impact on the environment by better managing energy usage in their home offices.
Teleworking is well on its way to becoming a mainstay in today's work environment. According to... |
|
| 02/17/09 | ComEd Announces Comprehensive Plan to Drive Cost Efficiencies and Effectiveness| CHICAGO, Feb 17, 2009 /PRNewswire via COMTEX/ -- ComEd officials today announced their comprehensive plan to build a stronger company to meet the needs of its customers now and in the future.
As part of an ongoing process to make ComEd even more effective and efficient, ensuring its customers have reasonable rates, ComEd will continue to examine the business, improve processes, drive out unnecessary costs and work more efficiently.
"We are focused on both short- and long-term conditions of t... |
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| 02/16/09 | Adler, ComEd Challenge Students to Shoot for the Moon With Essay Contest| Trip to Space Camp Up for Grabs for Winning Student, Teacher
CHICAGO, Feb. 16 /PRNewswire/ -- ComEd and the Adler Planetarium today
announced the Third Annual Shoot for the Moon essay contest. This year, high
school students are asked to write an essay about a teacher who has inspired
them to "shoot for the moon" and succeed in science. The student with the
winning essay will receive an all-expenses-paid trip to Space Camp in Alabama,
and - new this year - the winner's inspirationa... |
|
| 02/06/09 | ComEd Reliability Performance Improves in 2008; 13 Percent Fewer Outages Than in 2007| CHICAGO, Feb 06, 2009 /PRNewswire via COMTEX/ -- Even though 2008 was marked by numerous
severe storms ranging from tornados to an ice storm, ComEd customers
experienced 14 percent fewer outages than in 2007.
"Our enhanced reliability reflects the investments we have made in our
systems and people, as well as the continued strong commitment by our
employees to keep our customers' lights on and, when outages occurred, restore
service as quickly and safely as possible," said ComEd President ... |
|
| 02/04/09 | Just as Pocket Change Adds Up Over Time, Small Changes in Electricity Usage Add Up to Real Energy and Cost Savings| CHICAGO, Feb. 4 /PRNewswire/ -- Skipping a high priced coffee once a week
can add up to about $200 at the end of the year. Incremental changes like this
clearly can make a difference in the long-term. With the challenging state of
the economy and environment, ComEd is recommending simple changes for
customers to save money and conserve energy as the utility kicks off the
second year of its 12 Ways to Green campaign. As ComEd partners with its
customers to become more energy efficient a... |
|
| 02/03/09 | ComEd Receives Recognition for Its Environmental Management System| CHICAGO, Feb. 3 /PRNewswire/ -- ComEd today announced it has received ISO
14001 certification of its Environmental Management System (EMS), an important
validation of ComEd's commitment to the environment and its key role in
helping Illinois become a national leader in environmental stewardship.
"We are very proud of our ISO 14001 certification, which is recognized as
the 'gold standard' for environmental stewardship," said Terry Donnelly,
senior vice president, Transmission & Dist... |
|
| 02/02/09 | Exelon Appoints Admiral Richard W. Mies to Board of Directors| CHICAGO--(BUSINESS WIRE)--
Exelon appointed Admiral Richard W. Mies to its board of directors on
Tuesday, Jan. 27. Mies, 64, is president and chief executive officer of
The Mies Group, Ltd., a consulting firm.
“Richard brings to the Exelon board additional depth of expertise in
oversight of nuclear operations,” said John W. Rowe, Exelon chairman and
CEO. “His unique combination of nuclear, policy and business experience
gained through ... |
|
| 02/02/09 | PECO Electric Reliability Improves in 2008, Customers Experience 16% Fewer Outages During Non-Storm Days| PHILADELPHIA--(BUSINESS WIRE)--
PECO customers experienced 205,500 fewer electric interruptions in 2008
compared to the previous year, or a reliability improvement of 16
percent, marking the company’s best non-storm performance in 15 years.
Additionally, the number of outage events (the actual system problem
that results in customer interruptions) dropped by 7.5 percent as well.
The City of Philadelphia had the best service reliability in PEC... |
|
| 01/30/09 | Exelon to Nominate Independent Directors for NRG Board| CHICAGO--(BUSINESS WIRE)--
Exelon Corporation (NYSE:EXC) announced today it has proposed a slate of
independent nominees for election to the Board of Directors of NRG
Energy, Inc. (NYSE:NRG) at the NRG 2009 annual meeting of shareholders,
together with a proposal to increase the number of NRG directors from 12
to 19. Exelon said it would nominate nine highly qualified, independent
candidates for election at NRG’s next annual meeting of shareholders.
... |
|
| 01/27/09 | Exelon Corporation Declares Dividend| CHICAGO--(BUSINESS WIRE)--Jan. 27, 2009--The Board of Directors of Exelon Corporation declared a regular
quarterly dividend of $0.525 per share on Exelon's common stock. The
dividend is payable on March 10, 2009, to shareholders of record of
Exelon at 5:00 p.m. New York Time on February 13, 2009.
Exelon Corporation is one of the nation's largest electric utilities
with approximately $19 billion in annual revenues. The company
has one of the i... |
|
| 01/22/09 | Exelon Announces Fourth Quarter and Full Year 2008 Results; Reaffirms 2009 Earnings Guidance| CHICAGO--(BUSINESS WIRE)--Jan. 22, 2009--Exelon Corporation's (Exelon) fourth quarter 2008 consolidated earnings
prepared in accordance with GAAP were $707 million, or $1.07 per diluted
share, compared with earnings of $562 million, or $0.84 per share, in
the fourth quarter of 2007. Full year 2008 consolidated earnings
prepared in accordance with GAAP were $2,737 million, or $4.13 per
diluted share, compared with $2,736 million, or $4.05 per diluted share
... |
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| 01/21/09 | 10,000 ComEd Customers Needed to Participate in Free Outage Alert Pilot Program| CHICAGO, Jan 28, 2009 /PRNewswire via COMTEX/ -- Outage map and mobile-enabled outage information now available
The magic number is 10,000. That's how many customers ComEd is looking for to participate in a free, 3-month outage alert pilot that will provide customers with outage information and updates. The program is open to the first 10,000 customers to sign up.
Customers can sign up now. The outage alerts will begin in February. Results from the pilot program will help ComEd determine how... |
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| 01/21/09 | PECO: Electric, Natural Gas Deliveries to Customers Down in December| Energy Delivery for 2008 as a Whole Lower Than 2007 as Well
PHILADELPHIA--(BUSINESS WIRE)--Jan. 21, 2009--Due to lower customer usage and weather, electric and natural gas
consumption by PECO (www.peco.com)
customers in the Greater Philadelphia region was lower in December and
during 2008 as well.
The company delivered 3.4 billion kilowatt-hours (kwh) in December,
which was about one percent lower than December 2007. For the year, PECO
deliv... |
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| 01/16/09 | PECO And PHA To Celebrate MLK Day Of Service By Helping Families Save Energy And Money| First 500 families to receive free CFL bulbs
PECO:
PECO and Philadelphia Housing Authority (PHA) employees will be giving
WHAT: away 500 free compact fluorescent light bulbs (CFLs) and information on
how to save energy to 2,500 families in North Philadelphia.
WHO: PECO and PHA employees and their families
PHA Commissioner Nellie W. Reynolds
WHEN: Monday, January 19, 2009
11 a.m. - 1 p.m. Volunteers dis... |
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| 01/15/09 | PECO Opens First Green Roof Installed on Existing Building in Pennsylvania| PHILADELPHIA--(BUSINESS WIRE)--Jan. 15, 2009--Following more than five months of work, PECO unveiled a completed green
roof on top of the company's headquarter building at 23rd and
Market Streets yesterday in Philadelphia. Totaling more than 45,000
square feet, it is the largest green roof ever installed on an existing
building in an urban area in Pennsylvania.
The vegetative roof consists of a variety of plants ranging from four to
eight inc... |
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| 01/13/09 | As Temperatures Drop, PECO Reminds Consumers of Increased Funds Available and Expanded Eligibility for Heating Aid to Help Meet Winter Energy Costs| PHILADELPHIA--(BUSINESS WIRE)--Jan. 13, 2009--With the coldest weather in two years approaching, consumers may be
concerned about how they will meet this winter's heating costs. PECO
reminds consumers it has a range of programs to assist its customers.
More money is available and more households are eligible this year for
assistance grants to help pay home heating bills.
Last winter, 42,000 grants were issued to PECO customers for a total of
... |
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| 01/08/09 | ComEd Adds 50 Prius Electric Plug-ins and Hybrids to One of Nation's Largest Green Fleets| Purchase to save utility 6,500 gallons of gas in 2009, reduce CO2
emissions
Chicago, Jan. 8 /PRNewswire/ -- One of the nation's largest private fleets
of alternative-fuel vehicles just got greener. ComEd has added 50 new Toyota
Prius hybrids and plug-in electric hybrids to a fleet that now numbers more
than 2,100 green vehicles.
ComEd meter readers in Chicago and the company's Maywood office will drive
the 50 new Priuses, including 10 Priuses that have been specially converted... |
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| 01/08/09 | PECO Launches New Web Site To Help Keep Customers In The Know| www.peco.com/know offers helpful information for customers to prepare for end of rate caps on Jan. 1, 2011
PHILADELPHIA--(BUSINESS WIRE)--Jan. 8, 2009--With the quick click of a computer's mouse, PECO customers now have
access to important information to help them understand changes in the
state's energy market, their bill, their energy use and PECO's energy
efficiency programs. PECO's new customer education Web site, www.peco.com/know,
is the central location fo... |
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| 01/07/09 | Initial Tender Outcome of Nearly 46% Signals Strong Shareholder Support for Exelon-NRG Deal| Exelon builds on early momentum, extending its exchange offer through Feb. 25
CHICAGO--(BUSINESS WIRE)--
Exelon Corporation (NYSE:EXC) announced today that as of the close of
business on January 6, 2009, shareholders had tendered 106,338,942
shares of common stock of NRG Energy, Inc. (NYSE:NRG) in the exchange
offer, which represents just over 45.6% of all outstanding shares of NRG
common stock.
“We are very pleased with the momentum our exc... |
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| 01/02/09 | PECO Increases Wind Energy Purchase for Philadelphia Headquarters| 15 percent wind energy to power PECO's Main Office Building
PHILADELPHIA--(BUSINESS WIRE)--Jan. 2, 2009--As part of its ongoing environmental commitment PECO today announced a
three-year, 4,050 megawatt hour per year purchase of wind energy for its
Main Office Building at 23rd and Market Streets in
Philadelphia. The purchase will cover 15 percent of the building's total
energy use and represents a 50 percent increase from the last wind
energy purchase for ... |
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