Exelon Unveils Roadmap to Eliminate Equivalent of Current Annual Carbon Footprint by 2020

Nation’s largest electric and gas

utility outlines roadmap to reduce, displace or offset 15 million metric

tons of greenhouse gas emissions annually by 2020 –

the equivalent of taking 3 million cars off the road

CHICAGO–(EMWNews)–Exelon Corporation today unveiled a comprehensive environmental plan

that sets the standard for environmental action by a major U.S. energy

utility. Called Exelon 2020: A Low-Carbon Roadmap, the plan

details an enterprise-wide approach and host of initiatives being

pursued by the Exelon family of companies to reduce Exelon’s

greenhouse gas (GHG) emissions and those of its customers, communities,

suppliers and markets.

“The science is overwhelming –

climate change is happening now and human activity is the primary cause,”

said John W. Rowe, Exelon chairman, president and CEO. “As

an early member of the U.S. EPA Climate Leaders Program, Exelon has

already embraced a low-carbon strategy. Now, under Exelon 2020, we are

committing to a much broader, deeper and sustained effort that will

drive our business activities going forward.”

Exelon 2020 sets a goal of reducing, offsetting or displacing more than

15 million metric tons of greenhouse gas emissions (in carbon

dioxide-equivalent terms) per year by 2020. This is more than the company’s

current annual carbon footprint and is equivalent to taking nearly 3

million cars off American roads and highways.

Through Exelon 2020, Exelon is pursuing three broad strategies:

• Reduce or offset Exelon’s own carbon

  footprint by reducing our energy consumption and operating

  to the highest environmental standards in every aspect of our internal

  operations and supply chain.

• Help our customers and the communities we serve reduce their

  greenhouse gas emissions through industry-leading energy

  efficiency programs and a diverse portfolio of green products and

  services.

• Offer more low-carbon electricity in the marketplace by

  expanding the capacity of our existing low-carbon generation fleet and

  introducing new low-carbon capacity. This will allow Exelon to

  displace other, higher-emitting sources of generation and thereby

  reduce overall emissions in the regions where we operate.

Appropriate public policies are crucial to the success of Exelon 2020.

The Exelon companies will continue to advocate for effective federal

climate change legislation, workable competitive wholesale markets,

federal loan guarantees for new nuclear capacity development, stricter

energy efficiency standards, workable renewable resource mandates, R&D

funding for renewables and standard practices for offsets.

“Without sound, substantial, appropriate and

enabling public policy at the federal, regional and state levels, our

industry and our society will not be able to address the climate change

challenge as quickly, effectively and economically as is required,”

Rowe noted.

A sampling of programs under Exelon 2020 includes:

• An initiative to reduce energy consumption across our portfolio of

  buildings by 25 percent.

• An effort to engage suppliers on environmental initiatives and seek

  voluntary disclosures of their GHG emissions and energy consumption.

  Exelon was the first North American utility to join the Carbon

  Disclosure Project’s Supply Leadership

  Collaboration, and is leading an industry alliance that will set

  environmental standards for suppliers to utilities.

• The implementation of a $250 million, three-year energy efficiency

  plan by ComEd and the Illinois Department of Commerce and Economic

  Opportunity. In accordance with 2007 Illinois energy legislation, the

  program targets residential and commercial energy savings through

  more-efficient lighting, heating and cooling, appliance recycling,

  weatherization and energy audits. In Pennsylvania, PECO is working

  with policymakers to craft a similar plan that would reduce overall

  electricity consumption as part of the state’s

  new energy policy.

• An expansion of green product and service offerings to wholesale and

  retail customers.

• The potential development by Exelon Power of a 600-megawatt

  combined-cycle natural gas power plant in Pennsylvania that will

  displace higher-emitting generation.

• The growth of our portfolio of solar, wind, biomass and landfill-gas

  generation.

The American utility industry accounts for about 40 percent of all

greenhouse gas emissions in the U.S. Exelon was one of the first

companies in the utility sector to publicly recognize the threat posed

by global warming and is a member of the U.S. EPA’s

Climate Leaders Program. In 2005, the company made a voluntary

commitment under the Climate Leaders Program to reduce our greenhouse

gas emissions 8 percent from 2001 levels by the end of 2008 and is on

track to exceed that goal. Exelon’s

environmental performance has secured its place on the Dow Jones

Sustainability North America Index since 2006 and Carbon Disclosure

Project Climate Disclosure Leadership Index since 2005. In 2007, Exelon

was the top-ranked utility in the Leadership Index.

Exelon 2020: A Low Carbon Roadmap is available at www.exeloncorp.com.

Exelon Corporation is one of the nation’s

largest electric utilities with nearly $19 billion in annual revenues.

The company has one of the industry’s

largest portfolios of electricity generation capacity, with a nationwide

reach and strong positions in the Midwest and Mid-Atlantic. Exelon

distributes electricity to approximately 5.4 million customers in

northern Illinois and Pennsylvania and natural gas to 480,000 customers

in the Philadelphia area. Exelon is headquartered in Chicago and

trades on the NYSE under the ticker EXC.

This news release includes forward-looking statements within the

meaning of the Private Securities Litigation Reform Act of 1995, that

are subject to risks and uncertainties. The factors that could cause

actual results to differ materially from these forward-looking

statements include those discussed herein as well as those discussed in

(1) Exelon’s 2007 Annual Report on Form 10-K in (a) ITEM 1A. Risk

Factors, (b) ITEM 7. Management’s Discussion and Analysis of Financial

Condition and Results of Operations and (c) ITEM 8. Financial Statements

and Supplementary Data: Note 19; (2) Exelon’s First Quarter 2008

Quarterly Report on Form 10-Q (to be filed on April 24, 2008) in (a)

Part II, Other Information, ITEM 1A. Risk Factors and (b) Part I,

Financial Information, ITEM 1. Financial Statements: Note 13; and (3)

other factors discussed in filings with the Securities and Exchange

Commission by Exelon Corporation, Exelon Generation Company, LLC,

Commonwealth Edison Company, and PECO Energy Company (Companies).

Readers are cautioned not to place undue reliance on these

forward-looking statements, which apply only as of the date of this

presentation. None of the Companies undertakes any obligation to

publicly release any revision to its forward-looking statements to

reflect events or circumstances after the date of this news release.

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website 
TheNFG.com now offers Organic Lead Generation & Traffic Solutions