Chicago, IL-based Exelon Corporation is a utility services holding company that operates through its subsidiaries – Generation, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Pepco Holdings (PHI) and Baltimore Gas and Electric (BGE). The company has operations in 48 states and the District of Columbia in the U.S., along with Canada. The company has a presence in every stage of the energy business: power generation, competitive energy sales, and transmission and delivery.
During 2020, Generation, ComEd, PECO, BGE, PHI, and Other contributed $17,603 million, $5,904 million, $3,058 million, $3,098 million, $4,663 million and $2,035 million, respectively, to its total revenues. Inter-segment elimination affected revenues by $3,322 million.
Exelon Generation is one of the leading competitive power generators in the country, with generation assets of 35,237 megawatts (MWs), comprising nuclear, gas, wind, solar and hydroelectric power plants. The company has long-term contracted generation totaling 3,966 MWs. It controls nearly 11,162 and 150,762 miles of transmission and distribution lines, respectively, and has installed 9.5 million smart meters to serve customers more effectively.
The generation business consists of electricity generating facilities, wholesale energy marketing operations and competitive retail supply operations of Exelon Generation Company LLC (Generation). It generates electricity through nuclear, fossil and hydroelectric facilities. Generation has six reportable segments — the Mid-Atlantic, Midwest, New England, New York, ERCOT and Other Power Regions.
Recently, Exelon’s board of directors has approved a plan to separate Exelon Corporation into two individual companies, one focusing on transmission and distribution of clean energy and natural gas to more than 10 million customers and the other to provide clean energy and sustainable solutions to homes, businesses and public sector customers across the continental United States, which will have more than 31,000 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas and hydro assets.