New Exelon Report Shows Company's Transition to Sustainable Energy Future
CHICAGO (June 24, 2015) — Fulfilling its commitment to keep the public informed of its sustainability strategy and performance, Exelon has released its latest sustainability report. The report describes Exelon’s approach to providing reliable, clean, affordable and innovative energy products in an evolving energy landscape.
“The electric power sector is rapidly changing,” said Chris Crane, Exelon’s president and CEO. “We view this evolution as an opportunity to make our business more sustainable as we address evolving customer expectations, societal mandates and environmental considerations.”
The report presents a comprehensive record of Exelon’s economic, environmental and social sustainability performance. Examples of sustainability highlights for the year include:
- Exelon invested $3.1 billion in electric and gas utility infrastructure, including $500 million in smart meters and smart grid technology.
- Exelon added 215 megawatts of emission-free wind, solar and nuclear generation.
- The Exelon utilities helped customers save more than 7.6 million megawatt-hours of electricity through energy efficiency programs.
- Exelon achieved its best-ever safety performance by all key measures.
- Exelon formed a first-of-its-kind partnership with Bloom Energy to provide distributed fuel cell projects to customers.
- Exelon increased its companywide recycling rate to 69 percent.
- Exelon was named to the North America Dow Jones Sustainability Index for the ninth consecutive year.
- Employees volunteered more than 112,000 hours for the benefit of their communities.
- Exelon gave more than $31 million in corporate contributions to community nonprofits.
- Exelon spent more than $1 billion with diversity-certified suppliers.
Exelon’s approach to sustainability is built on its commitment to conducting business in a way that minimizes environmental impacts and supports its employees and the communities in which it operates. The new sustainability report describes the strategies Exelon is pursuing to support its sustainability goals, such as continuing to improve operational performance, making strategic investments across the energy value chain, and fostering a culture of innovation.
According to the report, Exelon ran its generation fleet at high efficiency levels in 2014, including a 94 percent nuclear capacity factor, 95 percent wind and solar energy capture rate and 97 percent fossil and hydro availability rate. In addition, Exelon diversified into new growth areas in 2014 through investments such as the Annova liquefied natural gas export project, new air-cooled combined cycle gas turbine plants in Texas, 21 megawatts of new distributed solar generation and numerous early-stage energy startups.
Exelon’s 2014 sustainability report is available on Exelon’s website at www.exeloncorp.com/assets/newsroom/downloads/docs/dwnld_Exelon_CSR.pdf.