Exelon actively reviews all opportunities to expand on and diversify our role in the energy business. As majority shareholder of Annova LNG, we are working to plan for the potential construction of a mid-scale natural gas liquefaction facility near the Port of Brownsville, Texas. The project is still in its early stages including project and site evaluations, as well as preliminary engineering and design.
This also includes the Federal Energy Regulatory Commission's LNG permitting process. We will only make a final decision if certain conditions are met. Those would include FERC approval, electrical & gas supply, economic considerations, firm customers and community support and will provide more details as the project progresses.