Sustainability report outlines Exelon’s investments in clean energy and innovative technology to better serve customers, communities and shareholders
CHICAGO–(BUSINESS WIRE)–Exelon today announced it has released its latest sustainability report as part of the company’s commitment to transparency on sustainability strategy and performance. The report describes Exelon’s approach to providing reliable, clean and affordable energy products and services, and its commitment to investing in technology and innovation to improve service to customers.
“Exelon is embracing new technological innovations, renewable growth, energy storage, local generation and other initiatives that are helping to reduce carbon emissions,” said Chris Crane, Exelon president and CEO. “As part of our strategy, we are investing in a next generation energy grid that uses clean energy and smart technology to provide a brighter, more sustainable future for our customers and communities.”
The report, which was based on company results prior to the merger with Pepco Holdings, presents a comprehensive record of Exelon’s economic, environmental and social sustainability performance. Report highlights for the year include:
- Investing $3.7 billion in electric and gas utility infrastructure to make the grid smarter, more reliable and more resilient
- Investing $1.1 billion to maintain the safety and reliability of one of the cleanest, lowest cost generation fleets in the nation
- Increasing current and future investment in renewable generation, with our wind portfolio now totaling 1,500 megawatts across 10 states
- Helping utility customers save more than 10.5 million megawatt-hours of electricity through energy efficiency programs
- Joining with CB&I and 8 Rivers Capital to build NET Power’s ﬁrst-of-its-kind demonstration power plant that produces zero atmospheric emissions
- Growing Constellation Technology Venture investments in electric vehicles, local generation, energy storage, renewable generation and intelligent buildings
- Enhancing corporate citizenship, with employees increasing charitable giving by 12 percent over the prior year and volunteering nearly 130,000 hours in community service
- Giving more than $36 million in corporate contributions to community nonprofits
- Spending more than $1.3 billion with diversity-certified suppliers, far surpassing 2014 spend
- Achieving first-quartile performance among peers for the length and duration of power outages at our utilities
- Increasing companywide recycling rate to 74 percent, the highest ever
- Being named to the North America Dow Jones Sustainability Index for the tenth consecutive year
Exelon’s 2015 sustainability report is available at http://www.exeloncorp.com/sustainability/interactive-csr.
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company with the largest number of utility customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2015 revenue of $34.5 billion. Exelon’s six utilities deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 32,700 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Follow Exelon on Twitter @Exelon.