DOE Grid Reliability Report Calls for Urgent Energy Market Reforms
Exelon urges action on recommendations that will help ensure baseload
nuclear plants remain part of the nation’s energy mix
CHICAGO–(BUSINESS WIRE)–Exelon Corporation (NYSE: EXC) today issued the following statement with
regard to the U.S. Department of Energy’s report on electricity markets
and grid reliability:
“Exelon is pleased that the Department of Energy has called for urgently
needed energy market reforms as its first priority for the new FERC to
address quickly. These reforms will help preserve clean energy sources
and ensure critical American assets remain part of the mix, including
baseload nuclear plants that provide more than 60 percent of our
nation’s emissions-free energy. We applaud the Department of Energy for
their work, and urge FERC and the RTOs to swiftly enact common-sense
reforms that will help safeguard the reliability, resilience, diversity
and affordability of our supply of electricity.”
About Exelon
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 2016
revenue of $31.4 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 35,500 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 2.2 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100. Follow
Exelon on Twitter @Exelon.
Contacts
Exelon Corporate Communications
Paul Adams, 410-470-4167
[email protected]
