What are Exelon's main business segments?

Exelon Corporation operates through three primary business segments: Energy Delivery (comprising ComEd and PECO), Generation (its competitive power generation operations), and Enterprises (including infrastructure services, energy services, and other investments).

What is Exelon's strategy regarding its regulated utilities (ComEd and PECO)?

Exelon's regulated utilities, ComEd and PECO, are focused on providing reliable energy delivery services. They are making significant investments in transmission and distribution infrastructure to improve reliability and are navigating regulatory frameworks that include customer choice programs and rate caps/freezes.

What are the key financial considerations for investors in Exelon's Generation segment?

For the Generation segment, key financial considerations include its large and diverse fleet of nuclear, fossil, and hydroelectric facilities, its competitive position in wholesale energy markets, management of wholesale energy price volatility through hedging and long-term contracts with affiliates, and the integration of recent asset acquisitions, which have had a dilutive impact on earnings in the short term.

How is Exelon managing market risks?

Exelon manages market risks, including commodity price, credit, and interest rate risks, through a comprehensive risk management policy. This involves the use of derivative financial instruments, credit risk management procedures, and careful monitoring of market conditions and counterparty exposures.

EXC 10-K FY2002 Annual Report — Revenue, Net Income, EPS

Summary

Exelon Corporation's 2002 10-K filing reveals a company navigating the evolving energy landscape. The report highlights the dual focus on regulated energy delivery through its subsidiaries ComEd and PECO, and its competitive generation business, Exelon Generation. The company is actively managing the impacts of energy market restructuring, including customer choice programs in Illinois and Pennsylvania, and is investing significantly in transmission and distribution infrastructure to improve reliability. Financially, Exelon is working to manage costs and maintain its credit ratings amidst ongoing regulatory proceedings. The Generation segment, a major player in the competitive generation market, is focused on optimizing its diverse fleet of nuclear, fossil, and hydroelectric facilities, while also managing the integration of recent acquisitions and the associated risks. Investors should note the company's capital expenditure plans, its strategic approach to managing energy commodity price risks, and the ongoing efforts to address potential impacts from regulatory changes and market volatility.

Key Highlights

1Exelon Corporation operates through three main segments: Energy Delivery (ComEd and PECO), Generation, and Enterprises.
2The company is subject to significant regulation by federal and state agencies, including the SEC, FERC, ICC, and PUC.
3Energy Delivery segment continues to invest heavily in transmission and distribution infrastructure for reliability.
4The Generation segment is one of the largest competitive electric generation companies, with a substantial nuclear fleet.
5Exelon is managing the financial impacts of energy industry restructuring, including customer choice and the expiration of transition charges.
6The company is actively managing market risks, including commodity price, credit, and interest rate risks, through various financial instruments and policies.
7Significant capital expenditures are planned for 2003 across all segments to support operations and infrastructure improvements.

EXELON CORP Annual Report, Year Ended Dec 31, 2002

Summary

Key Highlights

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