8-KRegulation FDExhibits & Filings

EXELON CORP 8-K Report, Regulation FD Disclosure (Jul 17, 2008)

Filed July 17, 2008For Securities:EXC

Summary

Exelon Corporation (EXC) has filed an 8-K report on July 17, 2008, to disclose its comprehensive environmental plan, titled the '2020 Low Carbon Roadmap'. This initiative outlines a broad strategy to reduce greenhouse gas emissions across Exelon's operations and for its customers and communities. The plan focuses on increasing the availability of low-carbon electricity through investments in nuclear uprates, natural-gas plants, and renewable generation. Key financial implications include an estimated expenditure exceeding $10 billion through 2020 for implementing these environmental initiatives. The majority of this cost, 80-85%, is allocated to expanding low-carbon electricity offerings, while the remaining 15-20% targets direct emission reductions and customer emission offsets. Importantly, these estimates do not encompass the potential cost of building a new nuclear plant, and actual spending will be contingent on future economic and policy developments.

Key Highlights

  • 1Exelon announced its "2020 Low Carbon Roadmap," a comprehensive environmental plan to reduce greenhouse gas emissions.
  • 2The plan details enterprise-wide initiatives affecting Exelon, its customers, communities, and markets.
  • 3Estimated costs for implementing the plan are in excess of $10 billion through 2020.
  • 480-85% of the estimated cost is dedicated to providing more low-carbon electricity options (nuclear uprates, natural gas, renewables).
  • 515-20% of the cost is for reducing Exelon's own GHG emissions and helping customers reduce theirs.
  • 6The cost estimate does not include potential investments in a new nuclear plant.
  • 7Actual expenditures are subject to economic and policy developments and will be made on a project-by-project basis.

Frequently Asked Questions

The main purpose is to outline a comprehensive, enterprise-wide strategy to significantly reduce greenhouse gas emissions from Exelon's operations, as well as from its customers, communities, and the markets it serves, by the year 2020.

Exelon estimates that the cost to implement the greenhouse gas abatement initiatives outlined in the plan will exceed $10 billion through 2020. This figure represents a substantial investment in environmental sustainability.

The majority of the estimated cost (approximately 80-85%) will be directed towards initiatives that offer more low-carbon electricity to the marketplace, such as nuclear uprates, natural-gas plants, and renewable generation. The remaining 15-20% will focus on reducing Exelon's direct greenhouse gas emissions and assisting customers in reducing theirs.

No, the estimated costs of over $10 billion do not include the potential cost of building a new nuclear plant. This remains a separate consideration with its own potential capital requirements.