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.