July 16, 2008

Exelon GHG Reduction Plan Could Cost $10 Billion+

Exelon Corp. unveiled an environmental plan, Exelon 2020: A Low-Carbon Roadmap, that maps out the corporate-wide approach and initiatives Exelon is pursing to offset or displace more than 15 million metric tons of greenhouse gas emissions annually by 2020.

The company estimates that the greenhouse gas abatement initiatives described in the plan will cost $10 billion. “Construction of a new nuclear plant would only increase that estimate.”

Exelon also plans to offer more low-carbon electricity in the marketplace by expanding the capacity of its existing low-carbon generation fleet and introducing new low-carbon capacity.

Some of Exelon 2020’s programs include:
1. Twenty-five percent reduction in energy consumption across the company’s buildings.
2. Engaging suppliers on environmental initiative and voluntary disclosures of their greenhouse gas emissions and energy consumption.
3. Implementing a $250 million, three-year energy efficiency plan by ComEd and the Illinois Department of Commerce and Economic Opportunity. The program will target residential and commercial energy savings through more efficient lighting, heating and cooling, appliance recycling, weatherization and energy audits.
4. Expansion of green product and service offerings to wholesale and retail customers.
5. Developing a 600-megawatt combined-cycle natural gas power plant in Pennsylvanian that will displace higher-emitting generation.
6. Growing the company’s portfolio of solar, wind, biomass and landfill-gas generation.

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