Report: Exelon Generation Company, LLC Nuclear Operational Analysis TOC

1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 9
2 Company Snapshot 10
2.1 Key Information 10
2.2 Company Overview 10
2.3 Financial Performance 10
2.4 Industry Outlook - Nuclear 10
2.5 SWOT Snapshot 11
3 Exelon Generation Company, LLC Nuclear Operational Analysis 12
3.1 Exelon Generation Company, LLC Operable Commercial Reactors 12
4 Reactor Details 14
4.1 Rector Details, Braidwood 1 14
4.2 Rector Details, Braidwood 2 16
4.3 Rector Details, Byron 1 19
4.4 Rector Details, Byron 2 21
4.5 Rector Details, Clinton 1 24
4.6 Rector Details, Dresden 2 26
4.7 Rector Details, Dresden 3 29
4.8 Rector Details, La Salle 1 31
4.9 Rector Details, La Salle 2 34
4.10 Rector Details, Limerick 1 36
4.11 Rector Details, Limerick 2 39
4.12 Rector Details, Oyster Creek 41
4.13 Rector Details, Peach Bottom 2 44
4.14 Rector Details, Peach Bottom 3 46
4.15 Rector Details, Quad Cities 1 49
4.16 Rector Details, Quad Cities 2 51
4.17 Rector Details, Three Mile Island 1 54
5 Business Description 57
5.1 Business Overview 57
5.2 Generation 57
5.2.1 Overview 57
5.2.2 Production 57
5.2.3 Financials 58
5.2.4 Capital Expenditure 58
5.2.5 Key Strategies 58
5.3 Major Products and Services 58
5.3.1 Overview 58
6 History 59
7 Business Strategy 60
7.1 Mission Statement 60
7.2 Strategy 60
7.3 Corporate Social Responsibility 60
7.3.1 Overview 60
7.3.2 Specific CSR Initiatives 61
8 Value Chain Analysis 62
8.1 Power Generation 62
8.1.1 Overview 62
8.1.2 Financials, Production and Major Projects 62
8.2 Distribution 63
8.2.1 Overview 63
9 SWOT Analysis 64
9.1 Overview 64
9.2 Exelon Generation Company, LLC Strengths 64
9.2.1 Diversified Generating Capacity 64
9.2.2 Strong Nuclear Power Generation Capacity 64
9.2.3 Strong Financial Performance 65
9.3 Exelon Generation Company, LLC Weaknesses 65
9.3.1 No Proper Nuclear Disposal System 65
9.3.2 Limited Geographic Presence 65
9.4 Exelon Generation Company, LLC Opportunities 65
9.4.1 Other Renewable Energy Sources 65
9.4.2 New Markets 65
9.5 Exelon Generation Company, LLC Threats 66
9.5.1 Government Regulations 66
9.5.2 Nuclear Accident Risk 66
9.5.3 Increasing Raw Material Prices 66
10 Competitors 67
11 Revenue Analysis 68
11.1 Revenue by Segment 68
12 Financial and Operational Review 69
12.1 Financial Statements 69
12.2 Financial Ratios 70
13 Operational Indicators 71
14 Key Employees 72
15 Key Employee Biographies 73
16 Company Statement 75
17 Locations And Subsidiaries 77
17.1 Head Office 77
17.2 Other Locations & Subsidiaries 77
18 Financial Deals Landscape 78
18.1 Exelon Generation Company, LLC, Deals Volume Summary, 2004 to YTD 2009 78
18.2 Exelon Generation Company, LLC Detailed Deal Summary 79
18.2.1 Asset Purchase 79
18.2.2 Acquisition 80
18.2.3 Private Equity 81
18.2.4 Partnerships 82
19 Recent Developments 84
19.1 New Contracts 84
19.1.1 Jun 18, 2008: Alstom Wins Orders From CGNPC And Exelon Nuclear Power Plants 84
19.1.2 Apr 29, 2008: TransWare Receives Contract From Exelon For Byron Dry Cask Storage 85
19.1.3 Dec 11, 2007: GEH Wins Order From Exelon For Nuclear Reactors 85
19.2 Operations Updates 85
19.2.1 Jan 02, 2009: Exelon' s 1,043 MW Clinton Nuclear Power Station Increases To 96% Power 85
19.2.2 Dec 31, 2008: Exelon' s 1,178 MW Unit 2 At Braidwood Nuclear Power Station Operates At Full Power 86
19.2.3 Dec 30, 2008: Exelon' s 1,178 MW Unit 2 At Braidwood Nuclear Power Station Operates At 63% Capacity 86
19.2.4 Dec 29, 2008: Exelon' s 1,178 MW Unit 2 At Braidwood Nuclear Power Station Operates At 7% Capacity 86
19.2.5 Dec 23, 2008: Exelon' s 867 MW Unit 2 At Quad Cities Nuclear Power Station Increases Up To 96% Power 86
19.2.6 Dec 22, 2008: Exelon' s 867 MW Unit 2 At Quad Cities Nuclear Power Station Increases Up To 26% Power 87
19.2.7 Dec 15, 2008: Exelon Shuts Its 867 MW Unit 2 At Quad Cities Nuclear Power Station In Illinois 87
19.2.8 Dec 08, 2008: Exelon' s 619 MW Oyster Creek Nuclear Power Station Exits Outage And Returns To Full Power 87
19.2.9 Dec 01, 2008: Exelon Shuts Its 619 MW Oyster Creek Nuclear Power Station In New Jersey 88
19.2.10 Nov 20, 2008: Exelon' s 867 MW Unit 3 At Dresden Nuclear Power Station Exit Refueling Outage And Increases Up To 3% Power 88
19.2.11 Nov 20, 2008: Exelon' s 619 MW Oyster Creek Nuclear Power Station Increases Up To 64% Power 89
19.2.12 Nov 19, 2008: Exelon' s 619 MW Oyster Creek Nuclear Power Station Exits Refueling Outage And Increases Up To 23% Power 89
19.2.13 Nov 04, 2008: Exelon' s 867 MW Unit 1 At Quad Cities Nuclear Power Station Increases Up To 83% Power 90
19.2.14 Nov 03, 2008: Exelon Shuts Its 867 MW Unit 3 At Dresden Nuclear Power Station In Illinois 90
19.2.15 Nov 03, 2008: Exelon' s 867 MW Unit 1 At Quad Cities Nuclear Power Station Decreases By 40% Power 91
19.2.16 Sep 15, 2008: Exelon Shuts Down Peach Bottom 2 Nuclear Power Unit In Pennsylvania For Refueling And Maintenance 91
19.2.17 Sep 08, 2008: Exelon' s Unit 2 At Dresden Nuclear Power Dips To 67% Power 91
19.2.18 Aug 18, 2008: Exelon' s Unit 3 At Dresden Nuclear Power Station In Illinois Ramped Up To 99%Power 91
19.2.19 Jun 10, 2008: ComEd Completes West Loop Project 92
19.3 Financial Announcements 93
19.3.1 Dec 12, 2008: PECO Declares Dividends 93
19.3.2 Jul 29, 2008: Exelon Declares Quarterly Dividend 93
19.3.3 Jul 23, 2008: Exelon Reports 2Q 2008 Results 93
19.3.4 Apr 30, 2008: PECO Declares Dividends 96
19.3.5 Apr 30, 2008: Exelon Declares Quarterly Dividend 96
19.3.6 Apr 24, 2008: Exelon Declares 1Q 2008 Results 96
19.3.7 Feb 08, 2008: PECO Declares Dividends 98
19.3.8 Jan 23, 2008: Exelon Reports Q4 2007 Results 98
19.3.9 Dec 19, 2007: Exelon Declares Quarterly Dividend 100
19.3.10 Dec 17, 2007: PECO Declares Dividends 100
19.3.11 Oct 26, 2007: Exelon Reports Q3 2007 Results 100
19.3.12 Oct 23, 2007: Exelon Declares Quarterly Dividend 102
19.3.13 Sep 17, 2007: PECO Declares Dividends 102
19.3.14 Jul 25, 2007: Exelon Reports Q2 2007 Results 103
19.3.15 Jul 24, 2007: Exelon Declares Quarterly Dividend 104
19.3.16 Jun 19, 2007: PECO Declares Dividends 105
19.3.17 Apr 25, 2007: Exelon Declares Q1 2007 Results 105
19.3.18 Feb 27, 2007: Exelon Declares Quarterly Dividend 107
19.3.19 Dec 12, 2006: Exelon Declares Quarterly Dividend 107
19.3.20 Oct 27, 2006: Exelon Declares Q3 2006 Results 107
19.3.21 Jul 31, 2006: Exelon Declares Q2 2006 Results 108
19.3.22 Jul 25, 2006: Exelon Declares Quarterly Dividend 110
19.3.23 Jun 28, 2006: Exelon Declares Quarterly Dividend 110
19.3.24 Apr 26, 2006: Exelon Reports Q1 2006 Results 110
19.3.25 Jan 25, 2006: Exelon Declares Q4 2005 Results 112
19.3.26 Jan 24, 2006: Exelon Declares Quarterly Dividend 114
19.4 Strategy and Business Planning 114
19.4.1 Jan 05, 2009: NRC Approves Three Mile Island Unit 1 License Transfer 114
19.4.2 Mar 20, 2008: EPURON Starts Construction On 3 MW Exelon-EPURON Solar Center 114
19.4.3 Dec 11, 2007: EnergySolutions Signs Agreement With Exelon On Accelerated Cleanup Of Zion Nuclear Power Station 115
19.5 Other Significant Developments 115
19.5.1 Jan 02, 2009: PECO Announces Purchase Of Wind Power For Philadelphia Headquarters 115
19.5.2 Nov 10, 2008: PECO Begins Second Round Of Bidding For Renewable Energy Credits 116
19.5.3 Oct 29, 2008: Exelon To Purchase Wind Power Generated From Twin Groves Wind Farm In Illinois 116
19.5.4 Oct 06, 2008: PECO Signs Agreement With Iberdrola For Wind Energy Credit Purchase 116
19.5.5 Sep 23, 2008: Exelon Appoints President And COO 117
19.5.6 Sep 18, 2008: La Salle Nuclear Power Station Constructs Dry Cask Storage Facility 117
19.5.7 Sep 03, 2008: Exelon Submits License Application To NRC For New Nuclear Energy Plant In Texas 118
19.5.8 Jul 15, 2008: Exelon Unveils Plans To Cut Greenhouse Emissions 119
19.5.9 May 28, 2008: Exelon Announces Management Changes 120
19.5.10 May 06, 2008: PECO Announces Senior Management Changes 120
19.5.11 Apr 30, 2008: Exelon Signs PPA With Epuron For Solar Power 121
19.5.12 Feb 27, 2008: ComEd Appoints VP Of Marketing & Environmental Programs 121
19.5.13 Feb 04, 2008: ComEd Appoints VP Of State Legislative And Government Affairs 121
19.5.14 Jan 31, 2008: ComEd Appoints New Board Member 122
19.5.15 Jan 08, 2008: Exelon CFO Resigns 122
19.5.16 Nov 02, 2007: ComEd Appoints New Board Member 122
19.5.17 Sep 11, 2007: PECO Announces Management Changes 123
19.5.18 Sep 06, 2007: Exelon Announces Management Changes 123
19.5.19 May 09, 2007: Exelon Appoints New Directors To Board 123
20 Appendix 124
20.1 Methodology 124
20.2 About Global Markets Direct 124
20.3 Contact Us 124
20.4 Disclaimer 124

1.1 List of Tables
Table 1: Exelon Generation Company, LLC,Key Facts, 2007 10
Table 2: Operable Commercial Reactors 13
Table 3: Reactor Details, Braidwood 1 14
Table 4: Reactor Details, Braidwood 2 16
Table 5: Reactor Details, Byron 1 19
Table 6: Reactor Details, Byron 2 21
Table 7: Reactor Details, Clinton 1 24
Table 8: Reactor Details, Dresden 2 26
Table 9: Reactor Details, Dresden 3 29
Table 10: Reactor Details, La Salle 1 31
Table 11: Reactor Details, La Salle 2 34
Table 12: Reactor Details, Limerick 1 36
Table 13: Reactor Details, Limerick 2 39
Table 14: Reactor Details, Oyster Creek 41
Table 15: Reactor Details, Peach Bottom 2 44
Table 16: Reactor Details, Peach Bottom 3 46
Table 17: Reactor Details, Quad Cities 1 49
Table 18: Reactor Details, Quad Cities 2 51
Table 19: Reactor Details, Three Mile Island 1 54
Table 20: Exelon Generation Company, LLC, SWOT Analysis , 2007 64
Table 21: Exelon Generation Company, LLC, Revenue by Segment, USD Million, 2003-2007 68
Table 22: Exelon Generation Company, LLC, Financial Statements, USD Million, 2003-2007 69
Table 23: Exelon Generation Company, LLC, Financial Ratios, USD Million, 2003-2007 70
Table 24: Exelon Generation Company, LLC Operational Indicators, 2003-2007 71
Table 25: Exelon Generation Company, LLC, Key Employees, 2007 72
Table 26: Exelon Generation Company, LLC, Other Locations 77
Table 27: Exelon Generation Company, LLC, Subsidiaries 77
Table 28: Exelon Generation Company, LLC, Deals Summary, 2004 to YTD 2009 78
Table 29: TXU Sells Two Texas Power Plants To Exelon Generation 79
Table 30: Exelon Generation Acquires Sithe New England Holdings 80
Table 31: Reservoir Capital Acquires Stake In Sithe Energies From Exelon Generation 81
Table 32: Cameco Partners With Urenco, Westinghouse Electric, Exelon Generation, Entergy Louisiana Holdings And Claiborne Energy 82

1.2 List of Figures
Figure 1: Exelon Generation Company, LLC Capacity Distribution 12
Figure 2: Exelon Generation Company, LLC, Value Chain Analysis 62
Figure 3: Exelon Generation Company, LLC, Deals Volume Summary, 2004 to YTD 2009 78