Exelon Corporation is a public utility headquartered in Chicago , and incorporated in Pennsylvania . Exelon is the largest electric parent company in the United States by revenue and is the largest regulated electric utility in the United States with approximately 10 million customers. The company is ranked 99th on the Fortune 500 .
28-481: Exelon owns six regulated utilities: Atlantic City Electric ( New Jersey ), Commonwealth Edison ( Illinois ), PECO Energy Company ( Pennsylvania ), Baltimore Gas and Electric ( Maryland ), Delmarva Power and Light ( Delaware and Maryland ), and Pepco ( Washington, DC and Maryland ). Exelon Corporation was created in October 2000 by the merger between PECO Energy Company, formed in 1902, and Unicom Corporation,
56-953: A $ 65,000 fine against Exelon for permitting its contracted security guards that were guarding its Peach Bottom Nuclear Generating Station , a two-reactor nuclear plant located in Delta, Pennsylvania, to sleep on the job. The incidents did not come to light until a videotape of the security guards was leaked to news media. As a result, Exelon terminated the security contract of the Wackenhut security firm that had been involved and now operates its own in-house nuclear security force. Exelon makes political contributions via its political action committee (PAC), EXELONPAC. In 2021 and 2022, it contributed $ 323,500 to federal candidates, including $ 202,500 to Democrats and $ 121,000 to Republicans . In 2022, it spent $ 2,878,000 on lobbying . Peach Bottom Nuclear Generating Station The Peach Bottom Atomic Power Station
84-815: A $ 65,000 fine against Exelon for permitting its contracted security guards that were guarding its Peach Bottom Nuclear Generating Station , a two-reactor nuclear plant located in Delta, Pennsylvania, to sleep on the job. The incidents did not come to light until a videotape of the security guards was leaked to news media. As a result, Exelon terminated the security contract of the Wackenhut security firm that had been involved and now operates its own in-house nuclear security force. Exelon makes political contributions via its political action committee (PAC), EXELONPAC. In 2021 and 2022, it contributed $ 323,500 to federal candidates, including $ 202,500 to Democrats and $ 121,000 to Republicans . In 2022, it spent $ 2,878,000 on lobbying . Atlantic City Electric Exelon Corporation
112-518: A campaign to pressure PECO to expand the solar power it purchases, and to purchase it locally to create jobs. In 2005, Exelon was required to pay a $ 602,000 fine for exceeding the permitted sulfur dioxide emission limit from April to October 2004 at its Cromby Generating Station in Chester County, Pennsylvania . Exelon and Illinois state officials waited for four years until 2006 before disclosing that Exelon's Braidwood Nuclear Generating Station ,
140-615: A culture characterized by low morale and apathy prevailed. By April 1988, this emphasis on mismanagement contributed to the President of PECO resigning as well as to the retirement of the CEO. Robert P. Crosby became the primary Organization Development influence during the PECO Nuclear turnaround following the Peach Bottom shut down. He used The Interpersonal Gap model by John L. Wallen along with
168-485: A nuclear plant 60 miles southwest of Chicago, had spilled millions of gallons of water containing tritium , a radioactive form of hydrogen, multiple times over a decade. Exelon officials eventually apologized and said the risks from the leak were "minimal", with tritium levels in surrounding wells all found to be below regulatory limits. In 2009, the Nuclear Regulatory Commission announced its plan for
196-412: A nuclear plant 60 miles southwest of Chicago, had spilled millions of gallons of water containing tritium , a radioactive form of hydrogen, multiple times over a decade. Exelon officials eventually apologized and said the risks from the leak were "minimal", with tritium levels in surrounding wells all found to be below regulatory limits. In 2009, the Nuclear Regulatory Commission announced its plan for
224-419: A unique T-group method known as Conflict Management (and later as Tough Stuff in other business applications) to speed culture change, and applied his own version of Daryl Conner's Sponsor Agent Target model to improving and shortening outage management. By 1996, both Limerick and Peach Bottom were designated excellent by INPO, and given strong Systematic Assessment of Licensee Performance (SALP) ratings by
252-803: A year earlier. Peach Bottom Unit 1 was an experimental helium -cooled, graphite -moderated reactor. It operated from 1966 to 1974. Peach Bottom 2 and 3, General Electric boiling water reactors , went on-line in 1974, and are still in operation on the 620-acre (2.5 km ) site today. Both Units 2 and 3, originally rated at 3,514 megawatts thermal (MW th ), equivalent to about 1,180 megawatts of electricity (MW e ) each, were uprated to 4,016 megawatts thermal (MW th ), equivalent to about 1,382 megawatts net of electricity (MW e ) each in 2018. Units 2 and 3 were originally licensed to operate until 2013 and 2014, respectively. Their licenses were extended until 2033 and 2034 and then, in 2020 they were extended to 2053 and 2054. Peach Bottom
280-854: Is a public utility headquartered in Chicago , and incorporated in Pennsylvania . Exelon is the largest electric parent company in the United States by revenue and is the largest regulated electric utility in the United States with approximately 10 million customers. The company is ranked 99th on the Fortune 500 . Exelon owns six regulated utilities: Atlantic City Electric ( New Jersey ), Commonwealth Edison ( Illinois ), PECO Energy Company ( Pennsylvania ), Baltimore Gas and Electric ( Maryland ), Delmarva Power and Light ( Delaware and Maryland ), and Pepco ( Washington, DC and Maryland ). Exelon Corporation
308-714: Is an American nuclear power plant that is located 50 miles (80 km) southeast of Harrisburg in Peach Bottom Township , York County, Pennsylvania . Situated close to the Susquehanna River , it is three miles north of the Maryland border. The Philadelphia Electric Company (later "PECO") was a pioneer in the commercial nuclear industry when it ordered Peach Bottom 1 in 1958. The U.S.'s first nuclear power plant (the Shippingport Reactor ) had gone on line
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#1732855950474336-412: Is currently operated by Constellation Energy (formerly a division of PECO's parent company, Exelon , and before that it was known as Baltimore Gas and Electric (BG&E), the oldest gas utility in the country) and is jointly owned by Constellation (50%) and Public Service Enterprise Group (PSEG) Power LLC (formerly Public Service Electric and Gas) (50%). Peach Bottom was one of the plants analyzed in
364-582: The District of Columbia Public Service Commission in August 2015, though it was approved by other federal and state regulators. The companies appealed the decision. On March 23, 2016, the merger was finally approved by the District of Columbia Public Service Commission after the company made concessions and the merger was completed, making Exelon the largest regulated utility in the United States by customer count and total revenue. On February 2, 2022, Exelon completed
392-539: The Federal Energy Regulatory Commission approved the merger of Exelon and Public Service Enterprise Group , a New Jersey utility; however, after 18 months, the two companies terminated the agreement due to pressure put on the New Jersey Board of Public Utilities by public interest groups, including New Jersey Citizen Action. On March 12, 2012, Exelon acquired Constellation Energy , with
420-578: The NUREG-1150 safety analysis study. The Nuclear Regulatory Commission defines two emergency planning zones around nuclear power plants: a plume exposure pathway zone with a radius of 10 miles (16 km), concerned primarily with exposure to, and inhalation of, airborne radioactive contamination, and an ingestion pathway zone of about 50 miles (80 km), concerned primarily with ingestion of food and liquid contaminated by radioactivity. The 2010 U.S. population within 10 miles (16 km) of Peach Bottom
448-455: The corporate spin-off of Constellation Energy , its energy generation business. Constellation was the largest operator of nuclear power plants in the United States and the largest non-governmental operator of nuclear power plants in the world. It is also the largest competitive U.S. power generator with approximately 35,500 megawatts of owned capacity. It had full or majority ownership of 23 nuclear reactors in 14 nuclear power plants . In
476-589: The 1970s, activists delayed the opening of nuclear power plants by PECO Energy . In 2015, Earth Quaker Action Team began a campaign to pressure PECO to expand the solar power it purchases, and to purchase it locally to create jobs. In 2005, Exelon was required to pay a $ 602,000 fine for exceeding the permitted sulfur dioxide emission limit from April to October 2004 at its Cromby Generating Station in Chester County, Pennsylvania . Exelon and Illinois state officials waited for four years until 2006 before disclosing that Exelon's Braidwood Nuclear Generating Station ,
504-572: The NRC. In 1999, PECO Nuclear eliminated their Organization Development positions as part of cost cutting initiative. Trouble arose again in September 2007, when former employee Kerry Beal videotaped Peach Bottom security guards sleeping on the job. Beal had previously tried to notify supervisors at Wackenhut Corp. and the US Nuclear Regulatory Commission . He was eventually fired during
532-427: The United States and the largest non-governmental operator of nuclear power plants in the world. It is also the largest competitive U.S. power generator with approximately 35,500 megawatts of owned capacity. It had full or majority ownership of 23 nuclear reactors in 14 nuclear power plants . In the 1970s, activists delayed the opening of nuclear power plants by PECO Energy . In 2015, Earth Quaker Action Team began
560-406: The combined company owning more than 34 gigawatts of power generation (55% nuclear, 24% natural gas, 8% renewable including hydro, 7% oil and 6% coal). Exelon announced the proposed purchase of Pepco Holdings on April 30, 2014, for $ 6.8 billion in an all-cash transaction. The merger faced stiff opposition from community groups and D.C. Mayor Muriel Bowser . The merger was originally rejected by
588-591: The health and safety of the area. . Among the incidents cited by the NRC: security guards were overworked, one guard was found asleep on the job, 36,000 gallons of "mildly radioactive water" leaked into the Susquehanna River, PECO mislaid data on radioactive waste classification causing misclassification of a waste shipment, and a major fire occurred in the maintenance cage of the Unit 3 turbine building on March 4, 1987 . Blame
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#1732855950474616-520: The merger of Exelon and Public Service Enterprise Group , a New Jersey utility; however, after 18 months, the two companies terminated the agreement due to pressure put on the New Jersey Board of Public Utilities by public interest groups, including New Jersey Citizen Action. On March 12, 2012, Exelon acquired Constellation Energy , with the combined company owning more than 34 gigawatts of power generation (55% nuclear, 24% natural gas, 8% renewable including hydro, 7% oil and 6% coal). Exelon announced
644-444: The merger was finally approved by the District of Columbia Public Service Commission after the company made concessions and the merger was completed, making Exelon the largest regulated utility in the United States by customer count and total revenue. On February 2, 2022, Exelon completed the corporate spin-off of Constellation Energy , its energy generation business. Constellation was the largest operator of nuclear power plants in
672-451: The parent of Commonwealth Edison , formed in 1907. Unicom was based in Chicago and the city became the headquarters of the new entity. The merger was overseen by the CEO of Unicom, John Rowe, who joined the corporation in 1998 and led the newly formed Exelon until 2012, becoming the nation's longest-serving utility executive. On July 31, 2005, the Federal Energy Regulatory Commission approved
700-418: The proposed purchase of Pepco Holdings on April 30, 2014, for $ 6.8 billion in an all-cash transaction. The merger faced stiff opposition from community groups and D.C. Mayor Muriel Bowser . The merger was originally rejected by the District of Columbia Public Service Commission in August 2015, though it was approved by other federal and state regulators. The companies appealed the decision. On March 23, 2016,
728-594: Was 46,536, an increase of 7.2 percent in a decade, according to an analysis of U.S. Census data for msnbc.com. The 2010 U.S. population within 50 miles (80 km) was 5,526,343, an increase of 10.6 percent since 2000. Cities within 50 miles include Baltimore (36 miles to city center). Cities within 50 miles: In 1987, PECO was ordered by the Nuclear Regulatory Commission (NRC) to indefinitely shutdown Peach Bottom-2 and -3 on March 31 due to operator misconduct, corporate malfeasance, and blatant disregard for
756-464: Was created in October 2000 by the merger between PECO Energy Company, formed in 1902, and Unicom Corporation, the parent of Commonwealth Edison , formed in 1907. Unicom was based in Chicago and the city became the headquarters of the new entity. The merger was overseen by the CEO of Unicom, John Rowe, who joined the corporation in 1998 and led the newly formed Exelon until 2012, becoming the nation's longest-serving utility executive. On July 31, 2005,
784-459: Was not simply placed on the operators. "Latent organizational weakness" was targeted by industry experts and regulators alike. INPO President Zack Pate came to the conclusion that "Major changes in the corporate culture at PECO are required." In September 1988, NRC Chairman Lando Zech told senior management officials of PECO, "Your operators certainly made mistakes, no question about that. Your corporate management problems are just as serious." Clearly,
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