Exelon is Strongly Committed to the Future of Nuclear Energy

Report this week by the Brattle Group underscores nuclear energy’s
critical importance to achieving a clean energy future

CHICAGO–(BUSINESS WIRE)–In response to media coverage of remarks made at the U.S. Energy
Association's annual meeting in Washington last week, Exelon today
clarified the company is fully committed to and investing in advancing
the future of nuclear energy.

“We are unequivocally committed to a strong and successful future for
nuclear energy, including advancing and investing in new technology
while tirelessly promoting sound energy policies and critically needed
market reforms,” said Chris Crane, Exelon president and CEO.

As the nation’s largest nuclear energy operator, Exelon is working to
promote federal, regional and state policy reforms that appropriately
value zero-emission nuclear power for its many environmental, economic,
resiliency and national security benefits.

According to a recent report by The Brattle Group, the expected closures
of four nuclear power plants in Ohio and Pennsylvania would increase
carbon emissions by more than 20 million metric tons, essentially wiping
out the environmental benefits of all the wind and solar built in the
PJM region over the past 25 years.

Despite Exelon’s strong belief in nuclear energy, it is clear that new,
large-scale nuclear plants are not viable in today’s U.S. competitive
markets, where even existing nuclear plants are challenged due to the
failure of these markets to value resiliency and environmental
externalities.

With needed reforms, however, Exelon sees tremendous promise in advanced
nuclear technologies, including small modular reactors that can be built
on a shorter capital cycle, and Exelon is partnering with a variety of
companies to pursue these innovative technologies. Exelon also continues
to promote advanced nuclear reactor designs and advance international
nuclear growth opportunities. In addition, Exelon has invested millions
in predictive technologies and innovations and power uprates.

“Exelon is fully engaged in preserving our nation’s existing nuclear
fleet and advancing the nuclear technologies of tomorrow,” said Crane.
“We can’t imagine a clean energy future without zero-emission nuclear
energy. But we also have to be honest with ourselves about the need for
changes to markets and energy policy to value resilience and
environmental attributes in a technology neutral way. If we do that,
then nuclear energy will easily find its place along with renewable
energy and next-generation storage in America’s future energy mix.”

About Exelon Corporation

Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company with the
largest number of utility customers in the U.S. Exelon does business in
48 states, the District of Columbia and Canada and had 2017 revenue of
$33.5 billion. Exelon’s six utilities deliver electricity and natural
gas to approximately 10 million customers in Delaware, the District of
Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its
Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco
subsidiaries. Exelon is one of the largest competitive U.S. power
generators, with more than 35,168 megawatts of nuclear, gas, wind, solar
and hydroelectric generating capacity comprising one of the nation’s
cleanest and lowest-cost power generation fleets. The company’s
Constellation business unit provides energy products and services to
approximately 2 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100. Follow
Exelon on Twitter @Exelon.

Contacts

Exelon Corporation
David Tillman
Nuclear Communications
610-765-6975