2012 10K - Exelon Corporation

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Name Age Position Period Pacilio, Michael J. President, Exelon Nuclear; Senior Vice President and Chief Nuclear 2010 - Present 52 Officer, Generation Chief Operating Officer, Exelon Nuclear 2007 - 2010 DeGregorio, Ronald 50 Senior Vice President, Generation; President, Exelon Power 2012 - Present Chief Integration Officer, Exelon 2011 - 2012 Chief Operating Officer, Exelon Transmission Company 2010 - 2011 Senior Vice President, Mid-Atlantic Operations, Exelon Nuclear 2007 - 2010 Wright, Bryan P. 46 Senior Vice President and Chief Financial Officer, Generation 2013 - Present Senior Vice President, Corporate Finance, Exelon 2012 - 2013 Chief Accounting Officer, Constellation Energy 2009 - 2012 Vice President and Controller, Constellation Energy 2008 - 2012 Vice President and Controller, Constellation Energy Resources 2007 - 2008 Aiken, Robert 46 Vice President and Controller, Generation 2012 - Present Executive Director and Assistant Controller, Constellation 2011 - 2012 Executive Director of Operational Accounting, Constellation Energy Commodities Group 2009 - 2011 Vice President of International Accounting, Constellation Energy Commodities Group 2007 - 2009 ComEd Name Age Position Period Pramaggiore, Anne R. 54 Chief Executive Officer, ComEd 2012 - Present President, ComEd 2009 - Present Chief Operating Officer, ComEd 2009 - 2012 Executive Vice President, Customer Operations, Regulatory and External 2007 - 2009 Donnelly, Terence R. Affairs, ComEd 52 Executive Vice President and Chief Operating Officer, ComEd 2012 - Present Executive Vice President, Operations, ComEd 2009 - 2012 Senior Vice President, Transmission and Distribution, ComEd 2007 - 2009 Trpik Jr., Joseph R. 43 Senior Vice President, Chief Financial Officer and Treasurer, ComEd 2009 - Present Vice President & Assistant Corporate Controller, Exelon Business Services Company 2007 - 2009 Vice President and Assistant Corporate Controller, Exelon 2004 - 2009 Jensen, Val 57 Senior Vice President, Customer Operations, ComEd 2012 - Present Vice President, Marketing and Environmental Programs, ComEd 2008 - 2012 Senior Vice President, ICF International 2006 - 2008 36
Name Age Position Period O’Neill, Thomas S. 50 Senior Vice President, Regulatory and Energy Policy and General 2010 - Present Counsel, ComEd Senior Vice President, Exelon 2009 - 2010 Senior Vice President, New Business Development, Generation; Senior Vice President, New Business Development, Exelon 2009 - 2009 Vice President, New Plant Development, Generation 2007 - 2009 Marquez Jr., Fidel 51 Senior Vice President, Governmental and External Affairs, Exelon 2012 - Present Senior Vice President, Customer Operations, ComEd 2009 - 2012 Vice President of External Affairs and Large Customer Services, ComEd 2007 - 2009 Brookins, Kevin B. 51 Senior Vice President, Strategy & Administration, ComEd 2012 - Present Vice President, Operational Strategy and Business Intelligence, ComEd 2010 - 2012 Vice President, Distribution System Operations, ComEd 2008 - 2010 Vice President, Work Management and New Business 2007 - 2008 Anthony, J. Tyler 48 Senior Vice President, Distribution Operations, ComEd 2010 - Present Vice President, Transmission and Substations, ComEd 2007 - 2010 Waden, Kevin J. 41 Vice President, Comptroller, Accountant and Controller, ComEd 2009 - Present Director of Accounting Operations, ComEd 2007 - 2009 PECO Name Age Position Period Adams, Craig L. 60 President and Chief Executive Officer, PECO 2012 - Present Senior Vice President and Chief Operating Officer, PECO 2007 - 2012 Barnett, Phillip S. 49 Senior Vice President and Chief Financial Officer, PECO 2007 - Present Treasurer, PECO 2012 - Present Innocenzo, Michael A. 47 Senior Vice President, Operations, PECO 2012 - Present 2010 - 2012 Vice President, Distribution System Operations and Smart Grid/Smart Meter, PECO Vice President, Distribution System Operations 2007 - 2010 Webster Jr., Richard G. 51 Vice President, Regulatory Policy and Strategy, PECO 2012 - Present Director of Rates and Regulatory Affairs 2007 - 2012 Murphy, Elizabeth A. 53 Vice President, Governmental and External Affairs, PECO 2012 - Present Director, Governmental & External Affairs, PECO 2007 - 2012 Alden, Mark F. 52 Vice President, Customer Operations, PECO 2009 - Present Vice President Gas, PECO 2007 - 2009 37
Page 1 and 2: UNITED STATES SECURITIES AND EXCHAN
Page 3 and 4: Exelon Generation Company, LLC and
Page 5 and 6: Page No. ITEM 7A. QUANTITATIVE AND
Page 7 and 8: GLOSSARY OF TERMS AND ABBREVIATIONS
Page 9 and 10: Other Terms and Abbreviations LTIP
Page 11 and 12: FILING FORMAT This combined Annual
Page 13 and 14: including the City of Baltimore, as
Page 15 and 16: following the merger completion. In
Page 17 and 18: egulations by the NRC may require a
Page 19 and 20: of new merchant nuclear power plant
Page 21 and 22: y third parties. In 2012 and 2011,
Page 23 and 24: the type of underlying asset. Gener
Page 25 and 26: ComEd ComEd is engaged principally
Page 27 and 28: due to weather events or conditions
Page 29 and 30: Smart Meter, Smart Grid and Energy
Page 31 and 32: BGE’s highest peak load occurred
Page 33 and 34: • a liquefied natural gas facilit
Page 35 and 36: Environmental Regulation General Ex
Page 37 and 38: attributable to low level radioacti
Page 39 and 40: hydro and pumped storage, and suppl
Page 41: Name Age Position Period Pramaggior
Page 45 and 46: ITEM 1A. RISK FACTORS Each of the R
Page 47 and 48: under their obligations for operati
Page 49 and 50: ComEd’s financial swap contract w
Page 51 and 52: 1999 sale of fossil generating asse
Page 53 and 54: lived assets for potential impairme
Page 55 and 56: were weather and the economy. With
Page 57 and 58: Generation’s affiliation with Com
Page 59 and 60: Federal and state legislation manda
Page 61 and 62: Generation may be negatively affect
Page 63 and 64: the Registrants face a risk that th
Page 65 and 66: of funds necessary for decommission
Page 67 and 68: with most companies in today’s en
Page 69 and 70: ITEM 2. PROPERTIES Generation The f
Page 71 and 72: Primary Net Station Region Location
Page 73 and 74: Transmission and Distribution PECO
Page 75 and 76: (Dollars in millions except per sha
Page 77 and 78: PECO As of January 31, 2013, there
Page 79 and 80: ITEM 6. SELECTED FINANCIAL DATA Exe
Page 81 and 82: December 31, (In millions) 2012 201
Page 83 and 84: Item 7. MANAGEMENT’S DISCUSSION A
Page 85 and 86: purchased power and fuel expense in
Page 87 and 88: units and compensation for operatin
Page 89 and 90: (2) the rate of expansion of subsid
Page 91 and 92: Hedging Strategy Exelon’s policy
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number of factors, including RTO re
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On December 16, 2011, the U.S. EPA
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In April 2011, the NRC named six se
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FERC Ameren Order. In July 2012, FE
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decommissioning. Probabilities assi
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guidance, which became effective Ja
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Impairment may occur when the carry
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changes or experience different fro
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Sensitivity to Changes in Key Assum
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The Registrants account for derivat
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Interest Rate Derivative Instrument
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upon actual costs incurred and inve
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Net Income Year Ended December 31,
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Generation’s supply sources by re
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decreased realized margins in 2011
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Year Ended December 31, 2011 Compar
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ecorded in 2012, a $36 million barg
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Electric revenues and purchased pow
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Volume—delivery Revenues net of p
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Operating and Maintenance Expense Y
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Other, Net The changes in other, ne
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Operating Revenues Net of Purchased
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The changes in PECO’s operating r
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The changes in operating and mainte
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year ended December 31, 2011 includ
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Results of Operations—BGE 2012 20
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Volume. Heating and cooling degree
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Other Other revenues increased duri
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BGE Electric Operating Statistics a
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The Registrants primarily use their
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Cash flows provided by operations f
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(e) The projected capital expenditu
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Company Issuances of long-term debt
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From time to time and as market con
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Other Credit Matters Capital Struct
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Contractual Obligations The followi
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ComEd Total 2013 Payment due within
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• variable interest entities, see
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ComEd The financial swap contract b
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Generation ComEd PECO Intercompany
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Credit Risk, Collateral, and Contin
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PECO’s supplier master agreements
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PECO As of December 31, 2012, PECO
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ITEM 7. MANAGEMENT’S DISCUSSION A
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ITEM 8. FINANCIAL STATEMENTS AND SU
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Management’s Report on Internal C
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Management’s Report on Internal C
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Report of Independent Registered Pu
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Report of Independent Registered Pu
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Exelon Corporation and Subsidiary C
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Exelon Generation Company, LLC and
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Commonwealth Edison Company and Sub
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(In millions) Commonwealth Edison C
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PECO Energy Company and Subsidiary
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BALTIMORE GAS AND ELECTRIC COMPANY
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BALTIMORE GAS AND ELECTRIC COMPANY
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(In millions) BALTIMORE GAS AND ELE
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Combined Notes to Consolidated Fina
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Formula Rate Tariff Combined Notes
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4. Merger and Acquisitions Combined
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For the Year Ended December 31, 201
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For the Year Ended December 31, 201
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BGE Combined Notes to Consolidated
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Year Ended December 31, 2011 (As Re
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Generation Combined Notes to Consol
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Other Tax Matters Combined Notes to
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Components of AOCI and Regulatory A
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Contributions Combined Notes to Con
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Eddystone Station and Cromby Statio
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Other Purchase Obligations Combined
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Solid and Hazardous Waste Combined
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Accumulated Other Comprehensive Inc
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ITEM 9. CHANGES IN AND DISAGREEMENT
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PART III Exelon Generation Company,
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ITEM 12. SECURITY OWNERSHIP OF CERT
Page 439 and 440:
ITEM 14. PRINCIPAL ACCOUNTING FEES
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1. Basis of Presentation Exelon Cor
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5. Related Party Transactions Exelo
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Baltimore Gas and Electric Company
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Exhibit No. Description 2-13 Contri
Page 461 and 462:
Exhibit No. Description 4-2 Exelon
Page 463 and 464:
Exhibit No. Description 4-5 4-6 Ind
Page 465 and 466:
Exhibit No. Description 4-31 Series
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Exhibit No. Description 10-31 Amend
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Exhibit No. Description 10-57 Admin
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Exhibit No. Description 24-29 Chari
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SIGNATURES Pursuant to the requirem
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Exelon Generation Company, LLC Rati
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PECO Energy Company Ratio of Earnin
Page 483 and 484:
Exelon Corporation Subsidiary Listi
Page 485 and 486:
CLT Energy Services Group, L.L.C. P
Page 487 and 488:
Exelon AOG Holding #1, Inc. Delawar
Page 489 and 490:
Michigan Wind 1, LLC Delaware Michi
Page 491 and 492:
Exelon Generation Company, LLC Subs
Page 493 and 494:
Cogenex Corporation MA CoLa Resourc
Page 495 and 496:
Exelon New Boston, LLC DE Exelon Ne
Page 497 and 498:
Residential Solar Holding, LLC DE R
Page 499 and 500:
PECO Energy Company Subsidiary List
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CONSENT OF INDEPENDENT REGISTERED P
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POWER OF ATTORNEY Exhibit 24.2 KNOW
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POWER OF ATTORNEY Exhibit 24.10 KNO
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I, Christopher M. Crane, certify th
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I, Christopher M. Crane, certify th
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I, Anne R. Pramaggiore, certify tha
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I, Craig L. Adams, certify that: CE
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I, Kenneth W. DeFontes Jr., certify
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Certificate Pursuant to Section 135
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2012 10K - Exelon Corporation

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