Exelon Corporation · NASDAQ:EXC
Exelon — Merrill Lynch Global Power & Gas Leaders Conference 2005
15 slides from Exelon's conference presentation, Sep 28, 2005
Slide 1: Moving Competition Forward
John W. Rowe Chairman, President & Chief Executive Officer Merrill Lynch Global Power & Gas Leaders Conference New York City September 28, 2005 Moving Competition Forward
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are subject to risks and uncertainties. The factors that could cause actual results to differ materially from these forward-looking statem
Slide 3: Moving Earnings Forward
Moving Earnings Forward Note: See presentation appendix for reconciliation of adjusted (non-GAAP) operating EPS to GAAP EPS 7.5% Annual Growth 2001 2002 2003 2004 2005E 2006E First Half 2005 Highlights: Pension funding Sithe exit Favorable weather Strong generation margins Year-to-date Results:
Slide 4: The Illinois Restructuring Act
The Illinois Restructuring Act From integrated regulation to a regulated delivery business with a competitive generation business During the mandatory transition period, an electric utility may . . . sell, assign, lease or otherwise transfer assets to an affiliated or unaffiliated entity . . . . Art
Slide 5: Restructuring Act has succeeded for Illinois consumers
Restructuring Act has succeeded for Illinois consumers Residential customers have enjoyed $3 billion in savings Since 1997, ComEd residential electric rates have been reduced 20% and frozen through the end of 2006 through the end of 2006 through the end of 2006 through the end of 2006 through the en
Slide 6: Retail Competition
Retail Competition More than 50% of large customer load >1 MW served by retail energy suppliers 23.5% of ComEd's total load served by retail energy suppliers 18 suppliers certified by ICC Eight suppliers serving 20,000 GWH load
Slide 7: Wholesale Competition
Wholesale Competition ComEd joined PJM in 2004 PJM is the largest wholesale power market in the US - provides 160,000 MWs from 1,082 generating sources, serving 13 states and 51 million customers ComEd owns no generation Exelon Generation owns approximately 22% of the generation in Illinois 12,000 m
Slide 8: Improved Delivery Service
Improved Delivery Service ComEd has invested $3 billion in its distribution system since 2001 Nearly half of ComEd's investment has gone to address growth Another third has gone toward maintaining and upgrading existing infrastructure The result is fewer and shorter service interruptions 12/1/1998 1
Slide 9: Moving Illinois Forward
Moving Illinois Forward Summer 2004 - ICC Stakeholder Seminars Consensus develops around competitive procurement process like New Jersey's descending clock auction ICC staff report recommends competitive procurement auction to provide post transition residential service February 2005 - ComEd files P
Slide 10: Chicago Tribune editorial: The Kingfish of Illinois
Exelwn. Chicago Tribune EDITORIALS The Kingfish of Illinois ‘0 Rod Blagoevich shoved out his hand. Dieked chairman of the Minnis Com- ‘meres Commission on Wedesiy snd e- placed him with consumer advocate Martin Co- ‘hen, hea ofthe Citizens Ulity Beard. Thou co Bd Hurley had three years fin iste on t
Slide 11: Citizens' Committee
Citizens' Committee In coordination with others, help form Citizens' Committee Greg W. Baise, President and CEO, Illinois Manufacturers Association Carnice Carey, Executive Director, Cosmopolitan Chamber of Commerce Michael T. Carrigan, Secretary-Treasurer, Illinois AFL-CIO James W. Compton, Preside
Slide 12: Chicago Sun-Times Editorial, 9-16-05
Chicago Sun-Times, Editorial, 9-16-05 People certainly deserve good service at a reasonable price. But they also deserve a reliable power grid and a dependable supply of electricity. As the 1990s' power crisis in California demonstrated, a retail rate cap can fatally hurt the ability of a utility bu
Slide 13: Appendix
Exelwn. Appendix
Slide 14: GAAP Earnings to Adjusted (non-GAAP) Operating Earnings
Note: Items may not add due to rounding. Exelon Consolidated (in Millions, except EPS) GAAP Earnings to Adjusted (non-GAAP) Operating Earnings - YTD ended June 30
Slide 15: 2005/2006 Earnings Guidance
Exelon's outlook for 2005 adjusted (non-GAAP) operating earnings excludes unrealized mark-to-market adjustments from non-trading activities, income resulting from investments in synthetic fuel-producing facilities, the financial impact of the company's investment in Sithe and certain severance costs
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