Exelon Corporation · NASDAQ:EXC
Exelon — Barclay's 2013 CEO Energy-Power Conference
12 slides from Exelon's conference presentation, Sep 10, 2013
Slide 1: Barclay's 2013 CEO Energy-Power Conference
Exhibit 99.1 Barclay’s 2013 CEO Energy-Power Conference William A. Von Hoene Senior Executive Vice President and Chief Strategy Officer Exelon Corporation September 11, 2013
Slide 2: Cautionary Statements Regarding Forward Looking Information
Cautionary Statements Regarding Forward Looking Information This presentation contains certain 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 mat
Slide 3: Exelon Overview
Exelon Overview Exelon Generation Exelon Utilities Power Generation Constellation ComEd, PECO & BGE • One of the largest merchant • Leading competitive energy • One of the largest electric and fleets in the nation (~35 GW of provider in the U.S. gas distribution companies in capacity) • Customer-fac
Slide 4: Exelon's Diverse Portfolio Provides Options for Creating Value and Leveraging Our Core Competencies
Exelon’s Diverse Portfolio Provides Options for Creating Value and Leveraging Our Core Competencies Substantial presence across the value chain Electric & Conventional Renewable Beyond The Fuels Gas Retail Generation Generation Meter Utilities One of the largest competitive integrated energy compani
Slide 5: Challenges Facing Exelon
Challenges Facing Exelon Trends Power and Gas Prices $70 $10 • Shale gas production has increased to 24% of gas market PJM-W $60 (1) $8 NG-NYMEX • Natural gas prices fallen 54% since 2008 • Power prices have fallen 44% since 2008 $50 $6 • Low PJM capacity prices: $119/MW-Day in $40 $4 EMAAC, $59/MW-
Slide 6: Exelon's Response to These Challenges
Exelon’s Response to These Challenges In response to these challenges, we are: • Investing in ourUtilities to achieve a stable return and earnings growth • Focusing on operational excellence and cost management • Positioning our portfolio to take advantage of our belief in the market upside • Advoca
Slide 7: Investment in Utilities Provides Stable Rate Base Growth During Challenging Times
Investment in Utilities Provides Stable Rate Base Growth During Challenging Times (Rate base $ in billions) Transmission Gas Delivery Gas Delivery Distribution Electric Transmission Electric Transmission $10.3 $9.4 Electric Distribution Electric Distribution $8.5 $8.7 $2.7 $2.3 $2.1 $2.1 $5.7 $5.9 $
Slide 8: Focus on Operations and Cost Management
Focus on Operations and Cost Management Operational Excellence Cost Management • History of top quartile Nuclear • On track to obtain $305 million in operating performance: merger synergies by the end of the year. On track to meet $550 • Best ever first quarter generation output and fourth best ever
Slide 9: Manage Portfolio to Reflect Our Market View
Manage Portfolio to Reflect Our Market View Fundamental View vs. Market - 2015 Coal Fired Gen-BRA Offers(1) (GW) 67 Fundamental View NiHub Uncleared 2 65 Market NiHub Cleared $60 Fundamental View PJMW $55 Market PJMW 9 59 59 $50 5 $45 65 10 $40 56 $35 54 49 $15 1Q11 3Q11 1Q12 3Q12 1Q13 13/14 14/15 1
Slide 10: Actively Engage in Policy Discussions to Enhance Value
Actively Engage in Policy Discussions to Enhance Value Market Policy Federal Policy State Policy PJM: Subsidies: Oppose Subsidized • Engaged in Stakeholder • Leading voice against Generation: process regarding PJM extension of the • IL: Opposed Taylorsville reliance on planned Production Tax Credit
Slide 11: Pursue Growth Through Opportunistic Investments
Pursue Growth Through Opportunistic Investments • In addition to intrinsic growth, continue to pursue opportunities that create value for Exelon • Target opportunities that: • Expand our portfolio in desirable markets • Provide synergy opportunities by optimizing and streamlining operations • Types
Slide 12: Our Company and Our Value Proposition
Our Company and Our Value Proposition • We believe in clean energy and competitive markets • Our management model for fleet operations is world renowned • We have an industry leading retail and wholesale platform and portfolio management expertise • We have a proven track record of operational excel