Exelon Corporation · NASDAQ:EXC
Exelon — pres Von Hoene Nuclear Power
21 slides from Exelon's investor presentation, Oct 28, 2008
Slide 1: Nuclear Power in the Midwest: Today and Tomorrow
Nuclear Power in the Midwest: Today and Tomorrow William A. Von Hoene, Jr. Executive Vice President and General Counsel, Exelon Corporation October 28, 2008
Slide 2: Overview
Overview 9 Exelon’s nuclear holdings 9 Role of nuclear power locally, nationally and globally 9 Future of nuclear power • Need for new generation • The clean, safe and secure option • The challenges to new build 2
Slide 3: Exelon Corporation
Exelon Corporation 9 Among nation’s largest electric utilities 9 $19 billion in annual revenues 9 Businesses • Energy Generation, ComEd, PECO 9 5.2 million electric customers in IL and PA 9 460,000 gas customers in Philadelphia 9 17,500 employees 9 Owns/operates largest nuclear fleet in U.S. 3
Slide 4: Exelon Nuclear
Exelon Nuclear Limerick Quad Byron Cities Three Mile Island Oyster Creek Dresden Peach Braidwood Bottom Salem (Co- owned) LaSalle Clinton 17 units at 10 sites in three states Approx. 18,000 MW capacity owned 3rd largest nuclear fleet worldwide Two-unit station in initial development in Texas 4
Slide 5: Midwest Nuclear Plants
Midwest Nuclear Plants Region til State Capacity Illinois 11263 MWe Iowa 565 MWe Michigan 3879 MWe Minnesota 1622 MWe Ohio 2117 MWe Wisconsin 1541 MWe
Slide 6: U.S. Electricity Generation Sources
U.S. Electricity Generation Sources 6
Slide 7: Percentage of Nuclear Power Generation Worldwide
Percentage of Nuclear Power Generation Worldwide 1973 2008 7
Slide 8: Renewables: Not the Entire Answer
Renewables: Not the Entire Answer Typical Availability: 89.6% Nuclear 70.6% Coal 39.9% Natural Gas 33.0% Wind 30.2% Hydro 8
Slide 9: Nuclear Availability
Nuclear Availability 9 Uranium is abundant 9 Uranium sources in friendly nations 9 Stockpile capabilities 9
Slide 10: Nuclear Efficiency
Nuclear Efficiency = 2.5 tons = 3 Barrels = 1 ton 10
Slide 11: Future Electricity Demand
Future Electricity Demand Experts predict that more than 350,000 megawatts more generating capacity will be needed by 2030 11
Slide 12: Nuclear Power is Green
Nuclear Power is Green 9 Nuclear plants emit virtually no GHG emissions • Exelon operates nation’s largest nuclear fleet safely and reliably − Achieved average capacity factor of 94.5% in 2007, exceeding industry average of 90.4% − Displaced the need for equivalent coal-based generation o Prevented
Slide 13: The Climate Problem and Exelon 2020
The Climate Problem and Exelon 2020 9 Reduce, offset or displace more than 15 million metric tons of greenhouse gas emissions per year by 2020 • Reduce or offset Exelon’s carbon footprint • Help our customers reduce their greenhouse gas emissions • Offer more low-carbon electricity in the marketplac
Slide 14: Locations of Potential New Nuclear Plants
Locations of Potential New Nuclear Plants 14
Slide 15: Cost Uncertainties
Cost Uncertainties • Regulatory Process • Cost / Cost of Capital • Component Availabilities • Experience Base • Skill Availability 15
Slide 16: Reactor Structural Security
Reactor Structural Security Containment Vessel 1.5-inch thick steel Shield Building Wall 3 foot thick reinforced concrete Dry Well Wall 5 foot thick reinforced concrete Bio Shield 4 foot thick leaded concrete with 1.5-inch thick steel lining inside and out Reactor Vessel 4 to 8 inches thick steel Re
Slide 17: Plant Security
Plant Security 17
Slide 18: Putting Nuclear Waste in Perspective
Putting Nuclear Waste in Perspective 9 All used nuclear fuel produced at a station over 40 years, if stacked side by side, would fill a 4-car garage. 10.5 feet 48 feet 24 feet 18
Slide 19: Yucca Mountain in Nevada
Yucca Mountain in Nevada Shipping casks are removed, and the inner tube with the waste is placedina steel, mudtilayered storage container,
Slide 20: Spent Fuel Management
Spent Fuel Management 9 Inventory of SNF on hand is greater than can be stored in on-site spent fuel pools • Original design of spent fuel pools ~five years • Re-racking has extended that life to ~20 years, but no further re-racking is possible 9 Dry cask storage (Exelon began in 2000) • End of 2007
Slide 21: Exelon nuclear plant locations
Braidwood, IL LaSalle, IL Byron, IL Dresden, IL Three Mile Island, PA Quad Cities, IL Clinton, IL Oyster Creek, NJ Peach Bottom, PA Limerick, PA 21