Exelon Generation, a subsidiary of Exelon Corporation (NYSE: EXC), has been awarded a 10 year contract from Old Dominion Electric Cooperative (ODEC). Exelon will provide200 MWs of baseload generation capacity and energy. ODEC awarded Exelon the deal through a competitive bidding process. The long-term contract fits into Exelon's hedging program designed to manage market risks to maintain the value of their generation portfolio.
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About Exelon
Exelon Corporation is one of the nation's largest electric utilities with approximately $19 billion in annual revenues. The company has one of the industry's largest portfolios of electricity generation capacity, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic. Exelon distributes electricity to approximately 5.4 million customers in northern Illinois and southeastern Pennsylvania and natural gas to approximately 485,000 customers in the Philadelphia area. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.
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