PECO Energy, Exelon applaud Gamesa decision to base U.S. operations in Philadelphia

PHILADELPHIA, September 24, 2004 (PRNewswire-FirstCall) — PECO Energy and its parent, Exelon Corporation, applaud Gamesa Corporation for its decision to base its East Coast development office and U.S. headquarters in Philadelphia, as announced today by Pennsylvania Gov. Ed Rendell. Based in Spain, Gamesa manufactures wind energy components and develops wind farms.

PECO President Denis O’Brien said Gamesa’s decision will expand the availability of renewable energy in the MidAtlantic marketplace and indicates the growing viability of wind as an energy choice for consumers. “PECO and Exelon have believed in renewable energy for several years, and we fully support efforts to bring more renewable construction to the state. Having one of the world’s industry leaders invest locally is wonderful news for our region,” O’Brien said.

In May, PECO became Pennsylvania’s first utility to offer a wind energy product. Through its marketing partner Community Energy Inc., PECO WIND is offered in 100 kilowatt hour (kwh) blocks for an additional $2.50 monthly fee. A consumer who buys wind energy supports an environmentally friendly power generation source, and already several thousand residential customers in the region purchase PECO WIND, as well as prominent local businesses and institutions.

Exelon is the largest wholesale marketer of wind power east of the Mississippi with about 160 megawatts (mw) of wind power and a total of 355 mw of renewable energy under contract. Exelon has long-term power purchase agreements for the energy produced at four wind farms – three in Pennsylvania (Somerset, Fayette and Wayne counties) and one in West Virginia. Complementing Exelon’s wind agreements, Exelon Generation owns and operates a Bucks County landfill gas facility, an environmentally friendly form of power generation that utilizes landfill gas to generate electricity.

Based in Philadelphia, PECO Energy is an electric and natural gas utility subsidiary of Exelon Corporation. PECO serves 1.5 million electric and 460,000 natural gas customers in southeastern Pennsylvania. In 2003, its sales exceeded 36,753 gigawatt hours (gWh) of electricity and 92.3 billion cubic feet of natural gas to residential, business and institutional customers. PECO’s energy delivery services generated $4.38 billion in revenue for Exelon. PECO is one of the largest employers and most active corporate citizens in the Greater Philadelphia Region.

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