March 8 at 2:42 p.m.
Filed under:
Energy,
Environment
By Dow Jones Newswires
John W. Rowe. (Chuck Berman/Chicago Tribune)
Natural gas will remain cheaper than other sources of electricity generation for “a long time,” Exelon Corp. Chairman and Chief Executive John W. Rowe said Tuesday.
“I have never seen a time, not once, where one fuel source seems to be so dominant for so long,” said Rowe, one of the senior utility executives in the U.S. and former head of two utility trade organizations in Washington. “The supply-demand equations for gas are very powerful and I believe they are real for a long time.”
As a result of those economics, Rowe said, the U.S. Congress should “do nothing” on energy policy and allow the market to replace aging coal generating plants with natural gas, which releases less carbon than coal when burned. Get the full story »
By Julie Wernau
Exelon CEO John Rowe saw his total compensation for 2010 rise 14 percent to $7.2 million, according to documents filed today with the Securities and Exchange Commission, an increase largely tied to a change in the theoretical value of his pension.
Rowe had the opportunity to earn stock performance awards worth $1.1 million — compensation that is directly tied to the performance of Exelon stock. But the company’s shares performed in the negative direction in 2010 and Rowe received no equity for performance.
At the same time, stock options worth $1.15 million were underwater at the end of 2010. Get the full story »
Dec. 10, 2010 at 8:12 a.m.
Filed under:
Energy,
Environment,
Green
By Emily Bryson York
Exelon Corp. has completed its acquisition of John Deere Renewables, a wind power company. In so doing, Exelon adds 735 megawatts of clean, renewable energy to the utility’s portfolio, or enough to power up to 220,000 households. Get the full story »
Nov. 16, 2010 at 1:48 p.m.
Filed under:
Energy,
Green
By Dow Jones Newswires-Wall Street Journal
Exelon Corp. said it plans to invest nearly $5 billion in clean-energy products by 2015, part of a broader plan to cut its carbon footprint.
The biggest owner of nuclear plants in the U.S. by number of reactors said it plans to begin investments this year in projects such as energy-efficiency programs, renewable-energy investments and increased output at its nuclear plants. Get the full story »
