State of Maryland Conowingo Dam RFI Announcement

July 7, 2016 – Governor Larry Hogan and officials in the state of Maryland have informed Exelon of their intent to conduct a Request for Information, or RFI, to accelerate restoration of the Chesapeake Bay by identifying cost-effective dredging solutions, including the beneficial or innovative uses for the sediments and associated nutrients behind Conowingo Dam.

Exelon was asked and has agreed to participate in the work group assigned to conduct the RFI process, which includes reviewing the RFI, evaluating RFI responses as well as possibly issuing a Request for Proposals (RFP). As the Federal Energy Regulatory Commission licensee for the Conowingo Dam, Exelon has knowledge and experience with these issues that can assist the work group.

Exelon remains concerned about the significant cost of dredging and whether dredging will provide a cost effective tool to provide long term benefits to the Chesapeake Bay ecosystem.

We believe sediment deposition and the health of the Bay is a multi-stakeholder, multi-state issue, and we will continue to work with key stakeholders to ensure the Lower Susquehanna River retains its important environmental and recreational benefits. We will remain engaged with stakeholders, including the RFI working group, to protect the vitality of the Bay.

About Exelon

Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company with the largest number of utility customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2015 revenue of $34.5 billion. Exelon’s six utilities deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 32,700 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Follow Exelon on Twitter @Exelon.

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