Exelon’s Oliver D. Kingsley Jr., receives honor from the World Association of Nuclear Operators

CHICAGO, Oct. 20, 2003 — Exelon’s President and Chief Operating Officer Oliver D. Kingsley Jr., has received the WANO Nuclear Excellence Award — presented on Oct. 14 in Berlin.

Kingsley, the nuclear executive who engineered the turnaround of Commonwealth Edison’s nuclear fleet in the 1990s and helped pave the way for the merger that created Exelon Corp., was one of six world nuclear professionals to receive the award.

WANO presents the Nuclear Excellence award every two years to up to six individuals internationally who are widely recognized “as having made exceptional or extraordinary contributions to promoting excellence in the worldwide nuclear industry.” The award was created this year.

Based in London, WANO promotes safe and reliable operation of 429 member commercial nuclear plants in 32 countries.

“Oliver’s current role as COO enables the entire organization to learn from his basic principles of sound fundamentals, high performance standards and rigorous execution,” says Exelon Chairman and CEO John W. Rowe. “His methods of instilling excellence are by no means limited to the nuclear business.”

Kingsley’s achievements at Commonwealth Edison and Exelon were by no means the first time in his 32-year nuclear career he has taken a struggling nuclear operation and molded it into an industry leader in safety and efficiency.

Prior to arriving at Commonwealth Edison in 1997, he was largely credited with the turnaround of the Tennessee Valley Authority nuclear program, and with the success and reputation for excellence enjoyed by the program. In both cases, he emphasized a back-to-basics program involving safety, sound fundamentals, individual accountability and careful planning and execution.

In a nomination letter to WANO, Exelon Chairman and CEO John Rowe wrote, “Throughout his career, Kingsley has transformed troubled nuclear power organizations into top performing industry leaders. He has demonstrated leadership in sound fundamental nuclear operations. His record at the Southern Company, Middle South Utilities (now Entergy Corporation), the Tennessee Valley Authority, Commonwealth Edison, and now Exelon Corporation is one of continuous improvement and excellence.”

Among other honors, earlier this year Kingsley was elected as member of the prestigious National Academy of Engineering.

Kingsley is a 1966 graduate of Auburn University, where he received a Bachelor of Science degree in engineering physics with honors. He is married to Sally Y. Kingsley and has four children, and four grandchildren.

Exelon Corporation is one of the nation’s largest electric utilities with approximately 5 million customers and more than $15 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 million customers in Illinois and Pennsylvania and gas to more than 440,000 customers in the Philadelphia area. The company also has holdings in such competitive businesses as energy, infrastructure services, energy services and telecommunications. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.