New generation unit to provide 800 MW of power to New England

KENNETT SQUARE, Pa., July 31, 2003 — Exelon Generation announced Thursday that Fore River Generating Station located in Weymouth, Mass. has begun commercial operations. Fore River is an 800-megawatt natural gas combined cycle unit.

The recently constructed Fore River Station utilizes state-of-the-art technology and is among the cleanest facilities of its kind in the country.

This facility will add an additional supply of reliable, environmentally efficient electric generating capacity to New England.

Fore River Generating Station has two combined cycle gas turbines and one steam turbine. All three units are able to run on oil or natural gas.

“The additional megawatts this unit will provide to the New England area will help insure reliability throughout the region,” said Mark Schiavoni, vice president, Exelon Power Northeast Operations.

Fore River Station dispatches power to the Independent System Operator of New England (ISO-NE) to support power needs in the New England region.

Exelon Generation completed the acquisition of Sithe New England in late 2002. Exelon Generation owns or has interest in more than 4,400 megawatts at New Boston Generating Station, South Boston, Mass.; Mystic Generating Station, Everett, Mass.; Fore River Generating Station, Weymouth, Mass.; Framingham Generating Station, Framingham, Mass.; West Medway Generating Station, West Medway, Mass.; and Wyman Generating Station, Yarmouth, Maine.

Exelon Generation’s New England power generating facilities are operated by Exelon New England Holdings, a unit of Exelon Generation.

Exelon Generation Company, LLC, a subsidiary of Exelon Corporation (NYSE: EXC – News), headquartered in Chicago, is one of the largest competitive electric generation companies in the United States, as measured by owned and controlled megawatts. Exelon Corporation is one of the nation’s largest electric utilities with approximately five million customers and more than $15 billion in annual revenues.

The company has one of the industry’s largest portfolios of electricity generation capacity at 43,000 megawatts, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic. Exelon distributes electricity to approximately five million customers in Illinois and Pennsylvania and gas to 444,000 customers in the Philadelphia area. The company also has holdings in such competitive businesses as energy, infrastructure services and energy services. Exelon trades on the NYSE under the ticker EXC.

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