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* studies milwaukee brewers ComEd Energy baseball tickets indicates Procurement: On January 7, 2009, the Illinois Commerce Commissionapproved the Illinois Power Agency`s plan for procurement of ComEd`s expectedenergy requirements from June 2009 through May 2010. Exelon incurred a second quarter 2009after-tax severance charge of approximately $24 million associated with theelimination of the 500 positions. The company expects over half of the $350million in cost savings to be sustainable. These savings areexpected to result in a nearly 3.5 percent reduction in year-over-year operatingand maintenance spending, from $4.5 billion in 2009 to $4.35 billion in 2010.The spending cuts include the elimination of approximately 500 positions, mostlyin corporate support functions. These and related changes are being driven by economic challengesconfronting all parts of Exelon`s business and industry, including the need forcontinued focus on cost management through enhanced efficiency and productivity.The company announced major spending cuts which will achieve approximately $350million in operations and maintenance expense savings in 2010. * Cost Reduction Program: On June 18, 2009, Exelon announced a reorganization ofits senior executive team and structure to reflect a leaner corporate managementmodel.
The remainder of uprate MWs will come from additional projects acrossExelon`s nuclear fleet beginning in 2010 and ending in 2017 brew crew ball . Exelon`suprate projects use proven technologies and are overseen by the NuclearRegulatory Commission brew crew t shirt . Uprate projects are already underway at a number ofExelon`s nuclear stations, which are expected to produce nearly a quarter of thenew MWs ned yost . * Nuclear Uprate Program: On June 12, 2009, Exelon announced the completion ofan approximate 38-MW increase in output at its Quad Cities plant in Illinois andlaunched a series of planned power uprates across its nuclear fleet that willgenerate between 1,300 and 1,500 MWs of additional generation capacity withineight years through equipment upgrades and efficiency improvements brewers jewelry . The primaryobjective of Exelon`s hedging program is to manage market risks and protect thevalue of its generation and its investment grade balance sheet while preservingits ability to participate in improving long-term market fundamentals.
Theproportion of expected generation hedged as of June 30, 2009 is 95-98 percentfor 2009, 87-90 percent for 2010 and 59-62 percent for 2011 brewers sausage race . Expected generation represents the amount of energy estimatedto be generated or purchased through owned or contracted-for capacity prince fielder . * Hedging Update: Exelon`s hedging program involves the hedging of commodityrisk for Exelon`s expected generation typically on a ratable basis over athree-year period dan plesac . The equivalentavailability factor for the hydroelectric facilities was 98.8 percent in thesecond quarter of 2009, compared with 94.4 percent in the second quarter of2008, primarily due to an earlier than planned annual inspection at Muddy Run inthe first quarter of 2009 and the overhaul of Conowingo Unit 2 in 2008 baseball tickets .
* Fossil and Hydro Operations: Generation`s fossil fleet commercial availabilitywas 98.6 percent in the second quarter of 2009, compared with 92.8 percent inthe second quarter of 2008, primarily reflecting the impact of recent capitalinvestments and enhanced inspection programs across the fleet brewers sausage . The number of refueling outage days totaled 57 and 40, respectively, inthe second quarter of 2009 and 2008 brew crew t shirt . Also contributing to lower total nuclearoutput was a higher number of non-refueling outage days at the Exelon-operatedplants, which totaled 21 days in the second quarter of 2009, compared to 3 daysin the second quarter of 2008 ned yost . The Exelon-operated nuclear plants achieved a93.9 percent capacity factor for the second quarter of 2009 compared with 95.8percent for the second quarter of 2008 . The Exelon-operated nuclear plantscompleted three scheduled refueling outages in the second quarter of 2009,compared with completing two scheduled refueling outages in the second quarterof 2008. ComEd and PECO will spend more than $350 millionthrough 2011 on energy efficiency and demand response programs that will helpresidential and business customers reduce their energy consumption by more than1.6 million megawatt-hours (MWhs) and reduce peak load by 226 megawatts (MWs).* Nuclear Operations: Generation`s nuclear fleet, including its owned outputfrom the Salem Generating Station operated by PSEG Nuclear LLC, produced 34,995gigawatt-hours (GWhs) in the second quarter of 2009, compared with 35,069 GWhsin the second quarter of 2008. Going forward,the company will increase its investment in customer initiatives to continueprogress toward its 2020 goal.
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