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Researched by Industrial Info Resources (Sugar Land, Texas)--Exelon Corporation (NYSE:EXC) (Chicago, Illinois) is moving further into the natural gas and renewables markets as it continues to deemphasize its coal-fired and nuclear assets, as clearly indicated by the company's plans for the near term. Exelon benefited from higher distribution and transmission revenues in 2018, much of which will be reinvested in new technologies. Industrial Info is tracking $8.8 billion in active projects involving Exelon, more than $3.8 billion of which are located in the U.S. Southwest region.
Click on the image at right for a graph detailing active Exelon projects, by project type.
The company invested more than $5.5 billion in 2018 to replace aging infrastructure and improve the reliability of its generating assets. It expects to spend about $23 billion from 2019-2022 on modernizing its grid and improving its resiliency; current estimates are for more than $5.3 billion in capital spending this year, and more than $5.9 billion in 2020.
Exelon is expanding its power-generation capacity along the East Coast through both fossil-fueled and renewable energy capital projects. The company is putting the finishing touches on $200 million in gas turbine additions at its West Medway Peaking Power Station in Medway, Massachusetts. The expansion will nearly double the facility's capacity with a pair of 100-megawatt (MW) LMS100 turbines from General Electric (NYSE:GE) (Boston, Massachusetts).
According to Exelon's website, the power-generating system and support systems for the first gas-turbine unit are being commissioned, while various components of the second unit are in the final phases of construction and are being commissioned. Other major features, such as perimeter security fencing and ammonia tank enclosures, are nearing completion. For more information, see Industrial Info's project report.
Exelon also is building the $25 million Gateway Solar Power Plant in Ocean City, Maryland, which will generate 52 MW from 52,000 photovoltaic panels upon completion later this quarter. The company also is adding to its biomass-generation capacity with a $12 million steam turbine addition at the Marine Corps Logistics Base in Albany, Georgia, which will generate 8.5 MW from a Siemens SST-200 steam turbine. For more information, see Industrial Info's reports on the Gateway and Marine Corps projects.
Pepco, an Exelon subsidiary that services Maryland and Washington, D.C., is in the preparation stages for the massive Capital Grid Project, which the company says would strengthen the D.C. area's heavily burdened electric system over the long term by enhancing reliability and resiliency. The plan involves constructing a new substation and upgrading three others in the D.C. area, and installing about 10 miles of underground transmission cable. Pepco anticipates construction will begin later this year on the:
Exelon is perhaps known as the largest nuclear-plant operator in the U.S., and one project indicates where the nuclear market is headed: the estimated $1.4 billion decommissioning and dismantlement of the Oyster Creek Nuclear Power Station in Forked River, New Jersey, which Exelon retired in September after a half a century of service. Although licensed to operate until 2029, Exelon decided in 2010 to retire the plant early after revisions to New Jersey's water use rules would have required it to build roughly $800 million worth of cooling towers. Nationwide, nuclear plant construction has plummeted as owners have opted to preserve existing facilities--sometimes far beyond their original expiration dates--rather than deal with the expense of building new ones. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a graph detailing active Exelon projects, by project type.The company invested more than $5.5 billion in 2018 to replace aging infrastructure and improve the reliability of its generating assets. It expects to spend about $23 billion from 2019-2022 on modernizing its grid and improving its resiliency; current estimates are for more than $5.3 billion in capital spending this year, and more than $5.9 billion in 2020.
Exelon is expanding its power-generation capacity along the East Coast through both fossil-fueled and renewable energy capital projects. The company is putting the finishing touches on $200 million in gas turbine additions at its West Medway Peaking Power Station in Medway, Massachusetts. The expansion will nearly double the facility's capacity with a pair of 100-megawatt (MW) LMS100 turbines from General Electric (NYSE:GE) (Boston, Massachusetts).
According to Exelon's website, the power-generating system and support systems for the first gas-turbine unit are being commissioned, while various components of the second unit are in the final phases of construction and are being commissioned. Other major features, such as perimeter security fencing and ammonia tank enclosures, are nearing completion. For more information, see Industrial Info's project report.
Exelon also is building the $25 million Gateway Solar Power Plant in Ocean City, Maryland, which will generate 52 MW from 52,000 photovoltaic panels upon completion later this quarter. The company also is adding to its biomass-generation capacity with a $12 million steam turbine addition at the Marine Corps Logistics Base in Albany, Georgia, which will generate 8.5 MW from a Siemens SST-200 steam turbine. For more information, see Industrial Info's reports on the Gateway and Marine Corps projects.
Pepco, an Exelon subsidiary that services Maryland and Washington, D.C., is in the preparation stages for the massive Capital Grid Project, which the company says would strengthen the D.C. area's heavily burdened electric system over the long term by enhancing reliability and resiliency. The plan involves constructing a new substation and upgrading three others in the D.C. area, and installing about 10 miles of underground transmission cable. Pepco anticipates construction will begin later this year on the:
- new, $143 million Mount Vernon Substation in D.C.; see project report
- $179 million upgrade to the Harvard Substation in D.C. ; see project report
- $122 million upgrade to the Champlain Substation in D.C. ; see project report
- $112 million upgrade to the Takoma Substation in Chillum, Maryland; see project report
- $60.5 million Champlain-Mount Vernon line; see project report
- $60.5 million Mount Vernon-Waterfront line; see project report
- $56.5 million Takoma-Harvard line; see project report
- $56.5 million Harvard-Champlain line; see project report
Exelon is perhaps known as the largest nuclear-plant operator in the U.S., and one project indicates where the nuclear market is headed: the estimated $1.4 billion decommissioning and dismantlement of the Oyster Creek Nuclear Power Station in Forked River, New Jersey, which Exelon retired in September after a half a century of service. Although licensed to operate until 2029, Exelon decided in 2010 to retire the plant early after revisions to New Jersey's water use rules would have required it to build roughly $800 million worth of cooling towers. Nationwide, nuclear plant construction has plummeted as owners have opted to preserve existing facilities--sometimes far beyond their original expiration dates--rather than deal with the expense of building new ones. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
