Exelon Corporation issued the following statement in response to the U.S. Court of Appeals for the Second Circuits decision upholding the legality of the zero-emissions credit program contained in New Yorks Clean Energy Standard:
We are pleased that the Second Circuit Court of Appeals has affirmed dismissal of the complaint against New Yorks Zero Emissions Credit (ZEC) program, which will allow the program to continue supporting the zero-carbon, resilient and affordable electricity that nuclear power provides to the states residents.
The decision marks the second time this month the courts have upheld state ZEC programs. On September 14, the U.S. Court of Appeals for the Seventh Circuit upheld the legality of a similar ZEC program contained in Illinois Future Energy Jobs Act.
About Exelon Corporation
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 2017 revenue of $33.5 billion. Exelons 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 32,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nations cleanest and lowest-cost power generation fleets. The companys 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.