Exelon Corporation Declares Regular Quarterly Dividend on Common Stock

Exelon Corporation, one of the nation's largest electric utilities, declared a regular quarterly dividend of $0.525 per share on its common stock. This dividend is payable on December 9, 2011, to shareholders of record at 5:00 p.m. New York time on November 15, 2011. The Board of Directors also declared dividends for the following quarter that are contingent on the effective date of the pending merger with Constellation Energy Group, Inc. (Constellation).

The merger with Constellation is expected to bring about significant benefits, including increased revenue and improved operational efficiency. However, the effective date of the merger will determine whether shareholders will receive two separate dividend payments or a single payment. If the effective date of the merger is after February 15, 2012, shareholders will receive the regular quarterly dividend of $0.525 per share on March 9, 2012. If the effective date of the merger is on or before February 15, shareholders will receive two separate dividend payments: the first will be pro-rated and paid within 30 days after the effective date of the merger, while the second will be paid on March 9, 2012.

Exelon distributes electricity to approximately 5.4 million customers in northern Illinois and southeastern Pennsylvania and natural gas to approximately 490,000 customers in the Philadelphia area. 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 is headquartered in Chicago and trades on the NYSE under the ticker EXC.

Key Takeaways:

• Exelon Corporation declared a regular quarterly dividend of $0.525 per share on its common stock, payable on December 9, 2011, to shareholders of record at 5:00 p.m. New York time on November 15, 2011.
• Dividends for the following quarter are contingent on the effective date of the pending merger with Constellation Energy Group, Inc.
• Shareholders will receive two separate dividend payments if the effective date of the merger is on or before February 15, 2012.
• Exelon distributes electricity to approximately 5.4 million customers in northern Illinois and southeastern Pennsylvania.
• Exelon 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 is headquartered in Chicago and trades on the NYSE under the ticker EXC.
• The merger with Constellation is expected to bring about significant benefits, including increased revenue and improved operational efficiency.
• The companies have filed with the SEC a Registration Statement on Form S-4 that included the definitive joint proxy statement/prospectus.
• Exelon and Constellation mailed the definitive joint proxy statement/prospectus to their respective security holders on or about October 12, 2011.

Statistics:

• Exelon Corporation's annual revenues are over $18 billion.
• Exelon distributes electricity to approximately 5.4 million customers.
• Exelon 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.
• The merger with Constellation is expected to bring about significant benefits, including increased revenue and improved operational efficiency.
• Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.

Sources:

• Exelon Corporation
• Constellation Energy Group, Inc.
• Exelon's 2010 Annual Report on Form 10-K
• Exelon's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2011
• Constellation's 2010 Annual Report on Form 10-K
• Constellation's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2011
• Registration Statement on Form S-4, dated October 11, 2011
• Definitive Joint Proxy Statement/Prospectus, dated October 12, 2011