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4-Traders Homepage  >  Equities  >  Nyse  >  Exelon Corporation    EXC

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Exelon Corporation : Byron Station Declares Unusual Event

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01/30/2012 | 11:54pm CEST

January 30, 2012

 Operators at Byron Generating Station declared an Unusual Event at 10:18 a.m. CT, due to the loss of offsite power and Unit 2 coming offline. 

Byron Station Declares Unusual Event
Unit 2 automatically taken offline; diesel generators start as designed

BYRON, Ill. (January 30, 2012) - Operators at Byron Generating Station declared an Unusual Event at 10:18 a.m. CT, due to the loss of offsite power and Unit 2 coming offline.

The nuclear facility's diesel generators activated as designed to provide power to the facility when there is a loss of offsite power to the facility. The facility remains in a safe condition. Station engineering experts are looking into the cause of the loss of offsite power.

Byron Station is designed to depressurize to reduce steam pressure as part of the many redundant safety systems built into the facility. Steam from the unit is released through safety relief valves that are specifically designed for this purpose. The steam, which will evaporate quickly, contained expected levels of tritium. Local residents may see or hear the steam release in progress, which will continue throughout the day until the unit cools down. These types of station releases are regulated by the Nuclear Regulatory Commission.

There is no health or safety impact to workers or to the public from the release, and Exelon Nuclear has notified all appropriate local, state and federal officials of the Unusual Event.

An Unusual Event is the lowest of four emergency classifications established by the U.S. Nuclear Regulatory Commission.

Tritium is an isotope of hydrogen with a weak level of radioactivity. It is formed naturally in the upper atmosphere, is a component of rain and is found in virtually all of earth's surface water. Tritium is produced in greater concentrations in commercial nuclear reactors and is routinely discharged into the environment under strict regulatory guidelines. Tritium eventually breaks down into helium.

Byron's Unit 1 continues to supply clean electricity to Exelon customers.

Byron Generating Station is in Ogle County, Ill., about 25 miles southwest of Rockford.


About Exelon

Exelon Corporation is one of the nation's largest electric utilities with more than $18 billion in annual revenues. 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 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. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.

Paul DempseyExelon Nuclear Communications
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Financials ($)
Sales 2016 29 654 M
EBIT 2016 4 713 M
Net income 2016 2 365 M
Debt 2016 33 075 M
Yield 2016 3,63%
P/E ratio 2016 14,15
P/E ratio 2017 13,28
EV / Sales 2016 2,20x
EV / Sales 2017 2,17x
Capitalization 32 116 M
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Average target price 38,4 $
Spread / Average Target 10%
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Christopher M. Crane President, Chief Executive Officer & Director
Mayo A. Shattuck Independent Chairman
Jonathan W. Thayer Chief Financial Officer & Senior Executive VP
John Washington Rogers Independent Director
Nicholas DeBenedictis Independent Director
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