Low-cost base load generation, Strong operating track record, Free cash flow positive position, and Large available liquidity and adequate cash flow adequacy. Uncertainty about markets in Pennsylvania, Exposure to nuclear generation, and Aggressive financial policies of parent Exelon Corp. Exelon Generation Co. LLC's (ExGen) ratings reflect the consolidated credit profile of parent Exelon Corp. We believe ExGen's standalone credit quality is higher. Chicago, Ill.-based parent Exelon distributes electricity to about 5.4 million customers in Illinois and Pennsylvania, and natural gas to 480,000 customers in the Philadelphia area through its regulated subsidiaries, Commonwealth Edison Co. (ComEd) and PECO Energy Co. The company is also engages in unregulated energy generation, wholesale power marketing, and energy delivery through its ExGen subsidiary. Exelon's consolidated
