AmerGen Energy Company, LLC
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300 Exelon Way Kennett Square, PA 19348 PA Tel. 610-765-5493 Fax 610-765-5789 |
Type: Subsidiary
On the web:
http://www.exeloncorp.com/ourcompanies/powergen/nuclear
Employees:
1,300
Three Mile Island looked like an opportunity, not a disaster, to AmerGen Energy, which acquires and operates nuclear plants as an independent power producer in North America. AmerGen was formed to capitalize on a marketplace in which utilities were unloading their nukes due to new laws or high operational costs. AmerGen acquired three nuclear stations in Illinois, Pennsylvania, and New Jersey in 1999 and 2000; its assets give it a generating capacity of about 2,500 MW. More bidders have entered the nuclear market since then, and several acquisition attempts by AmerGen have been rejected by utilities that instead wanted to auction off the assets. AmerGen is a part of utility holding company Exelon.
Key numbers for fiscal year ending December, 2007:
Sales: $364.4M
Officers:
President and CEO: Christopher M. (Chris) Crane
Competitors:
Constellation Generation
Entergy Nuclear
PSEG
