The state of New York has solidified its position as the nation’s leader on advancing clean, zero-emissions energy with the passage of the state’s Clean Energy Standard (CES), Exelon Corp. said today following the New York Public Service Commission’s approval of the CES.

“Today is a historic day for New York and the energy industry, and we applaud Governor Andrew Cuomo and his Administration for their leadership,” said Chris Crane, president and CEO, Exelon. “Approval of the Clean Energy Standard makes New York a true leader in terms of support for zero-emissions energy, including both renewables and nuclear power.”

The CES will save thousands of high-paying jobs and spur hundreds of millions of dollars in short-term investments in energy infrastructure in upstate New York. The company said it will review the commission’s order over the next several days.

“With the Clean Energy Standard, we’ll immediately invest hundreds of millions of dollars right back into the upstate economy, which will have a long-term positive impact across the state,” Crane said. As Exelon has previously indicated, approval of the program means the company will reinvest approximately $200 million in the plants in spring of 2017.

Exelon operates two nuclear energy facilities in upstate New York: R.E. Ginna and Nine Mile Point. Together, the two plants produce 2.4 billion watts of zero-carbon electric capacity, employ 1,400 full-time workers with an annual payroll of $266 million and thousands more indirect jobs, and pay over $47 million annually in local taxes. Without the CES, these plants would have been at risk of closure.

Exelon said on July 13 that it had entered into discussions with Entergy to potentially purchase the James A. FitzPatrick Nuclear Power Plant in Scriba, New York. Those negotiations can continue now that the CES has been approved, providing an opportunity to prevent the plant from being shut down.

A New York Public Service Commission’s analysis released April 18 said that FitzPatrick produces more than $1 billion in economic value annually to New York. An independent study published by The Brattle Group in December found similar economic benefits.

Cautionary Statements Regarding Forward-Looking Information

This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are subject to risks and uncertainties. The factors that could cause actual results to differ materially from the forward-looking statements made by Exelon Corporation and Exelon Generation Company, LLC (Registrants) include those factors discussed herein, as well as the items discussed in (1) Exelon’s 2015 Annual Report on Form 10-K in (a) ITEM 1A. Risk Factors, (b) ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) ITEM 8. Financial Statements and Supplementary Data: Note 23; (2) PHI’s 2015 Annual Report on Form 10-K in (a) ITEM 1A. Risk Factors, (b) ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) ITEM 8. Financial Statements and Supplementary Data: Note 16; (3) Exelon’s First Quarter 2016 Quarterly Report on Form 10-Q in (a) Part II, Other Information, ITEM 1A. Risk Factors; (b) Part 1, Financial Information, ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) Part I, Financial Information, ITEM 1. Financial Statements: Note 18 and (4) other factors discussed in filings with the SEC by the Registrants. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this release. Neither of the Registrants undertakes any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this release.

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 2015 revenue of $34.5 billion. Exelon’s 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 32,700 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160801006116/en/

ViON Corporation, a market leader in the design, delivery and maintenance of mission critical IT infrastructure solutions, today announced the appointment of Clint Green as the company’s Director of Advanced Analytic Strategy and Development.

“We continue to strengthen our company by adding elite talent like Clint Green to our leadership team,” said Tom Frana, CEO of ViON. “Clint brings a wealth of big data analytics expertise and experience to ViON that will enhance our solutions and the value they bring our customers.”

Prior to joining ViON, Mr. Green served as CTO of Ascolta, a wholly owned subsidiary of ViON, where he established a strategic framework and technical vision for the company. Prior to that, Mr. Green served as Vice President and CTO of L-3 National Security Solutions, VP of Global Services for Koverse, Director of Big Data Solutions for Iron Bow Technologies, Senior Innovation Engineer and Senior Infrastructure Architect for Data Tactics Corporation, and he also held several positions with EMC, including Senior Technology Consultant: Federal Backup, Recovery and Archive for Cloud Optimized Storage. Mr. Green’s IT specialties include Big Data, Analytics, Hadoop, Networking and Disaster Recovery among others.

Learn more about Mr. Green and ViON’s executive leadership team at http://www.vion.com/about-vion/executives.

About ViON Corporation

ViON Corporation designs, delivers and maintains mission-critical IT infrastructure solutions on an enterprise scale for the military, governments and commercial businesses, while offering the highest level of security available anywhere around the globe. ViON is well known for its cost-effective compute, network and storage capabilities, delivered on premise or through the cloud anywhere on earth. Supported by cleared resources that are highly trained and armed with the industry’s latest certifications and specializations, ViON has a legacy of helping its customers meet business goals and mission objectives, support warfighters and deliver citizen services and drive innovation and business growth. The veteran-owned business is located in Herndon, Virginia with field offices throughout the United States. For more information visit www.vion.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160727006615/en/

Building on Accenture Federal Services’ (AFS) (NYSE:ACN) long track record of helping government agencies address complex, high-impact challenges, such as healthcare.gov and studentloans.gov, AFS has launched the new Accenture Federal Services Digital Studio in Washington, D.C., to focus on the next big challenge for government: radically improving the engagement of citizens and employees.

AFS built this space for collaboration and co-creation with clients. It showcases the capabilities of Accenture Digital’s industry-leading capabilities comprising Accenture Interactive, Accenture Analytics and Accenture Mobility, and is being deployed to help Accenture’s federal clients better engage with the people that they employ, serve and protect. The AFS Digital Studio will provide digital strategy, service and experience design, digital marketing and agile product-development capabilities.

“Great experiences don’t just happen, they are created,” said David Moskovitz, chief executive of Accenture Federal Services. “Here at the Digital Studio is where that will begin, with our team of specialized experts and our federal client partners.”

Accenture is creating an environment that helps advance ideation and innovation by melding the physical and digital worlds – combining the best digital innovations and advances in design thinking with rapid prototyping and modeling tools.

“By leveraging innovations in human-centered design and rapid prototyping, the Digital Studio can enable federal agencies to more quickly evaluate, develop and deploy new solutions that enhance customer experience and better meet customer needs,” Moskovitz said.

Michael Lawless, director of the AFS Digital Studio, said, “The Digital Studio brings to our federal clients a proven, agile, problem-solving approach with experts in service and experience design—a team of digital thinkers, makers and doers. This integrated approach brings together client ideas, proven methodologies and cutting-edge technology to help our clients better meet their federal mission mandates.”

The Digital Studio features a Fjord Design & Innovation team. Fjord, a part of Accenture Interactive, is a global leader in service and experience design and will help Accenture federal clients design, develop and implement successful user-friendly experiences that rival those it has brought to U.S. government agencies including the Internal Revenue Service and the Census Bureau as well consumer brands such as adidas, Citibank and the BBC. Accenture Interactive, part of Accenture Digital, has been named a leader among global digital experience service providers by Forrester Research Inc., a leading global research and advisory firm. Ad Age has named Accenture Interactive the largest – and fastest growing – digital agency network in the United States and worldwide.

“The needs of the end user – whether an employee or a citizen – should guide technology solutions,” said Olof Schybergson, Fjord CEO and co-founder. “That empathy starts with design, and combining our design expertise with AFS’s insights into the needs of government clients will help federal agencies transform their service.”

Moskovitz added, “We expect that in the coming years the Digital Studio will bring hundreds of new jobs in leading-edge digital technologies and services to D.C. The Digital Studio will be a destination for the region’s top talent to work for the nation’s highest-priority programs and help make a difference for millions of people.”

Accenture Federal Services is a wholly owned subsidiary of Accenture LLP, a U.S. company, with offices in Arlington, Virginia. Accenture’s federal business has served every cabinet-level department and 30 of the largest U.S. federal organizations. Accenture Federal Services transforms bold ideas into breakthrough outcomes for clients at defense, intelligence, public safety, civilian and military health organizations.

About Accenture

Accenture (NYSE:ACN) is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 375,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160726005269/en/

A new report from Navigant Research analyzes the global smart city market, with a focus on energy, water, mobility, buildings, and government services, providing comprehensive profiles of smart city projects and forecasts for smart city technologies, segmented by industry and region, through 2025.

As city leaders around the world continue to commit to smart city objectives to meet social, economic, and environmental challenges, national governments are also encouraging cities to become centers of innovation and drivers of sustainable growth. But while there are many grand visions for the development of smart cities, and even more pilots and demonstration programs, there are far fewer large-scale, financially sound deployments of smart solutions to solve core city problems. Click to tweet: According to a new report from @NavigantRSRCH, global smart city revenue is expected to grow from $36.8 billion in 2016 to $88.7 billion by 2025.

“Today, city leaders and suppliers are recognizing that there needs to be a more clear and timely route to the broader deployment of proven technologies and solutions,” says Eric Woods, research director with Navigant Research. “The question is how to establish the right business models and deployment strategies to enable this expansion.”

Current city strategies increasingly emphasize resilience and climate adaption and focus on making smart city development relevant to citizens and their daily lives, according to the report. During the next two years, the adoption of smart city solutions is expected accelerate as the spread of the Internet of Things provides further momentum.

The report, Smart Cities, examines the evolution of the global smart city market, with a focus on five key industries: energy, water, mobility, buildings, and government. The study compares different approaches to the smart city and provides comprehensive profiles of noteworthy smart city projects in each major world region. Global revenue forecasts for smart city technologies, segmented by industry and region, extend through 2025. The report also examines the significant market drivers and challenges related to smart cities, key business models used to fund smart city projects, and the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.

* The information contained in this press release concerning the report, Smart Cities, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160719005189/en/

Hudson Technologies, Inc. (NASDAQ:HDSN) announced that it has been awarded, as prime contractor, a five-year contract including a five-year renewal option, by the United States Defense Logistics Agency (“DLA”) with an estimated maximum value over the term of the agreement of $400 million in sales to the Department of Defense. The fixed price contract is for the management and supply of refrigerants, compressed gases, cylinders and related items to US Military Commands and Installations, Federal civilian agencies and Foreign Militaries. Primary users include the US Army, Navy, Air Force, Marine Corps and Coast Guard.

Kevin Zugibe, Chairman and CEO of Hudson Technologies, commented, “This award was two years in the making and represents a transformative win for Hudson. In January of 2015, we executed a strategic acquisition of a West Coast based supplier of refrigerants and compressed gases to expand our presence in the industrial gas sectors. This acquisition provided us with complementary capabilities to subsequently bid on, and ultimately win, this large DoD contract. While the ultimate amount of revenue will depend on order levels, this award solidifies our presence in the refrigerants and industrial gas sectors and we believe will contribute considerable future revenue and earnings growth.”

About Hudson Technologies

Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide^® Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide^® Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. For further information on Hudson, please visit the Company’s web site at www.hudsontech.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained herein which are not historical facts constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, order levels pursuant to the Company’s agreement with DLA, changes in the laws and regulations affecting the industry, changes in the demand and price for refrigerants (including unfavorable market conditions adversely affecting the demand for, and the price of, refrigerants), the Company’s ability to source refrigerants, regulatory and economic factors, seasonality, competition, litigation, the nature of supplier or customer arrangements that become available to the Company in the future, adverse weather conditions, possible technological obsolescence of existing products and services, possible reduction in the carrying value of long-lived assets, estimates of the useful life of its assets, potential environmental liability, customer concentration, the ability to obtain financing, any delays or interruptions in bringing products and services to market, the timely availability of any requisite permits and authorizations from governmental entities and third parties as well as factors relating to doing business outside the United States, including changes in the laws, regulations, policies, and political, financial and economic conditions, including inflation, interest and currency exchange rates, of countries in which the Company may seek to conduct business, the Company’s ability to successfully integrate any assets it acquires from third parties into its operations, and other risks detailed in the Company’s 10-K for the year ended December 31, 2015 and other subsequent filings with the Securities and Exchange Commission. The words “believe”, “expect”, “anticipate”, “may”, “plan”, “should” and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160718006318/en/

Samsung Electronics America (SEA), Inc. today announced its participation as a board member of the Advanced Wireless Research Initiative (AWRI), a public-private partnership spearheaded by the White House to accelerate the development of next generation 5G wireless networks in the United States. In conjunction with the initiative’s member companies and more than 400 university researchers, Samsung will contribute its expertise in wireless network architecture and mmWave radio access technologies to help lead in the research and testing of next generation mobile networks.

“The White House initiative provides an ideal platform for Samsung to help create a blueprint for the future of communications network development through collaboration with a diverse range of experts,” said Charlie Zhang, Vice President, Samsung Research America. “Supporting U.S. wireless leadership and next generation networks continues to be a priority for Samsung, and we look forward to helping expedite 5G innovation to enable more people to benefit from the next level of enhanced communications.”

With the AWRI, Samsung will provide guidance and assist in the development of new wireless testbeds, enabling researchers to examine and validate 5G technologies, spectrum usage paradigms, application performance and service behavior. As a board member, Samsung will also provide direction on future research initiatives.

Pioneering 5G Innovation

Samsung brings over 35 years of experience in developing innovative mobile telecommunications technologies and plays an active role in working with international standards organizations on standardizing 5G network development. The company has driven a wide range of 5G breakthroughs in the mmWave spectrum including:

• In 2013, Samsung recorded the world’s first gigabit per second throughput benchmark to a distance up to 2 kilometers using next-generation prototype technologies in mmWave spectrum.
• In 2014, Samsung set a speed record at 7.5Gbps in a stationary environment and became the first to demonstrate stable and uninterrupted mobile connections at 1.2Gbps from a vehicle traveling at over 100km/h.
• In March 2016, Samsung announced the world’s first multi-cell handover maintaining a gigabit data transmission, demonstrating a vehicle-in-motion maintaining a gigabit data transmission while moving between three transmitters.
• Recently, Samsung developed 5G-ready antenna and power amplifier technologies, enabling smaller, more energy efficient 5G equipment and devices using 28GHz millimeter wave (mmWave) spectrum.

For more information, please visit the White House Fact Sheet here.

About Samsung Electronics America, Inc.

Headquartered in Ridgefield Park, N.J., Samsung Electronics America, Inc. (SEA), is a recognized innovative leader in consumer electronics, mobile devices and enterprise solutions. A wholly owned subsidiary of Samsung Electronics Co., Ltd., SEA is pushing beyond the limits of today’s technology and providing consumers and organizations with a portfolio of groundbreaking products in appliances, home entertainment, Internet of Things, mobile computing, smartphones, virtual reality, wireless infrastructure and wearables, in addition to offering leading content and services related to mobile payments, 360-degree VR video, customer support and more. Samsung is a pioneering leader in smartphones and HDTVs in the U.S. and one of America’s fastest growing home appliance brands. To discover more about Samsung, please visit www.samsung.com. For the latest Samsung news, please visit news.samsung.com/us and follow us @SamsungNewsUS.

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, cameras, digital appliances, printers, medical equipment, network systems, and semiconductor and LED solutions. For the latest news, please visit the Samsung Newsroom at news.samsung.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160715005346/en/

Norsk Titanium AS, the world’s pioneering supplier of aerospace-grade, additive manufactured, structural titanium components announced today the State of New York, in partnership with SUNY Polytechnic Institute, has placed an order for an initial lot of 20 of Norsk Titanium’s patented MERKE IV Rapid Plasma Deposition (“RPD”) machines. The order is in accordance with an approved state budget allocation to facilitate Norsk Titanium’s US subsidiary building and operating the world’s first industrial-scale metal additive manufacturing plant in New York with the following details:

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160711005252/en/

“We are proud to be a part of the unwavering vision and leadership of Governor Cuomo and are moving forward in support of his efforts to revitalize upstate New York with jobs, technology and community pride,” said Norsk Titanium Chairman of the Board John Andersen, Jr. “Our researchers have spent ten years pioneering the Rapid Plasma Deposition process that is now ready to cut millions of dollars in cost from the world’s premier commercial and military aircraft, and with the foresight displayed in other sectors, the State of New York is the ideal place to launch this manufacturing revolution.”Plattsburgh, New York selected as the location for the world’s first Rapid Plasma Deposition factory

• Facility to be operational by the end of 2017
• The first 20 MERKE IV RPD machines establish a baseline production level of 400 metric tons per year of aerospace-grade, structural titanium components
• The New York program envisions a capacity ramp-up to a total of 40 MERKE IV RPD machines capable of up to 800 metric tons per year, which will be consumed to meet increasing demand from the aviation industry
• New York State investment advances Norsk Titanium’s production of the first 20 machines
• New York has released an additional $4.0 million in planning funds for the Norsk Titanium US industrial-scale Plattsburgh factory

“Today marks the beginning of a new era in the way aircraft, marine vessels, automobiles, spacecraft and many industrial products are designed and built,” said Norsk Titanium President & Chief Executive Officer Warren M. Boley, Jr. “Not only are we creating jobs, huge economic impact and great visibility for the wider Plattsburgh community, we are also making history by kicking off a new phase of on-demand, near-net-shape manufacturing that sets a new benchmark of efficiency and customer responsiveness.”

“This unparalleled investment by Governor Andrew Cuomo in the North Country’s aerospace sector brings together a leading-edge global company in Norsk Titanium with an established high-tech aviation ecosystem in the region and the state, a perfect match that will create good paying advanced manufacturing jobs in Plattsburgh while advancing New York’s leadership in this dynamic and growing industry,” said SUNY Polytechnic Institute Vice President Christopher Walsh. “SUNY Poly is proud to partner with Norsk Titanium to bring this revolutionary technology to market and to continue to drive cutting edge research in all of the state’s nanotechnology-enabled industries.”

Under the terms of the deal, Norsk Titanium US will provide additional investment into the Plattsburgh operation that is expected to bring the total program commitment to the $1 billion dollar level over the initial 10-year period of operations. A $125 million New York investment in the Norsk Titanium US Plattsburgh factory was approved in the 2016-2017 State budget and first highlighted by Governor Cuomo on April 1, 2016 during the North County Highlights budget address in Albany.

Norsk Titanium US is also partnering with the North County Chamber of Commerce in Plattsburgh to support and promote the successful launch and growth of Norsk’s industrial-scale factory including workforce training, economic development and STEM outreach including specific educational programs for SUNY Plattsburgh, local community colleges and other schools in the region.

Norsk Titanium’s proprietary RPD process works by feeding titanium wire into a set of plasma torches protected by a cool argon environment that has made it possible to replace legacy forged parts, which take months and even years to develop and produce, with precision, additive manufactured components. The company has signed numerous contracts with the top echelon of aerospace manufacturers and tier-1 suppliers interested in leveraging RPD to cut cost and lead time from airframe and engine programs.

Norsk Titanium RPD components have equivalent strength to forgings, but are delivered inexpensively and efficiently, with unprecedented part cost and design-to-market speeds.

Norsk Titanium has a major presence at the Farnborough International Airshow July 11-15, 2016 in Hall 4, Booth A114, where it is exhibiting a full-scale mock-up of the company’s patented MERKE IV Rapid Plasma Deposition machine that has been qualified at the world’s top echelon of aircraft manufacturers to produce structural titanium components.

About Norsk Titanium AS

Norsk Titanium AS is the world’s pioneering supplier of aerospace-grade, additive manufactured, structural titanium components. The company is distinguished in the aviation industry by its patented Rapid Plasma Deposition (RPD) process that transforms titanium wire into complex components suitable for structural and safety-critical applications. The Norsk Titanium research and development team is committed to replacing today’s inefficient manufacturing processes with a precision wire deposition technology embodying substantial savings for aerospace, defense, and commercial applications. www.norsktitanium.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20160711005252/en/

Exelon Generation has formally notified grid operator PJM Interconnection of its plans to retire the Quad Cities Generating Station on June 1, 2018. This is the latest of several procedural notifications Exelon is required to make prior to retiring the Quad Cities and Clinton nuclear stations in Illinois. Last month, Exelon Generation similarly notified the Nuclear Regulatory Commission.

On June 2, Exelon announced plans to close the Quad Cities and Clinton stations on June 1, 2018, and June 1, 2017, respectively, given the lack of progress on Illinois energy legislation. The stations have lost a combined $800 million in the past seven years, despite being two of Exelon’s best-performing plants.

“We continue to work with all stakeholders to ensure the retirement of these plants is carried out responsibly, safely and with consideration to the employees and the communities in which the plants operate,” said Chris Crane, Exelon president and CEO. “We are committed to being transparent at every step in the process, and that includes giving grid operators ample time to prepare for the loss of these units.”

Employees will safely operate Quad Cities until the retirement date, with staff transitions expected within six months after retirement. Exelon employs nearly 900 workers at Quad Cities. Clinton, which operates in the MISO market, employs approximately 700 workers. Exelon plans to formally notify MISO of its plans to close Clinton later this year.

The Quad Cities and Clinton stations support approximately 4,200 direct and indirect jobs and produce more than $1.2 billion in economic activity annually. A state report found that closing the plants would increase wholesale energy costs for the region by $439 million to $645 million annually.

Exelon will continue to work with stakeholders on passing the Next Generation Energy Plan that is critical to the state’s environment and economy. While these needed policy reforms may come too late to save Quad Cities and Clinton, Exelon is committed to working with policymakers and other stakeholders to advance an all-of-the-above plan that would promote zero-carbon energy, create and preserve clean-energy jobs, establish a more equitable utility rate structure and give customers more control over their bills.

Cautionary Statements Regarding Forward-Looking Information

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are subject to risks and uncertainties. The factors that could cause actual results to differ materially from the forward-looking statements made by Exelon Corporation and Exelon Generation Company, LLC (Registrants) include those factors discussed herein, as well as the items discussed in (1) Exelon’s 2015 Annual Report on Form 10-K in (a) ITEM 1A. Risk Factors, (b) ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) ITEM 8. Financial Statements and Supplementary Data: Note 23; (2) Pepco Holdings, Inc.’s 2015 Annual Report on Form 10-K in (a) ITEM 1A. Risk Factors, (b) ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) ITEM 8. Financial Statements and Supplementary Data: Note 16; (3) Exelon’s First Quarter 2016 Quarterly Report on Form 10-Q in (a) Part II, Other Information, ITEM 1A. Risk Factors; (b) Part 1, Financial Information, ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) Part I, Financial Information, ITEM 1. Financial Statements: Note 18 and (4) other factors discussed in filings with the SEC by the Registrants. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this press release. Neither of the Registrants undertakes any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this press release.

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 2015 revenue of $34.5 billion. Exelon’s 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 32,700 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160707005800/en/

Bread for the World today expressed hope that the poverty plan released by Speaker Paul Ryan (R-Wisc.) and the House of Representatives’ Task Force on Poverty, Opportunity, and Upward Mobility will start a bipartisan discussion on how to end hunger and poverty.

“Bread for the World applauds Speaker Ryan for giving poverty the attention it deserves and offering a plan to address it,” said Rev. David Beckmann, president of Bread for the World. “We have disagreements with some of the proposals. But we are pleased that the plan doesn’t propose to cut or block-grant anti-poverty programs, and we welcome the emphasis on making programs as effective as possible.”

Beckmann and other Christian leaders, who form the core of the Circle of Protection, have repeatedly met with Ryan and his staff. They recently wrote to members of the task force about what they hoped to see – and not see – in the Republican poverty plan. The letter can be read at www.circleofprotection.us/taskforce.

Bread for the World hopes the Republican plan will jumpstart a serious bipartisan dialogue about ending hunger and poverty, both in the current Congress and during the 2016 elections. Currently, 48 million Americans, including nearly 16 million children, struggle with hunger. A recent voter survey commissioned by Bread for the World found that 2 in 3 American voters believe that ending hunger should be one of the top priorities of the government.

Bread notes that the Republican plan stresses work without offering any solution to the fact that many people cannot find jobs. The plan fails to address the disparate impact of poverty on people of color and the racial bias that underlies this reality. The Republican plan also fails to mention global hunger and poverty, even though Republicans and Democrats have worked together on some global poverty issues.

“We believe we can end hunger and extreme poverty in our country and around the world if our leaders make it a higher priority,” said Beckmann. “We look forward to seeing the Democrats’ anti-poverty plan, and to having a real debate about solutions.”

Bread for the World (www.bread.org) is a collective Christian voice urging our nation’s decision makers to end hunger at home and abroad.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160607006548/en/

Leaders from Philips Lighting (Euronext Amsterdam: LIGHT), a global leader in lighting, will today meet with Energy Ministers attending the seventh Clean Energy Ministerial (CEM7) summit in San Francisco, where the company will announce a commitment to sell more than two billion¹ energy efficient LED light bulbs by 2020. Reaching this goal is estimated to save an amount of energy equivalent to that generated by 60 medium-sized coal-fired power stations with emissions equivalent to those from 24 million cars by 2020. The company will also reaffirm its pledge to make its global operations carbon neutral by 2020 and say that it expects electricity for its US operations to be 100% from renewable sources later this year.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160602005821/en/

In support of the Global Lighting Challenge, Philips Lighting makes a commitment to sell more than 2 billion LED light bulbs by 2020 which would save energy equivalent to decommissioning 60 medium-sized coal-fired power stations. Credit: Philips Lighting

The Clean Energy Ministerial (CEM) is a forum of countries working together to accelerate the global transition to clean energy. Speaking later today at its summit in San Francisco, Bill Bien, Head of Strategy for Philips Lighting commented, “We plan to turn the agreement at the COP21 UN Climate Change Summit in Paris into tangible action. Energy efficiency is the low-hanging fruit in the fight against climate change. Delivering on this pledge will be positive for our environment as well as the global economy, resulting in energy savings of around EUR 12 billion annually by 2020 that could be invested elsewhere. The clock is ticking for humanity — action is needed now before it’s too late.”

The Philips Lighting pledge supports the Global Lighting Challenge – a campaign to deploy 10 billion high efficiency, high quality affordable light bulbs (such as LED) as soon as possible to combat climate change. The campaign was launched last December by the Clean Energy Ministerial at the COP21 UN Climate Change Summit.

Committed to becoming carbon neutral

At the CEM7 summit Philips Lighting will call upon other companies to follow its lead and accept the challenge of becoming a carbon neutral company. At COP21, Royal Philips pledged to become a carbon neutral company and purchase all of its electricity from renewable sources by 2020. Philips Lighting reaffirms both of these commitments and offers to share its experience and learnings with other organizations as it works to meet these challenges.

Key to achieving carbon neutrality is the use of energy from renewables and driving down carbon emissions in operations and logistics. Philips Lighting reported progress in the US where it expects electricity for its operation to be 100% carbon neutral this year thanks to a power purchase agreement from the Hidalgo Wind Farm in McCook, Texas.

“It’s gratifying to produce LED light bulbs and connected lighting systems that reduce energy consumption by up to 80% compared to conventional lighting. But we must be accountable for our own footprint too – that’s why we’re committed to being carbon neutral by the end of the decade. To do this we’ve had to re-examine everything we do: our operations, processes and supply chain. I’m pleased to report we’re well on the way to achieving this goal and last year increased our use of renewables globally to 60% ²,”said Bien.

¹The more than two billion LED bulbs pledge by Philips Lighting is calculated from 2015-2020 (inclusive).

²This figure relates to the period 2007-2015 and is in line with the information provided in the Royal Philips Annual Report 2015.

About Philips Lighting
Philips Lighting (Euronext Amsterdam ticker: LIGHT) is a global leader in lighting products, systems and services. Our understanding of how lighting positively affects people coupled with our deep technological know-how enable us to deliver digital lighting innovations that unlock new business value, deliver rich user experiences and help to improve lives. Serving professional and consumer markets, we sell more energy efficient LED lighting than any other company. We lead the industry in connected lighting systems and services, leveraging the Internet of Things to take light beyond illumination and transform homes, buildings and urban spaces. In 2015, we had sales of EUR 7.4 billion and currently we have approximately 36,000 employees in over 70 countries. News from Philips Lighting is located at http://www.newsroom.lighting.philips.com.

About Clean Energy Ministerial
The Clean Energy Ministerial (CEM) is a forum of the world’s largest and most forward-leaning countries working together to accelerate the global transition to clean energy. Launched in 2010, the United States hosted the first ministerial meeting in Washington, DC, with subsequent meetings hosted by the United Arab Emirates, United Kingdom, India, Korea, and Mexico. At the Mexico meeting in May of 2015, President Barack Obama announced that California would host the Seventh Clean Energy Ministerial. The Clean Energy Ministerial is the follow-up meeting to the COP21 UN Convention of Parties climate change talks last December in Paris. The participating energy ministries include Australia, Brazil, Canada, China, Denmark, the European Commission, Finland, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Norway, Russia, Saudi Arabia, South Africa, Spain, Sweden, the United Arab Emirates, the United Kingdom, and the United States. http://www.cem7.org/

Forward-looking Information
This document contains forward looking statements that reflect the intentions, beliefs, or current expectations of Philips Lighting NV (Philips Lighting or the Company) about and targets for the future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements involve all matters that are not historical facts. Philips Lighting has tried to identify forward-looking statements by using words as “may”, “will”, “would”, “should”, “expects”, “intends”, “estimates”, “anticipates”, “projects”, “believes”, “could”, “hopes”, “seeks”, “plans”, “aims”, “objective”, “potential”, “goal” “strategy”, “target”, “continue”, “annualized” and similar expressions or negatives thereof or other variations thereof or comparable terminology, or by discussions of strategy that involve risks and uncertainties. The forward-looking statements are based on the Company’s beliefs, assumptions and expectations regarding future events and trends that affect the Company’s future performance, taking into account all information currently available to the Company, and are not necessarily indicative or guarantees of future performance and results. These beliefs, assumptions and expectations can change as a result of possible events or factors, not all of which are known to the Company or are within the Company’s control. If a change occurs, the Company’s business, financial condition, liquidity, results of operations, anticipated growth, strategies or opportunities may vary materially from those expressed in, or suggested by, these forward-looking statements. In addition, the forward-looking estimates and forecasts reproduced in this document from third-party reports could prove to be inaccurate. A number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement as a result of risks and uncertainties facing the Company, and its subsidiaries. Investors or potential investors should not place undue reliance on the forward-looking statements in this document. In light of the possible changes to the Company’s beliefs, assumptions and expectations, the forward-looking events described in this document may not occur. Additional risks currently not known to the Company or that the Company has not considered material as of the date of this document could also cause the forward-looking events discussed in this document not to occur. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. The Company undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160602005821/en/