It maintains nearly 540 electric substations, over 12,000 miles of aerial lines and more than 20,500 miles of underground cable. The Company also owns a portion of three major power plants operated by other utilities. Peco also builds fiber-optic networks and provides telecommunications services as part of a joint venture in the Philadelphia metro area. Exelon Infrastructure Services is a Peco subsidiary that services a variety of utility and telecommunications networks. Exelon attracts investors with superior profitability and higher returns vs. comparable electric utilities.
Most utilities are highly sensitive to high interest rates.
Should rates fall in 2001, the entire sector could prosper. In November, Exelon Solutions acquired Knoxville-based Systems Corp., a project development and engineering services company. Sithe operates 27 facilities, mostly in the northeast US, with 3,800 MW of generation. In addition, it has eleven facilities under construction with 6,200 MW of generation. Much of the combined company's power production comes from nuclear energy, a high cost and high risk energy source.