Operationally, 2012 was a challenging year. Thousands of employees
and contractors throughout the service territories battled severe storms, most notably the derecho and Superstorm Sandy. These efforts resulted
in all three utilities being recognized as 2012 Emergency Response Award
winners by the Edison Electric Institute.

BGE, ComEd and PECO continue to demonstrate first quartile safety
performance benchmarks, with ComEd and PECO achieving top decile in the industry. In addition, all three utilities achieved their best performance
in reliability, with BGE performing in the second quartile of comparative utilities and ComEd and PECO in first quartile. The utilities' gas operations earned similar success by achieving first-quartile performance for gas odor
response, a key metric for the business.