Exelon Generation 8-K Exelon Announces Fourth Quarter Earnings and Reports $2.78 Per Diluted Share for Full Year; Declares Quarterly Dividend

EXHIBIT 99.2

Exelon
2004 Financial Scorecard

($ in millions,
except per share data)	Measure	2004 Results		2004 Target/Estimate
Adjusted (non-GAAP) Operating EPS	Year-to-date		$2.78	$2.75 - $2.90 (Guidance)
Exelon Way O&M Savings (pre-tax)	Program-to-date		$339		$210
	Year-over-year		$176		$47
Exelon Way Cap Ex Savings	Program-to-date		$188		$200
	Year-over-year		$121		$133
Free Cash Flow*	Year-to-date		$1,386		$750
Divestitures/Sales	Net cash proceeds		$404		$375
Credit Measures	EBITDA Interest Coverage**		8.0x		8.3x
	Debt to Total Cap**		47%		48%

* Favorability driven mainly by working capital.
** Excludes transition debt and Boston Generating Facility debt.