EXHIBIT 99.1

                                                                [LOGO OF EXELON]
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News Release

From:     Exelon                                           For Immediate Release
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          Corporate Communications                         June 13, 2001
          P.O. Box 805379
          Chicago, IL  60680-5379

Contact:  Don Kirchoffner
          312.394.3001
          Linda Marsicano
          312.394.3099

    Exelon On Track to Meet or Beat 2001 Earnings Target of $4.50 per Share

Chicago (June 13, 2001) - Exelon Corporation Co-CEO John W. Rowe told investors
today that Exelon is well on track to meet or beat its 2001 earnings target of
$4.50 per share.  Rowe made the announcement during a presentation at the
Deutsche Banc Alex. Brown Power Conference in New York.

Rowe attributes the success to the smooth transition of the merger of Unicom and
PECO Energy that formed Exelon Corporation and value-creating opportunities in
the first quarter that were better than the company anticipated.

"These opportunities were fueled by high gas prices that persisted through early
spring in our two principal markets, but they also arose from our PowerTeam's
increasing knowledge of how to move power around the high demand markets within
our reach," Rowe says.

"Also, the ComEd distribution system is in its best shape in recent years, and
although we expect peak demand of 21,850 megawatts this summer, we have locked
enough power to meet the demand of 23,600 megawatts.  Exelon is committed to
protecting our customers from the reliability problems currently plaguing
California."

Asked how an excess supply of generation would affect Exelon's earnings and
profitability, Rowe cited the resilience of and earnings protection afforded by
Exelon's low cost of nuclear production (less than 2.2 cents/kilowatthour), the
expertise and market reach of PowerTeam and the heavy demand generated from
ComEd and PECO's combined customer base of 5 million.

Exelon will report its second quarter earnings on July 24, 2001 before the
market opens.

A webcast of Exelon's presentation at the Deutsche Banc Conference can be
accessed at www.db.com/conferences or through the Investor Relations section of
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the Exelon web site at www.exeloncorp.com. The webcast will be available on
these web sites for 90 days after the date of the conference.

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Except for historical information, matters discussed in this release are
forward-looking statements that are subject to risks and uncertainties. The
factors that could cause actual results to differ materially include future
events affecting the demand for, and the supply of, energy, including weather
and economic conditions and the availability of generating units, and other
factors discussed in Exelon's filings with the Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on these forward-
looking


statements, which speak only as of the date of this release. Exelon undertakes
no obligation to publicly release any revision to these forward-looking
statements to reflect events or circumstances after the date of this release.

Exelon Corporation is one of the nation's largest electric utilities with
approximately five million customers and more than $15 billion in annual
revenues.  The company has one of the industry's largest portfolios of
electricity generation capacity, with a nationwide reach and strong positions in
the Midwest and Mid-Atlantic.  Exelon distributes electricity to approximately
five million customers in Illinois and Pennsylvania and gas to 425,000 customers
in the Philadelphia area.  The company also has holdings in such competitive
businesses as energy, infrastructure services and energy services.  Exelon is
headquartered in Chicago and trades on the NYSE under the ticker EXC.


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