Sonny Garg, a speaker at the marcus evans Energy CFO Summit 2012 and Generation Summit 2012, shares his views on creating a sustainable and more reliable energy supply. Interview with: Sonny Garg, President, Exelon Power

1. Exelon Power:
Formulating a Sustainable
Energy Supply
Interview with: Sonny Garg, Cross-State Air Pollution and Toxics Pollution and Toxics Rules can help us
President, Exelon Power Rules. cost effectively clean up the air we
breathe and lower healthcare costs. We
And finally, we must let the competitive have access to abundant supplies of
“There are several key actions that we electricity market work. The natural gas and there is unused
can take to cost-effectively reduce marketplace and competition will not generation capacity out there.
harmful air pollutants and help build a support older, inefficient, coal-fired
truly sustainable energy supply,” says units, but will support the most cost- What does the future hold for the
Sonny Garg, President, Exelon Power. A efficient choices for a clean and reliable energy sector?
speaker at the marcus evans Energy electricity supply.
CFO Summit 2012 and Generation The industry is already in a transition.
Summit 2012, Garg discusses cleaner Exelon 2020 is our company’s business We expect natural gas prices and
power generation, carbon emission and environmental strategy to reduce, demand growth to remain low. We are
reduction and being prepared for the offset or displace our entire carbon headed towards a much cleaner
changes that lie ahead in the energy footprint by 2020. We have already direction and natural gas is the fuel that
sector. made significant progress and expect to will get us there, as it is domestically
meet our goal ahead of schedule. We abundant, and inexpensive.
What strategies would work best at have reduced our own carbon emissions
formulating a sustainable and by 6.3 million metric tons, 56 per cent The EPA rules will be a key agent of
reliable energy supply? of our goal. change in the energy sector. These
rules and the marketplace will force the
There are several key actions that we industry to employ cleaner generation,
can take to cost-effectively reduce
harmful air pollutants and help build a Toxic emissions are so it is important to let the market
develop effective solutions. While they
truly sustainable energy supply.
raising healthcare may not be economical without
subsidies right now, solar and wind
Toxic emissions are raising healthcare
and economic costs, making it and economic costs, energy will progress as the economy
improves.
imperative for the energy industry to
move to cleaner generation. First, making it Any final thoughts?
federal and state governments should
avoid mandates and subsidies for imperative for You cannot control the economics of
favored energy technologies. Many of
these technologies are not economical the energy industry natural gas prices, but you can control
how you talk to employees, relay
to construct in today’s marketplace,
because of energy prices, an excess of to move to information and respond to feedback.
generating capacity and very low load
growth. The cost of these mandates and cleaner generation In early 2011, we instituted an initiative
called, “Answering the Call” that was
subsidies are passed on to consumers, designed to foster, facilitate and
creating an uneven playing field for improve two-way communications
different types of generation. How should energy professionals between leaders and employees. We
prepare for upcoming changes in changed how people receive information,
Second, with abundant natural gas the industry? and trained our leaders to better engage
supplies promising low prices for the their team members. We want the
f o r e s e e ab le f u t ur e and unu s e d As an industry, we should look ahead conversations employees have in the
generation capacity, it is now time to and not be frightened of change when it hallway to make their way into the
implement the US Environmental is best for our nation, industry and boardroom, so that we can be aware of
Protection Agency’s (EPA) long overdue customers. The EPA’s Cross-State Air what our people are thinking and feeling.

2. For more information please send an email to info@marcusevanscy.com or visit
The Energy Network - marcus the event websites below:
evans Summits group delivers
peer-to-peer information on Energy CFO Summit 2012: www.energycfosummit.com
strategic matters, professional
trends and breakthrough Generation Summit 2012: www.generationsummit.com
innovations.
Contact
Stacey Melvin, Journalist, marcus evans, Summits Division
Please note that the Summit is a
closed business event and the Tel: + 357 22 849 400
number of participants strictly Email: press@marcusevanscy.com
limited.
All rights reserved. The above content may be republished or reproduced. Kindly
inform us by sending an email to press@marcusevanscy.com
About marcus evans Summits
marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss
strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to
individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings.
For more information, please visit: www.marcusevans.com
Upcoming Events
CFO Summit - www.cfosummits.com
Distribution Technology & Innovation Summit - www.dti-summit.com
Power Generation APAC Summit - www.apacpowergen.com
Transmission & Distribution Summit - www.t-dsummit.com
Water & Wastewater Management Summit - www.h2osummit.com
To view the web version of this interview, please click here: www.energy-summits.com/Sonny_Garg