Item 8.01. Other Events.

Pursuant to an April 1, 2014 Put Option Agreement between Exelon Generation Company, LLC ("Generation") and EDF Inc. ("EDF"), EDF has an option to sell its 49.99% equity interest in Constellation Energy Nuclear Group, LLC ("CENG") to Generation. CENG is a joint venture between Generation and EDF for the ownership and operations of nuclear plants located on three sites, Calvert Cliffs (Maryland), R.E. Ginna (New York) and Nine Mile Point (New York). The put option became exercisable on January 1, 2016 and may be exercised any time until June 30, 2022.

On November 20, 2019, Generation received notice of EDF's intention to exercise the put option and sell its ownership share in CENG to Generation. Under the terms of the Put Option, the purchase price is to be determined by agreement of the parties, or absent such agreement, by a third-party arbitration process. Any resulting sale would be subject to the approval of the New York Public Service Commission, the Federal Energy Regulatory Commission and the Nuclear Regulatory Commission. The process and regulatory approvals could take one to two years or more to complete.

Exelon issued a press release in connection with the above. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits



(d)  Exhibits.
Exhibit No. Description
  99.1        Press Release
101         Cover Page Interactive Data File - the cover page XBRL tags are
            embedded within the Inline XBRL document.
104         The cover page from the Current Report on Form 8-K, formatted as Inline
            XBRL.



                                   * * * * *

This combined Current Report on Form 8-K is being furnished separately by Exelon Corporation and Generation (Registrants). Information contained herein relating to any individual Registrant has been furnished by such Registrant on its own behalf. No Registrant makes any representation as to information relating to any other Registrant.

This report contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. The factors that could cause actual results to differ materially from the forward-looking statements made by the Registrants include those factors discussed herein, as well as the items discussed in (1) the Registrants' 2018 Annual Report on Form 10-K in (a) Part I, ITEM 1A. Risk Factors, (b) Part II, ITEM 7. Management's Discussion and Analysis of Financial Condition and Results of Operations and (c) Part II, ITEM 8. Financial Statements and Supplementary Data: Note 22, Commitments and Contingencies; (2) the Registrants' Third Quarter 2019 Quarterly Report on Form 10-Q in (a) Part II, ITEM 1A. Risk Factors, (b) Part I, ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and (c) Part I, ITEM 1. Financial Statements: Note 16, Commitments and Contingencies; and (3) other factors discussed in filings with the SEC by the Registrants. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this report. The Registrants undertake no obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this report.

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