Crane is president and chief executive officer of Chicago-based Exelon Corporation, the nation’s leading competitive energy provider. Headquartered in Chicago, Exelon does business in 48 states, the District of Columbia and Canada. Crane oversees a family of companies representing every stage of the energy value chain, including Exelon Generation, one of the largest competitive U.S. power generators, with approximately 31,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets; Constellation, which provides energy products and services to more than 2 million residential, public sector and business customers, including more than two-thirds of the Fortune 100; and Exelon’s six utilities, which deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and PEPCO subsidiaries.
Crane previously served as president and chief operating officer of Exelon Corporation. In that role, he oversaw one of the U.S. industry’s largest portfolios of electric generating capacity, with a multi-regional reach and the nation’s largest fleet of nuclear power plants. He directed a broad range of business, including major acquisitions, transmission strategy, cost management initiatives, oversight of major capital programs, generation asset optimization and generation development.
Crane has worked in the nuclear industry in progressively more responsible positions for over 30 years. He joined Exelon (then ComEd) in 1998, and was named chief nuclear officer in 2004. He was a key player in the dramatic turnaround of ComEd nuclear performance, and the development of Exelon’s proprietary Nuclear Management Model, a codification of industry-leading operational, safety, management, regulatory, workforce and financial practices. The model is the key to Exelon Nuclear’s sustained excellence in production, cost and overall effectiveness.
Crane assumed responsibility for Exelon’s fossil, hydro and renewables facilities, in addition to the nuclear fleet, in 2007. He oversaw a broad range of generation and business development initiatives, including new nuclear development, nuclear operating services, development of the nation’s largest urban solar project, innovative decommissioning strategies and asset optimization. He was instrumental in establishing corporate citizenship and public outreach as a plant priority.
Crane was named president of Exelon Generation in 2008, with added responsibility for Power Team, Exelon’s former wholesale power trading and competitive retail organization (now part of Constellation).
Prior to joining Exelon, Crane served as Browns Ferry site vice president for Tennessee Valley Authority, and worked in new plant start-up at the Comanche Peak Nuclear Power Plant in Texas and Palo Verde Nuclear Generating Station in Arizona.
Crane is an acknowledged leader in the electric utility and nuclear industries. He is chairman of the Edison Electric Institute. He is former chairman of the Institute of Nuclear Power Operations and the Nuclear Energy Institute, the nation’s nuclear industry trade association. He chairs the board of Chicago’s Museum of Science and Industry and is also a member of the board of directors of AEGIS Insurance Services, Get In Chicago, the Greater Washington Partnership and the Economic Club of Washington DC.
Crane studied at New Hampshire Technical College, and attended Harvard Business School’s Advanced Management Program. He previously held a senior reactor operator certification.