Exelon stock today
* Exelon Corporation is one of the nation's largest electric utilities with more than $ 18 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 5.4 million customers in northern Illinois and southeastern Pennsylvania and natural gas to approximately 490,000 customers in the Philadelphia area. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC. [Source: Exelon Nuclear press release, Exelon Nuclear Submits Limerick Generating Station License Renewal Application to the U.S. Nuclear Regulatory Commission,July 7, 2011]
February 21, 2006
Hot stock
Exelon's stock has increased by an average of 17 percent each year over the past five years. By
comparison, the Standard & Poor's index of the nation's 500 largest companies is up less
than 1 percent during that time.
[Source: Robert Manor, "CUB endorses proposed bill to freeze state electric rates",
Chicago Tribune, February 21, 2006]
* "Because of various legal reasons, AmerGen (originally formed by PECo with BNFL, with the PECo share later taken over by Exelon) will continue to have a separate identity for a while, but the AmerGen and Exelon nuclear plants work under a single overall organization."
[Source: E. Michael Blake, "U.S. capacity factors: Does new ownership matter?", Nuclear News, May 2005, p. 31]
August 13, 2003
Exelon to cut 1,900 jobs
Exelon Corp plans to cut 10% of its workforce by 2006 to help rationalize the organisation following the merger of Commonwealth Edison (ComEd) parent, Unicom Corp and PECO Energy Co in 2000. Some 1900 jobs will be cut, mostly in the professional and managerial levels throughout the company. The restructuring program plans to cut 1200 positions by 2004 and another 700 by 2006, saving an estimated $300 million in 2004 and then $600 million annually for the 2005-2007 period. [Ref: FreshFUEL, August 11, 2003]
* Exelon Corporation (NYSE: EXC)
is one of the nation's largest electric utilities with approximately five million customers and
more than $15 billion in annual revenues.Ê 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.Ê Exelon distributes electricity to approximately five million
customers in Illinois and Pennsylvania and gas to 425,000 customers in the Philadelphia area.Ê
The company also has holdings in such competitive businesses as energy, infrastructure services
and energy services.Ê Exelon is headquartered in Chicago and trades on the NYSE under the
ticker EXC. [Source: AmerGen Energy Co. press release, "AmerGen to Pursue Oyster Creek License Extension", February 19, 2004]
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Pressurized Water Reactors
Boiling Water Reactors
Exelon news
November 20, 2005
Exelon stock up 15% this year - one of the few companies that had the good sense to buy n-plants at bargain basement prices a few years ago
Exelon, based in Chicago, has made a hefty wager on nuclear generation, ... noted ... Mark C. Sadeghian, an analyst at Morningstar... It has 17 reactors at 10 sites. If it completes a pending acquisition of the Public Service Enterprise Group, based in Newark, it will have 20 reactors at 12 sites. Exelon's stock is up more than 15 percent this year. ... "Several years ago, when the industry started to deregulate, many companies decided to sell off their nuclear plants, and very few companies had the bright idea to buy them, though they were being sold by pennies on the dollar," said Judith A. Saryan, portfolio manager at the Eaton Vance Utilities fund. "Exelon was one of the companies that had the good sense to buy." Operating a passel of plants helped Exelon to hone its nuclear expertise, Ms. Saryan said. "Now its nuclear fleet runs at 95 percent capacity."
[Source: Tim Gray (New York Times, Money and Business/Financial Desk), "Can Nuclear Power Become Just Another Business?", The New York Times, November 20, 2005, p. 3-5