Followers | 10 |
Posts | 473 |
Boards Moderated | 0 |
Alias Born | 02/10/2006 |
Monday, December 31, 2012 12:27:01 PM
EXC is/was poorly positioned for this cycle. They are a major energy generator at a time when the price of energy is plummeting due to the economic downturn and deregulation. The delivery business has been mired in regulatory issues associated with cost recovery for grid modernization. However, some of EXC's competitors are in worse shape and the washout of these competitors will eventually put a floor in on energy generation prices.
In the past 2 weeks Edison Mission Energy and Ameren have decided to throw in the towel on their power generation businesses in Illinois. The question is whether there are any assets worth picking up at these distressed prices. The Midwest generation facilities are coal fired and were previously owned by Com Ed so it is a pretty sure bet that EXC has no interest in these facilities. Reportedly some of the Ameren divestment includes nat gas fired facilities, so there may be some interest in these facilities.
More importantly the washout of weaker hands is likely to mark the bottom of this cycle. These companies have determined that they are no longer willing to sustain losses on these facilities.
FL
0users liked this posts0users liked this posts
Reply
Recent EXC News
- Paramount’s Shares Surge Following Sony and Apollo’s Joint Bid; ISS Backs Berkshire Hathaway Director Re-election, and More • IH Market News • 04/19/2024 11:31:22 AM
- Gov. Pritzker Joins ComEd to Present G&W Electric with Record High $2.6 Million Rebate for Largest Commercial Solar/Storage Installation in Illinois • Business Wire • 04/15/2024 06:30:00 PM
- Chris Crane, Former CEO of Exelon, Passed Away at 65 • Business Wire • 04/14/2024 05:25:00 PM
- PECO to Voluntarily Delist Capital Trust Receipts from NYSE • Business Wire • 04/12/2024 08:05:00 PM
- ComEd, Chicago Park District Invite Illinois Residents to Enter Sweepstakes to Turn on Iconic Buckingham Fountain • Business Wire • 04/10/2024 07:23:00 PM
- ComEd Job Training Programs Graduate Nearly 80 Area Residents • Business Wire • 04/10/2024 03:29:00 PM
- ComEd Announces Elmhurst Substation Expansion Project to Power Regional Economic Growth • Business Wire • 04/10/2024 01:00:00 PM
- ComEd, HIRE360 Accepting New Applications for Take Charge EV Pre-Apprenticeship Program • Business Wire • 03/25/2024 04:46:00 PM
- ComEd Joins Village of University Park, Will County Department of Health, Crete-Monee School District 201U & Other Community Organizations to Bring Support Services Directly to Families in Need • Business Wire • 03/20/2024 06:30:00 PM
- ComEd Refiles Multi-Year Grid Plan to Advance Region’s Economic, Climate and Equity Goals • Business Wire • 03/14/2024 05:57:00 PM
- ComEd Proposes Discount Program to Reduce Energy Burden for Income-Eligible Customers • Business Wire • 03/12/2024 04:31:00 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 03/06/2024 09:17:18 PM
- ComEd Earns National Recognition for Outstanding Outage Management in 2023 • Business Wire • 03/05/2024 07:18:00 PM
- Super Micro Computer and Deckers Outdoor Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600 • PR Newswire (US) • 03/01/2024 11:47:00 PM
- Exelon Announces Retirement of Chief Investment Officer Doug Brown • Business Wire • 02/29/2024 04:00:00 PM
- ComEd’s Innovative Efforts to Support Low-Income Customers Receive North American Industry Award • Business Wire • 02/27/2024 06:55:00 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 02/22/2024 01:47:49 PM
- Exelon Reports Fourth Quarter and Full Year 2023 Results and Initiates 2024 Financial Outlook • Business Wire • 02/21/2024 11:50:00 AM
- ComEd Reminds Customers of Weekend Customer Information System Upgrade • Business Wire • 02/14/2024 08:30:00 PM
- ComEd Announces New EV Rebates for Business and Public Sector Customers; Applications to Open February 15 • Business Wire • 02/08/2024 04:43:00 PM
- Exelon Announces Executive Leadership Changes • Business Wire • 02/06/2024 09:05:00 PM
- ComEd Celebrates 47 New Lineworkers Completing Apprenticeship • Business Wire • 02/02/2024 05:38:00 PM
- ComEd Encourages Residential Customers to Apply for New EV Charger and Installation Rebate • Business Wire • 02/01/2024 05:49:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/31/2024 09:13:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/31/2024 09:12:40 PM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM