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This split could be a short-term bloodbath...
IMHO. GLTA.
News: $EXC ComEd Brings Assistance Information to Furloughed Federal Employees
Information available on setting up assistance and applying for grants ComEd representatives will be onsite at O’Hare International Airport Saturday, Jan. 26, from 10 a.m. to 2 p.m., to assist federal employees who may be struggling to cover their energy expenses following the ...
In case you are interested https://marketwirenews.com/news-releases/comed-brings-assistance-information-to-furloughed-federal-employees-7551170.html
News: $EXC Reliability Improves by More Than 60 Percent Since 2012 for ComEd Customers
Smart grid and system improvements help avoid more than 11 million outages and produce $2.1 billion in societal savings ComEd’s smart grid investments are delivering consistent reliability for northern Illinois residents and businesses. In 2018, ComEd customers experienced powe...
In case you are interested https://marketwirenews.com/news-releases/reliability-improves-by-more-than-60-percent-since-2012-for-comed-customers-7548706.html
5yr DCF implies Exelon $EXC has 12% upside before earnings Wednesday:
DCF Valuation
The D.C. water and sewer authority is the latest city agency to come out against a revised settlement that would allow Exelon (NYSE:EXC) and Pepco (NYSE:POM) to merge.
The long-delayed merger of Exelon (NYSE:EXC) and Pepco Holdings (NYSE:POM) appears headed for clearance by the D.C. Public Service Commission by the end of this month, according to a report by CTFN.
Exelon (EXC +1.9%) is on the verge of a tentative agreement with the mayor of Washington, D.C., on its $6.8B proposal to buy Pepco (POM +1.3%), Bloomberg reported over the weekend.
The draft agreement is said to include more customer credits than EXC and POM initially proposed, and would require EXC to establish a second headquarters in D.C., where POM already is based.
An agreement with the mayor’s office would mark a step forward in EXC’s attempt to resurrect its bid for POM after the D.C. Public Service Commission rejected the deal in August, saying the terms would not benefit customers.
Earlier: Pepco, Exelon ask D.C. regulator to reconsider merger rejection (Sep. 28)
Exelon (EXC +0.5%) says it will defer any decisions about the future operations of its Quad Cities and Byron nuclear plants for one year, after all ts nuclear plants in the PJM market cleared in the transition capacity auction for the 2017-18 planning year.
Exelon (EXC -2.1%) says all its Illinois nuclear plants in PJM cleared in the transition capacity auction for the 2016-17 planning year, which means the plants, including the economically troubled Cordova plant, can sell supplemental power to the grid.
Exelon (NYSE:EXC) and Pepco (NYSE:POM) say they will continue to push their merger proposal after D.C. utility regulators rejected the $6.8B deal last week, arguing that it would offer long-term benefits to their customers and is in the public interest.
Exelon (NYSE:EXC) says its Oyster Creek, Quad Cities and Three Mile Island nuclear power plants did not clear in the PJM capacity auction for the 2018-19 planning year.
Exelon (EXC +3.3%) and Pepco Holdings (POM +8.7%) spike higher on news that Maryland's Public Service Commission conditionally approves their $6.9B merger by a 3-2 vote.
$EXC DD Notes ~ http://www.ddnotesmaker.com/EXC
bullish
quick trade
$EXC recent news/filings
## source: finance.yahoo.com
Tue, 23 Dec 2014 11:06:31 GMT ~ EXELON CORP Files SEC form 8-K, Other Events
read full: http://biz.yahoo.com/e/141223/exc8-k.html
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Mon, 22 Dec 2014 21:13:00 GMT ~ ’85 Chicago Bears Help ComEd Tackle Refrigerator Recycling
[Business Wire] - One lucky ComEd customer received a gift fit for a champion this holiday season. ComEd teamed up with WBBM radio to host the “Retire Your Old Fridge” contest, which awarded a ComEd customer for participating in its Smart Ideas® Fridge and Freezer Recycling program.
read full: http://finance.yahoo.com/news/85-chicago-bears-help-comed-211300405.html
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Thu, 18 Dec 2014 17:03:34 GMT ~ National Hockey League Names Constellation Its Official Energy Provider, Will Offset Carbon Footprint Across All 30 Team Markets
[Marketwired] - In keeping with its priorities to reduce its environmental impact and accelerate a greater movement toward a healthier planet, the National Hockey League today named Constellation, a leading competitive ...
read full: http://finance.yahoo.com/news/national-hockey-league-names-constellation-170334829.html
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Tue, 16 Dec 2014 15:16:00 GMT ~ Five Local Environmental Youth Projects Receive $50,000 in PECO Green Region Grants
[Business Wire] - From growing community herb gardens to building outdoor nature classrooms, PECO is awarding $50,000 in grants to local environmental projects to celebrate the 10th anniversary of the PECO Green Region program.
read full: http://finance.yahoo.com/news/five-local-environmental-youth-projects-151600544.html
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Mon, 15 Dec 2014 17:41:00 GMT ~ BGE Provides 360 Energy Saving Trees to Baltimore City through the Arbor Day Foundation to Promote Energy Efficiency and Make a Positive Impact on the Environment and the Chesapeake Bay Watershed
[Business Wire] - Many times the importance of trees during the winter time is overlooked, however, trees provide energy savings for customers year-round and are essential for the health of the local ecosystem and the Chesapeake Bay watershed.
read full: http://finance.yahoo.com/news/bge-provides-360-energy-saving-174100881.html
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$EXC charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$EXC company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/EXC/company-info
Ticker: $EXC
OTC Market Place: Not Available
CIK code: 0001109357
Company name: Exelon Corp.
Company website: http://www.exeloncorp.com
Incorporated In: PA, USA
$EXC share structure
## source: otcmarkets.com
Market Value: $32,530,741,620 a/o Dec 24, 2014
Shares Outstanding: 859,464,772 a/o Sep 30, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$EXC extra dd links
Company name: Exelon Corp.
Company website: http://www.exeloncorp.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/EXC/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/EXC/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=EXC+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=EXC+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=EXC+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/EXC/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/EXC/news - http://finance.yahoo.com/q/h?s=EXC+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/EXC/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/EXC/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/EXC/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/EXC/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/EXC/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/EXC/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/EXC/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/EXC/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=EXC+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/EXC
DTCC (dtcc.com): http://search2.dtcc.com/?q=Exelon+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Exelon+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Exelon+Corp.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.exeloncorp.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.exeloncorp.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.exeloncorp.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/EXC/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/EXC
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/EXC/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/EXC/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/EXC/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001109357&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/EXC/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/EXC/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/EXC/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/EXC/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=EXC&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=EXC
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/EXC/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=EXC+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=EXC+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=EXC
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=EXC
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=EXC+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/EXC/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=EXC+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/EXC.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=EXC
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/EXC/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/EXC/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/EXC/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/EXC/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/EXC
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/EXC
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/EXC:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=EXC
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=EXC
$EXC DD Notes ~ http://www.ddnotesmaker.com/EXC
$38 broke today Merry Christmas and happy holidays to all EXC holders..... its been a long time come but it seem we will be trading in the $40s and up in 2015
Just was reading through old posts on EXC.....That's because it is not a green friendly statement....lol.....Yackhoo is a liberal media outlet....Big business is political and never doubt it for a second...
EXC - What a disappointment this company has been..... How many recovered while this has done absolutely zip since the crash.... Just came upon the ticker and looked again....
PPS should go up when dividend goes down on a growth stock. Is this a value stock?
Earnings details
guidance of $0.60 to $0.70 per share for the third quarter of operating earnings and reaffirming full year guidance of $2.35 to $2.65 per share
http://www.earningsimpact.com/Transcript/82356/EXC/Exelon-Corporation---Q2-2013-Earnings-Call
RBC-Capital-Markets-Global-Energy-Power-Conference
Interesting remarks.. worth reading..
read here
Well, EXC cut it's dividend recently and it brought the share price down. Right now, I'm down $4.00 on 6,100 shares. So much for a safe dividend investment!
Got their Annual Report and proxy statement. The recent huge trimming in the dividend rate AND decline in share price gave me no other choices but to vote AGAINST all directors and AGAINST any executive compensation plans.
Too bad the shareholder meeting is not in Chicago this year, as I know many retirees and shareholders would attend and show their displeasures.
Let's hope the new dividend is 'SAFE' for this year and perhaps EXC can move the dividend rate up next year.
Another post that the Yahoo board would not allow.
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
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ICC Decision
For Some Reason Yahoo will not allow me to post. So I'll post here.
Today's Chicago trib indicated that Com Ed received unanimous ICC approval to delay the roll out of smart meters until 2015. Starting in Jan 2013 Com Ed will begin collecting the grid modernization surcharge equivalent to about $1.48 per average bill of $82.
I guess that even the ICC realized it was unfair to remove $2.6 billion of upfront grid modernization money and still expect EXC to proceed with the modernization effort on schedule. The delay will let EXC accrue funds to proceed with the modernization effort.
I wonder to what extent the dividend cut cut posturing by EXC has helped convince the ICC to change direction. Either way, the EXC div just got a little safer.
FL
I feel that EXC is due for a rebound for the following reasons:
1) 5200 MW of Power production capacity appears poised to come out of the Chicago market as Midwest generation is in default of their bond payments (see link below) and is teetering on the brink of bankruptcy. Because coal is at an economic disadvantage due to pricing it is unlikely that any other producers will step in and make the $700 million in improvements necessary to comply with the Clean Air Act. Over capacity in the Midwest power generation market has been the chief thorn in EXC's side.
http://www.reuters.com/article/2012/11/20/idUSWNA980120121120
2) Nat gas prices are now at $3.90 mmBTU and have doubled since earlier this year. The nat gas rig count has dropped precipitously as drillers are now pursuing oil rather than nat gas. I believe the nat gas producers are looking for prices to stabilize in the $4-$5 area. A couple of months ago the Cleveland Plain Dealer indicated that First Energy and Dominion were pricing 2013 power generation $5.50 MWhr reflecting the uncertainty in nat gas pricing. I believe the pricing is approaching the threshold where EXC's nuclear plants are competitive, especially if weaker players like Midwest Generation exit the market.
3) EXC's share price appears to be finding support at $28 which is approximately a 76% retracement from the $90 highs achieved in early 2008. I would not be surprised to see a retest of this Fibonacci support level. I would view such a dip as an opportunity to buy. I have filled out most of the position I desire in the past week.
4) The Obama administration is likely to make carbon tax and global warming a part of the agenda. Thus Coal burning plants are unlikely to get significant relief from the Clean Air Act and USEPA enforcement.
Illinois has allowed municipalities to seek bids from power suppliers. EXC has lost power generation contracts for many of the Chicago suburbs. Some of this is a result of some of their hedging strategies. Reportedly, many of these hedges expire in 2013 allowing EXC to price contracts more aggressively and profitably. As indicated previously, the competition which relies on nat gas generation capacity will likely increase rates for the rebids since the feedstock prices are increasing. Chicago is reportedly bidding the City's contract before year end. I think they missed the boat and will not see as sizeable a decrease in power supply rates as was gained by the suburbs. More importantly, I suspect that EXC will win this contract and it will put a solid floor in under the EXC share price (at least I have invested accordingly). It is important to recognize that the Chicago market is large and their are few companies with sufficient available capacity to reliably serve this market. Thus, EXC is well situated for this bid.
The dividend may be trimmed however, EXC has less debt than most other elec utilities making it likely that they can maintain the dividend longer than most.
FL
Todays Chi Tribune indicates that the Emanuel administration has brokered a deal to shut down the 2 remaining coal burning power plants located in Chicago. The Fisk plant will close by the end of this year, the Crawford plant by the end of 2014. Midwest indicated that based on the current market conditions,the Waukegan and Joliet plants are unlikely to be upgraded and would likely close before the end of 2014. The State Line plant in Hammond has already closed. This looks to be a substantial slice of the coal burning plant competition that EXC has faced in the Chicago area.
It looks like the cheap nat gas generated electricity is taking a big bite out of the economics of coal burning to generate electricity. They simply cannot justify the air emission upgrade costs when the competition from low price nat gas plants is so fierce.
I bought a small stake in EXC this morning. I'm figuring that the elimination of coal burning plants combined with Congresses elimination of the wind generation tax credits last week will eliminate or at least slow competing cheap power sources and start to stabilize the market.
The nat gas producers (See CHK) are starting to curb output in order to stabilize prices. These factors could lead to power pricing improvements.
On the distribution side, I'm hopeful that EXC can execute the grid improvements efficiently (the IL general Assembly approved rate hikes to modernize the Illinois grid in December)so that should help EXC distribution profitability or at least reduce the drag of having to maintain the grid.
Nat gas pricing is the key and I can't believe it can go much lower from here.
FL
http://www.fiskandcrawford.com/about.html
http://chicagoist.com/2012/02/29/deal_reached_to_shut_down_fisk_craw.php
UP UP AND AWAY.
gotta love the protection of a fat dividend, and a fslr kicker in a month or so when they pay 75,000,000 to exc.
First Solar would have to refund Exelon's $75 million.
i expect that to be returned to share holders as a special dividend.
this story just gets better and better.
EXC below $40 is a great buy.
I like this for a six month trade: One could buy 100 shares for $3,984 and write a JUL 42 call for 45¢ bringing the effective price for 100 shares down to $3,939. Add to that the May dividend of .525 and the basis on the trade is down to $3,886.50. Should EXC trade above $42 by expiration, the 100 shares get called for $4,200 giving the trade an annualized yield of a little over 16%... Not too shabby.
Should EXC languish below $42 by expiration, you keep the premium and have added 100 shares in a stock you want to own anyway at a cost of $39.39 per share. That produces an effective yield of 5.33% on those particular shares.
Those numbers are based on Friday's close and a trade like this is best done in a non-tax account.