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Stock Market & Financial Investment News

News Breaks
February 28, 2014
16:32 EDTEXCExelon subsidiary to receive $355M in early termination agreement
On February 26, Exelon subsidiary UII and the City Public Service Board of San Antonio, Texas, or CPS, finalized an agreement to terminate a coal-fired generating station lease, and other related agreements, prior to their expiration dates. The termination agreement provides for UII to receive a net early termination amount of $335M from CPS, which UII believes is a sufficient amount such that it is in Exelon’s best interest to terminate the lease, due in part to certain economic uncertainties with respect to the end of lease term options, including the likelihood of UII incurring significant capital expenditures and increased operational risk. The termination of the lease will result in a net loss at UII, which is not material, and a tax payment of approximately $285M by Exelon and its subsidiaries in 2014, including approximately $150M by Commonwealth Edison Company.
News For EXC From The Last 14 Days
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February 9, 2016
15:48 EDTEXCExelon may consider walking away from Pepco acquisition, says dealReporter
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February 3, 2016
08:06 EDTEXCExelon plans to raise dividend 2.5% each year for next three year
"Despite a challenging year for the sector, strong operating performance at both our utilities and our generation business enabled us to deliver strong earnings. We will provide stable growth, sustainable earnings and an attractive dividend through a combination of regulated and contracted investments and return of capital. Consistent with this strategy, we plan to grow our dividend 2.5 percent each year over the next three years," said Exelon President and CEO Christopher Crane. Exelon's board declared a first quarter dividend of 31c per share and approved a revised dividend policy. The approved policy would raise its dividend 2.5% each year for the next three years, beginning with the June 2016 dividend. The board will take formal action to declare the next dividend in the second quarter, the company said.
08:04 EDTEXCExelon sees FY16 adjusted EPS $2.40-$2.70, consensus $2.52
Operating earnings guidance is based on the assumption of normal weather, which is determined based on historical average heating and cooling degree days for a 30-year period in the respective utilities' service territories.
08:03 EDTEXCExelon reports Q4 adjusted EPS 38c, consensus 41c
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February 2, 2016
08:42 EDTEXCExelon volatility elevated into Q4 and outlook
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