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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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September 1, 2015
08:05 EDTEXCExelon announces outcome of 2016-2017 PJM transition auction
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August 31, 2015
08:05 EDTEXCExelon, Pepco issue statement on District of Columbia order
Exelon (EXC) and Pepco Holdings (POM) issued the following statement in response to the Public Service Commission of the District of Columbia's order on the companies' proposed merger: "We have now received the Commission's order, and we remain convinced the decision fails to recognize the substantial immediate and long-term benefits of our merger proposal to citizens, businesses and communities in the District of Columbia. We believe our merger proposal is in the public interest, and we will continue working to complete the merger, which all other jurisdictions have approved. Not completing our merger would deny customers in the District of Columbia - as well as Delaware, Maryland and New Jersey - hundreds of millions of dollars in direct financial benefits, improved reliability and storm response, renewable energy projects, and commitments that will preserve their local utility's role as a strong community partner and contributor to economic growth. We want to deliver these benefits to customers and will strive to make that happen."
07:15 EDTEXCExelon Pepco merger has less than 50% chance of completion, says Wells Fargo
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August 28, 2015
16:29 EDTEXCStocks end volatile week higher as China whipsaws U.S. market
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August 25, 2015
16:43 EDTEXCOn The Fly: Top stock stories for Tuesday
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13:55 EDTEXCExelon downgraded to Neutral from Buy at Guggenheim
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12:42 EDTEXCExelon, Pepco to review options regarding D.C. commission decision
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12:20 EDTEXCOn The Fly: Top stock stories at midday
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12:08 EDTEXCOptions with increasing volume: EXC POM MDLZ EWJ WBA MW F KMI
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12:00 EDTEXCPublic Service Commission of D.C. denies Pepco/Exelon merger application
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11:34 EDTEXCPepco plunges after D.C. commission rejects Exelon merger
The Public Service Commission of the District of Columbia voted 2 to 1 that the merger of Pepco Holdings (POM) and Exelon (EXC) is not in the public interest and that Exelon failed to prove the benefit to customer. Following the news, Pepco shares have dropped 15% to $22.96, while Exelon shares are down nearly 3% to $31.70.
11:31 EDTEXCD.C. PSC rejects Exelon, Pepco Holdings merger
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11:28 EDTEXCPepco Holdings, Exelon drop sharply
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August 24, 2015
08:03 EDTEXCExelon announces outcome of 2018-19 PJM capacity auction
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August 21, 2015
17:29 EDTEXCPJM releases results for 2018-2019 PJM Interconnection capacity auction
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