Exelon upgraded to Hold from Underperform at Jefferies Jefferies upgraded Exelon to Hold citing an commodity outlook for forward power prices. The firm raised its price target for shares to $37.50 from $29.
News For EXC From The Last 14 Days
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ComEd to refund customers $46.2M, stemming from settlement of legal cases ComEd, a unit of Exelon, announced that it will refund customers $46.2M. The refunds stem from settlement of long-pending legal cases brought by the Illinois Attorney Generalís Office, Citizens Utility Board and the Illinois Industrial Energy Consumers on issues related to depreciation costs in ComEdís 2007 rate case filing and from costs in the companyís smart meter pilot project in 2009. Average refunds for residential customers will total approximately $8 and will appear as a credit on November bills.