Tuesday, January 26, 2010

Weak demand cuts into Peco parent’s 4Q profits

From the Philadelphia Inquirer:
Exelon Corp., parent company of Peco Energy Co. and one of the nation's largest power generators, said today that its fourth-quarter profit fell 18 percent on weak electrical demand.

After the Chicago company's stock sank - at midafternoon, it was down 2.06 percent to $47.06 - Exelon chief executive John W. Rowe cast the earnings report as "nothing but good news" that "bodes well" for the current year.

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