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.Read more
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.
Tuesday, January 26, 2010
Weak demand cuts into Peco parent’s 4Q profits
From the Philadelphia Inquirer: