Due to higher expenses, Exelon Energy’s third-quarter earnings have dropped from last year. The latest reports show income decreasing from 780 million, or $1.15 a share a year ago to $700 million, or $1.06 per share. Although this was below analyst’s expectations of $1.13/share, the decrease was partially due to some one-time big ticket expenses. as BullishBankers.com notes below:
During the last quarter, Exelon also encountered a few special items including an $80 million
Exelon, a power company with the nation’s largest fleet of nuclear reactors, made an all-stock bid to NRG Energy late Sunday, according to CNN Money. The deal would widen Exelon’s geographic reach, and also help improve NRG’s credit rating. The smaller company has about 8 million in debt. Here are some more details about the bid, from CNN Money
Chicago-based Exelon said in a press release that it had offered 0.485 of an