International Business News - EXC http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif It appears unlikely that Pennsylvania utilities and state lawmakers will reach an agreement this year on legislation to cut billions of dollars off the electric bills for millions of customers. http://www.ibtimes.com/articles/20081008/efforts-to-win-pa-utility-rate-cuts-stall.htm Wed, 08 Oct 2008 11:02:29 EDT Jackie Young was always good at math and science, but when she started college she never figured she'd end up pursuing a career in nuclear energy. Then professors at the University of Tennessee's nuclear engineering department briefed her and other undeclared freshmen about what they call a "nuclear renaissance" as the nation prepares to build dozens of new plants in coming years to meet burgeoning energy needs and wean the country off oil. http://www.ibtimes.com/articles/20081006/nuclear-renewal-spurs-demand-for-engineers.htm Mon, 06 Oct 2008 10:43:39 EDT Shares of coal companies tumbled Friday after the government said coal production dropped 3 percent last week. The Energy Information Administration said Friday that total U.S. coal production fell by 700,000 tons, or 3 percent, to 22.6 million tons for the week ended Sept. 20. Production still remains above the 22.2 million tons produced for the week ended Sept. 22, 2007. http://www.ibtimes.com/articles/20080926/sector-snap-coal-stocks-tumble.htm Fri, 26 Sep 2008 12:15:01 EDT Electric rate increases are back on the horizon for Illinoisans, but consumer advocates said they don't expect the kinds of jumps that unnerved consumers last year and prompted lawmakers to negotiate a $1 billion relief package. http://www.ibtimes.com/articles/20080926/groups-ill-electricity-rates-wont-soar-in-08.htm Fri, 26 Sep 2008 12:08:41 EDT _ Energy utility Exelon Corp. spent nearly $1.2 million in the second quarter to lobby on tax credits for renewable energy sources and other issues, according to a recent disclosure report. http://www.ibtimes.com/articles/20080924/exelon-spent-1-2m-lobbying-government-in-2q.htm Wed, 24 Sep 2008 12:20:25 EDT Shares of utilities jumped Thursday morning after embattled Constellation Energy Group Inc. agreed to a buyout and the broader markets rebounded following steep drops earlier this week. http://www.ibtimes.com/articles/20080918/utilities-rebound-on-constellation-buyout-news.htm Thu, 18 Sep 2008 10:22:20 EDT Regulated utilities remain an attractive investment in a low-interest rate environment given expected net income growth of up to 9 percent, a Goldman Sachs analyst said Tuesday. http://www.ibtimes.com/articles/20080916/ahead-of-the-bell-regulated-utilities.htm Tue, 16 Sep 2008 08:31:02 EDT Shares of most utilities dropped Monday morning after Hurricane Ike ripped through southern Texas, widely disrupting power, and the broader markets tumbled on concern about the financial sector. http://www.ibtimes.com/articles/20080915/shares-of-utilities-slide-after-ike-cuts-power.htm Mon, 15 Sep 2008 11:50:52 EDT ComEd customers in Illinois will soon pay 6 percent more, but a consumer group plans to appeal the decision to increase utility bills. The Illinois Commerce Commission approved the delivery rate hike for the utility giant Wednesday, adding about $4.50 to the average consumer's bill. http://www.ibtimes.com/articles/20080910/comed-utility-rates-to-rise-for-illinois-customers.htm Wed, 10 Sep 2008 14:09:32 EDT Pennsylvania Gov. Ed Rendell said Tuesday he would have "no choice" but to push for an extension of the electricity rate caps if state lawmakers don't approve legislation to help ease the effect that rate increases would have on consumers. http://www.ibtimes.com/articles/20080909/pa-governor-may-seek-to-extend-electric-rate-caps.htm Tue, 09 Sep 2008 17:19:52 EDT A Jefferies & Co. analyst upgraded Exelon Corp. Thursday, saying the energy utility's stock price discounts highly conservative gas price assumptions. http://www.ibtimes.com/articles/20080904/ahead-of-the-bell-analyst-upgrades-exelon.htm Thu, 04 Sep 2008 09:06:03 EDT Energy utility Exelon Corp. boosted its adjusted 2008 earnings forecast Thursday, but to a range just under Wall Street's expectations. For the year the company expects to earn $3.90 to $4.30 per share in 2008, up from a previous forecast of $3.70 to $4.10 per share. http://www.ibtimes.com/articles/20080904/exelon-boosts-08-outlook-to-range-below-street.htm Thu, 04 Sep 2008 08:37:06 EDT Exelon Corp. said Thursday its board has approved the repurchase of up to $1.5 billion of outstanding common stock within six months. "We have an increasingly strong cash flow profile and balance sheet, which allow us to pursue new growth opportunities and return value to our shareholders, such as through this stock buyback," said John W. Rowe, Exelon's chairman, president and chief executive, in a statement. http://www.ibtimes.com/articles/20080904/exelon-to-buy-back-1-5b-in-common-stock.htm Thu, 04 Sep 2008 08:03:46 EDT Exelon Corp. subsidiary PECO on Thursday said it has reached a settlement with six groups that would allow it to raise natural gas rates by 7.6 percent for residential customers. http://www.ibtimes.com/articles/20080821/exelon-unit-peco-reaches-deal-on-rate-hike.htm Thu, 21 Aug 2008 19:44:38 EDT Energy utility Exelon Corp. on Friday said John A. Canning Jr., chairman of the Federal Reserve Bank of Chicago, will join its board of directors. Canning, 64, also serves as chairman and co-founder of private equity firm Madison Dearborn Partners LLC. http://www.ibtimes.com/articles/20080801/john-canning-joins-exelon-board.htm Fri, 01 Aug 2008 17:40:44 EDT Energy utility Exelon Corp. said Wednesday its second-quarter profit rose 7 percent due in part to better margins at a nuclear unit. For the period ended June 30, the company posted profit of $748 million, or $1.13 per share, compared with earnings of $702 million, or $1.03 per share, in the year-ago period. http://www.ibtimes.com/articles/20080723/exelon-2q-profit-up-as-nuclear-margins-improve.htm Wed, 23 Jul 2008 09:41:50 EDT An apparent malfunction in the heating and cooling system of a pool killed 16 stingrays at a suburban Chicago zoo, officials said. Brookfield Zoo employees found the dead fish early Monday. They were among 32 stingrays in a temporary summer exhibit at the facility that also included nurse sharks, white-spotted bamboo sharks and horseshoe crabs. http://www.ibtimes.com/articles/20080716/16-stingrays-found-dead-at-illinois-zoo.htm Wed, 16 Jul 2008 09:17:39 EDT Exelon Corp. said Tuesday that it plans to slash its greenhouse gas emissions and those of its customers within 12 years to levels below what one of the nation's largest power generators currently emits every year. http://www.ibtimes.com/articles/20080715/exelon-to-slash-greenhouse-gases-by-2020.htm Tue, 15 Jul 2008 17:24:03 EDT The Electric Power Supply Association spent $220,000 in the first quarter lobbying on energy issues, according to a disclosure report. The trade group, which represents electricity generators such as NRG Energy Inc., AES Corp., Exelon Corp., Mirant Corp., Constellation Energy Group Inc. and Reliant Energy Inc., lobbied on issues related renewable energy, fuel diversity, climate change and tax incentives. http://www.ibtimes.com/articles/20080708/power-supply-group-spent-220k-lobbying-in-1q.htm Tue, 08 Jul 2008 13:37:28 EDT Teco Energy Inc. led Standard & Poor's 500 Index utility stocks higher in the second quarter, as investors flocked to the stock as coal prices soared. http://www.ibtimes.com/articles/20080630/teco-energy-leads-utility-gains-in-2q.htm Mon, 30 Jun 2008 13:22:39 EDT