Hints and tips:
...As Tom Hoenig, now vice-chairman of the Federal Deposit Insurance Corporation, once told the banks: “You’re a public utility, for crying out loud.”...
...This week the third largest independent was created when PPL Corporation separated its generation business from its utility....
...Unisys, Exelon and United Technologies also succeeded in getting courts to throw out the 401(k) litigation against them....
...Duke Energy fell 0.4 per cent to $68.58, Exelon dropped 1.1 per cent to $30.02, and PPL Corporation lost 1.1 per cent to $30.16....
...Nearly all of the largest US utilities companies joined the sell-off with the Southern Company off 1.7 per cent to $40.62, Duke Energy down 1.4 per cent to $66.33 and Exelon Corporation 1.7 per cent lower...
...Exelon declined 2.6 per cent to $30.40, NRG Energy fell 2.5 per cent to $26.44 and PPL Corporation lost 1.8 per cent to $28.45....
...Exelon said it “continually evaluates all opportunities to add value for our shareholders, including M&A”....
...Areva confirmed on Sunday that this would include state-owned China Guangdong Nuclear Power Corporation....
...“It is probably somewhat far-fetched to think a large corporation is going to run the risk of angering some segment of the population by taking out political ads....
...They include Calpine, Entergy, Florida Power and Light and PG&E Corporation....
...Mirant Corporation, the Atlanta-based electricity producer, on Tuesday night made an $8bn unsolicited approach to take over rival NRG Energy in a deal that would create the largest non-utility power company...
...The more favourable regulatory environment has led to a series of deals, including Exelon’s $13bn bid for PSEG, Duke’s planned acquisition of Cinergy and FPL’s $11.5bn purchase of Constellation Energy....
...This has opened up more opportunities for growth through acquisition, and the sector has recently seen Exelon’s $13bn bid for PSEG, Duke’s planned acquisition of Cinergy and FPL’s $11.5bn purchase of Constellation...
...Large corporations have been among the biggest donors to the assistance efforts, contributing $42m so far, with companies and foundations offering more than $100m in aid to survivors....
...The commission included leading executives from industries traditionally reluctant to endorse ambitious emission restraints, including John Rowe, chairman and chief executive of Exelon Corporation, Archie...
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