Exelon Corporation and First Energy Corp. Fly Higher on Positive Pricing Outlook


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NYSE:EXC / NYSE:FE
05/28/2014 [ACCESSWIRE]

Exelon Corporation (NYSE: EXC) closed up 5.56% on Tuesday and was one among a few power supply stocks that rose after a positive pricing outlook tied to a recent auction to procure power supplies in all or parts of 13 states and Washington, D.C. According to news reports, payments to electricity producers will rise to $120 per megawatt per day from $59.37 in the previous 12-month period.

FirstEnergy Corp., a diversified energy company, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, nuclear, oil and natural gas, and wind and solar power generating facilities.

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FirstEnergy Corp. (NYSE: FE) shares jumped from a positive pricing outlook, which is tied to a recent auction to produce power supplies in Washington, DC and 13 other states. Based on the results of the annual auction payments to electricity producers will increase to $120 per megawatt per day from $59.37 for the previous year.

FirstEnergy Corp., a diversified energy company, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, nuclear, oil and natural gas, and wind and solar power generating facilities.

Get more information on FirstEnergy Corp. and free access to the in depth equity report at” www.TrendingWallStreet.com/stockquote/FE

 

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