Exelon Corporation Q4 2005 Earnings Conference Call Transcript (EXC)

Exelon Corporation (EXC)
Q4 2005 Earnings Conference Call
January 25th 2006, 11:AM.

Executives:

Michael Metzner, Vice President and Treasurer
John Young, EVP Finance and Markets
John Rowe, Chairman, President and Chief Executive Officer
Randy Mehrberg, General Counsel
Ian McLean, Exelon Power Team - President

Analysts:

Kit Konolige, Morgan Stanley
Paul Patterson, Glenrock Associates
Greg Gordon, CitiGroup
Ashar Khan, SAC Capital
Josh Elvin, Board Abbitt
Steve Fleishman, Merrill Lynch
Paul Ridzon, Key McDonald
Daniele Seitz, Dahlman Rose
David Schanzer, Janney Montgomery
Hugh Wynne, Sanford Bernstein
Vic Khaitan, Deutsche Asset Management
Zack Schreiber, Duquesne Capital

Presentation

Operator

Good morning, ladies and gentlemen. My name is Cyndia, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Exelon Corporation Fourth Quarter 2005 Earnings Release Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer period. If you would like to ask a question during this time, please press “*