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Wells Fargo cuts its ratings on NextEra Energy (NEE), Public Service Enterprise (PEG) and...

Wells Fargo cuts its ratings on NextEra Energy (NEE), Public Service Enterprise (PEG) and Southern (SO) to Market Perform and cuts longer-term earnings estimates for several diversified power companies including Exelon (EXC) and Constellation (CEG), citing deterioration in the fundamental outlook sparked by a drop in power prices since October in the wake of lower natural gas costs.
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