Exelon Corp. contains both regulated utilities and a less-regulated generation division.
The company has done well convincing state governments in Illinois and New York to subsidize their nuclear plants as a clean energy initiative.
The generation division still faces risks from low market prices and regulatory uncertainty from FERC in how capacity auctions are conducted.
Although EXC's share price has dropped 12% since early June, I would avoid it until these risks are resolved.
Exelon Corporation (EXC) is a mix of a merchant electrical generation unit with four regulated utilities operating in Chicago and the Mid-Atlantic region (ComEd, PECO, BGE, and PHI). A high percentage of