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'Exelon Corp. forecast full-year earnings below Wall Street's expectations as the wholesale power plant operator faces continued challenges amid low U.S. natural gas prices.

In presentation slides released ahead of its Thursday analyst meeting, Exelon said it expects 2012 adjusted operating earnings of $2.55 to $2.85 a share, while analysts surveyed by Thomson Reuters most recently estimated per-share earnings at $2.98.'

'Exelon said it plans to identify additional cost management opportunities within the combined company, use project financing for renewable opportunities and maintain flexibility on the timing of generation growth projects.'
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'U.S. natural gas prices, which have pulled power prices to historic lows, are likely to bounce back by 2014 and benefit power sellers, Exelon Corp.'s (EXC) top executive said Thursday.'

'"We're in a trough, but by 2014, we'll start to come back out of the position we're in, with gas prices around $4" a million BTUs, Mr. Crane said, speaking at a meeting with analysts.'
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