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Author: jandctl One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 220  
Subject: Lowered 2012 Estimates Date: 6/25/2012 6:52 PM
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EXC lowered FY12 operating earnings to $2.55 - $2.85. At a p/e of 15 the stock price would calculate $38.25 - $42.75.

Interest rates on the long end of the treasury curve are biased down - for now. I think the 15 multiple has upside for this reason as well as a few others.

EXC now generates 55% of its power from nuclear, 24% from natural gas, and 8% from renewable/hydro (from the website). It's going to sell 3 Maryland coal plants - cheap - as coal is becoming onerous due to EPA rule making. Utilities may retire 33,000 MW of coal-fired generation.

Natural gas prices are beginning to recover.

PECO and BGE regulated customers are in close proximity to Marcellus gas.
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