Events        Jobs        Contact        Migration Stats        Supplier Lists        Municipal Aggregation
Exelon Reports Gross Margin From Planned New Electric Sales Executed In Q1

May 02,2019



In reporting earnings today, Exelon reported that during the first quarter of 2019 it executed $150 million in "Power New Business" gross margin for 2019, and $50 million for each of 2020 and 2021.

Power New Business includes retail and wholesale planned electric sales, portfolio management new business and mid marketing new business

Exelon's Generation segment (which includes competitive retail) reported that its first quarter of 2019 GAAP Net Income increased to $363 million from $136 million in the first quarter of 2018. Generation’s Adjusted (non-GAAP) Operating Earnings for the first quarter of 2019 decreased to $294 million from $474 million in the first quarter of 2018, primarily due to lower realized energy prices and the absence of the revenue recognized in the first quarter of 2018 related to ZECs generated in Illinois from June through December 2017, partially offset by increased capacity prices.

Tags:
Exelon  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
TPV-SALES-EXECUTIVE -- Back Office Provider -- Other
Sr-Market-Risk-Analyst -- Wholesale Supplier/Trader -- New York - New York City Metro
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
Illinois PIRG Recommends Forcing Exelon To Divest From ComEd, Requiring ComEd TOU Supply Rates
Exelon Generation Announces Intent To Retire Two Illinois Nuclear Plants In 2021
Exelon Joins EPRI and GTI in Initiative Accelerating Low-Carbon Energy Technologies
DOJ: ComEd, "Agrees to Pay $200M to Resolve Federal Criminal Investigation Into Bribery Scheme"
Exelon Formally Files For FERC Approval To Acquire EDF Stake In Co-owned Nuclear Plants


comments powered by Disqus





Advertise here:
Email retailenergyx@gmail.com


Events Jobs Contact Migration Stats Supplier Lists Municipal Aggregation

About Disclaimer Privacy Terms of Service

Home


Developed by: Avidweb Technologies inc.