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eXcelon Corporation history
eXcelon Corporation company history timeline
Also in 1990, at a time when customers were growing increasingly unhappy with paying some of the nation's highest rates, the utility's franchise term with the city of Chicago was due to expire.
In 1990, the company's net income fell to $128 million, or 22 cents per share, from the previous year's $693 million, or $2.83 per share, largely because of court-ordered refunds and rate rollbacks.
The company's costs were still high, and with a series of lawsuits on the verge of settlement ComEd cut its dividend in 1992 by a whopping 47 percent.
The importance of nuclear generation to Philadelphia Electric's operations was reflected in the fact that the nuclear segment of the company's total electric power output was 60 percent in 1993.
1994: PE adopts the name PECO Energy Company; ComEd becomes part of a new holding company, Unicom Corporation.
In January 1998, ComEd finally moved to permanently close its Zion plant, and the following month CEO O'Connor stepped down.
Even as PECO faced increased competition, earnings per share during 1999 grew by 17 percent, which was more than double the industry average at the time.
To that end he sold 16 of ComEd's non-nuclear plants for $4.8 billion in early 1999, while the company also sought approval of a $3.4 billion bond issue.
Then, in March 2002, co-CEO McNeill announced his resignation amid rumors that he was unable to see eye-to-eye with Rowe on the expansion direction of the company.
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eXcelon Corporation competitors
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| Rockhammer Talent Solutions | 2013 | $3.3M | 125 | - |
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| Rational Enterprise | 2006 | $3.4M | 64 | - |
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| VMware | 1998 | $13.4B | 31,000 | 2 |
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eXcelon Corporation history FAQs
Zippia gives an in-depth look into the details of eXcelon Corporation, including salaries, political affiliations, employee data, and more, in order to inform job seekers about eXcelon Corporation. The employee data is based on information from people who have self-reported their past or current employments at eXcelon Corporation. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by eXcelon Corporation. The data presented on this page does not represent the view of eXcelon Corporation and its employees or that of Zippia.
eXcelon Corporation may also be known as or be related to Excelon Associates and eXcelon Corporation.