$200 million rate cut by Peco

Article Abstract:

Philadephia, Penn.-based Peco Energy Co. has announced a plan to retain nearly all employees at its Market Street headquarters and cut utility rates by $200 million over the next four years. Peco, which is seeking approval for its $7.8 billion merger with Chicago, Ill.-based Unicom Corp., reported the plan to the Pennsylvania Public Utility Commission.

Strategy & planning

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Who's in the game for AT and T Broadband?

Article Abstract:

Comcast Corp.'s bid of $51.3 billion for AT and T Broadband has inspired interest in other possible bidders. Some companies which might be interested are AOL Time Warner, Walt Disney Co., Charter, Cox and Vivendi Universal.

Diversified Companies, Asset sales & divestitures, Acquisitions & mergers, France, Cable Television Systems, Cable Networks, Cable and other pay TV services, Radio and Television Broadcasting, Radio & TV Broadcasting, AOL Time Warner Inc., Cable television broadcasting industry, Cable television, Comcast Corp., CMCSA, Broadcasting industry, Broadcasting, Walt Disney Co., DIS, Charter Communications Inc., Cox Communications Inc., Comcast Cable Holdings L.L.C., Vivendi S.A., COX, CHTR

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Peco's earnings soar, lifted by a warm May

Article Abstract:

Peco Energy Co. announced that its second-quarter earnings increased 80%, to $119 million, because it was able to sell more electricity at higher wholesale rates to other utilities and big energy users.

Sales, profits & dividends

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