Exelon (EXC)

Exelon Generation today announced that the Old Dominion Electric Cooperative awarded it a ten-year contract commencing on June 1, 2010 to provide 200 MWs of baseload generation capacity and energy. ODEC awarded Exelon the deal as a result of a competitive bidding process it initiated in June 2009.
The long-term contract with ODEC fits squarely within Exelon's hedging program designed to manage market risks to maintain the value of its generation portfolio. It also shows that there are opportunities for competitively priced long-term bilateral contracts.

Nov 5 · 11:55:00 AM · Source: Reuters
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by Michael Oliveto