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Exelon Corp., parent company of Commonwealth Edison, beat analyst estimates by a couple of pennies with first-quarter operating earnings of 67 cents per share or $452 million, compared with 61 cents per share or $406 million in the first quarter of 2004. Net income for the first quarter of 2005 was $521 million, or 77 cents per share, up 26.5 percent from a year ago.
“Our robust results in the first quarter demonstrate the benefits of owning a large, low-cost and well-run fleet of nuclear plants in today’s environment of high fossil fuel prices,” said Exelon CEO John W. Rowe.
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