New Jersey Throws Lucrative Lifeline to PSEG, Exelon Nuclear Plants
We plan to raise our fair value estimate for Public Service Enterprise Group about 5% from $41 per share and are reaffirming our fair value estimate for Exelon at $33 per share after the New Jersey Legislature overwhelmingly passed a bill that could generate as much as $300 million for the state's nuclear plant owners. We expect the governor to sign the legislation.The only New Jersey plants that are eligible to receive the zero-emissions credits, or ZECs, are PSEG's Hope Creek power plant and ...
Exelon is a utility services holding company engaged in the generation, delivery and marketing of energy through Exelon Generation Company, LLC and the energy distribution and transmission businesses through Commonwealth Edison Company, PECO Energy Company, Baltimore Gas and Electric Company, Potomac Electric Power Company, Delmarva Power & Light Company and Atlantic City Electric Company. Through its business services subsidiary Exelon Business Services Company, LLC, the company provides its subsidiaries with a variety of support services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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