It's somewhat surprising that EXC has moved up so strong this year. Their ability to beat expectations is limited by their hedging that more or less locks in their earnings capability for the short/intermediate term. Cutting capital spending and closing plants helps short-term but will catch up with them. They haven't been too successful convincing the regulatory side to increase rates and fund upgrades either. Add to that some of the potential liability ( $1B as I recall) and I don't see where the optimism is coming from. Enlighten me please.
Don't live in the past. 15-20 years ago is exactly that. There have been tough times under Coury but he made some commitments a few years back and he, and now Heather, are delivering and WS can't ignore that anymore. What's not to like?