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July 24, 1998 | STEPHEN BRAUN, TIMES STAFF WRITER
They say they are not nervous. They have seen this before. But this summer, on days when the temperature reading reaches the mid-90s on the big board in Commonwealth Edison Co.'s 33rd-floor trading office, the electricity brokers watch helplessly as the price of their precious commodity spirals upward. In moments, a megawatt that normally costs $75 can rocket to $750. And over a black 15 minutes on June 25, a single megawatt soared to $7,500.
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NEWS
July 24, 1998 | STEPHEN BRAUN, TIMES STAFF WRITER
They say they are not nervous. They have seen this before. But this summer, on days when the temperature reading reaches the mid-90s on the big board in Commonwealth Edison Co.'s 33rd-floor trading office, the electricity brokers watch helplessly as the price of their precious commodity spirals upward. In moments, a megawatt that normally costs $75 can rocket to $750. And over a black 15 minutes on June 25, a single megawatt soared to $7,500.
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BUSINESS
September 28, 2001 | Bloomberg News
Exelon Corp., the largest U.S. nuclear energy producer, said third-quarter profit will miss its forecast and that it plans to cut 450 more jobs. Shares fell as much as 23%. Exelon, which owns utilities in Chicago and Philadelphia, expects to earn $1.10 to $1.20 a share this quarter, a spokesman said. The company had said it would earn about $1.35 to $1.80. Electricity demand has declined with the slowing economy and cooling weather, damping Exelon's profit.
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