Exelon reports loss in first quarter

Daily Record Staff//May 1, 2013//

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Exelon Corp., whose varied holdings include Baltimore-based Constellation Energy and Baltimore Gas & Electric Co., reported a loss in its first quarter due to lower market prices, higher nuclear fuel costs and higher operating and maintenance expenses, among other factors.

The Chicago-based energy company reported a net loss of $4 million, or 1 cent per diluted share, versus net income of $200 million, or 28 cents per share, for the year-ago period. Revenue rose to $6.1 billion from $4.7 billion in the first quarter of 2012.

Analysts polled by Thomson Reuters forecast, on average, earnings of 68 cents per share on revenue of $6.2 billion.

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