) subsidiary PECO Energy Company ("PECO") announced that it will
spend $0.65 million to replace and carry out allied preventive
maintenance activities on its 50,000 feet of underground
electricity cable in first-quarter 2013. In addition,
approximately 28,000 feet of underground cable will be injected
with silicone gel to plug and seal splits that may occur during
the cable's insulation. Exelon intends to complete these
activities by Mar 2013.
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This infrastructure upgrade program along with utilization of
latest expertise will enable Exelon Corporation to provide
uninterrupted services to its 5,000 strong customer base,
strengthen system competence, reduce cable malfunctions and limit
digging. These factors will subsequently improve consumer
confidence as well as public safety.
PECO invests regularly for improvement of its energy transmission
and distribution operations and installation of modern
technologies. In Jan 2013, the company invested approximately
$2.2 million in tree trimming along 348 miles of aerial electric
lines in its operating region.
It is evident from Exelon Corporation's capital spending program
that the company currently intends to upgrade its electricity
distribution assets. In 2013, the company plans to invest $5.5
billion including an allocation of $1.4 billion for improvement
of distribution infrastructures.
In fourth-quarter 2012, Exelon Corporation's net cash from
operating activities was $6.1 billion, up 27.1% year over year.
The company ended the quarter with cash and cash equivalents of
$1.5 billion, significantly up from $1.0 billion as of Dec 31,
2011. We believe that Exelon Corporation's strong financial
position encourages it to follow steady infrastructure
Exelon Corporation currently has a Zacks Rank #3 (Hold). Other
stocks from the industry that are presently performing well
Brookfield Infrastructure Partners L.P.
Otter Tail Corporation
Pike Electric Corporation
) all carrying a Zacks Rank #1 (Strong Buy).