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Exelon Corporation and Public Service Enterprise Group provided an overview of their 2005 performance and 2006 outlook at the Morgan Stanley 13th Annual Global Electricity & Energy Conference. Key points included: - Both companies reported strong standalone performance in 2005 and expect continued growth in 2006 driven by improving power markets and operations. - The proposed merger between Exelon and PSEG is progressing towards closing in the second or third quarter of 2006 and would create a uniquely positioned generation business with a large, low-cost nuclear fleet. - Exelon's 2005 earnings growth was driven by improved operations and commodity risk management. It expects further earnings growth in 2006 and 2007 from the end of below-market contracts and recontract
