Moody's may lift Exelon

Moody's Investors Service said it placed the long-term debt ratings of Exelon Corp. (Baa2 issuer rating) and its principal subsidiary, Exelon Generation LLC (Baa1 issuer rating), on review for upgrade after the Illinois governor signed into law a broad-based settlement concerning electric rates in Illinois.

Moody's also affirmed the ratings of Exelon subsidiary PECO Energy Co. (A3 issuer rating).

The outlook is stable.

The review reflects the elimination of a material uncertainty for credit quality for both companies following the completion of a comprehensive settlement agreement on electric rates and power procurement issues in Illinois, Moody's said.

The rating affirmation of PECO reflects strong standalone historical credit metrics as well as the fact that the transition to market rates in Pennsylvania continues to be phased in, the agency said.

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