Shares of utility companies Ameren (AEE) and Exelon (EXC) are sharply lower in early afternoon trading as the the Illinois Commerce Commission holds its regular open meeting, which began at 11:30 AM. The agenda for the meeting included several Electric utilities issues to be discussed, according to an agenda posted by the Commission. In late November, Mizuho had downgraded Exelon to Neutral, citing concerns over the Illinois regulatory environment for the downgrade. Also in November, UBS analysts had noted that the Illinois Commerce Commission issued its final ruling in the natural gas rate cases for subsidiaries of Ameren (AEE), Southern (SO) and WEC Energy (WEC) and said at that time that the firm believed investors would react “negatively.”
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