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Derivatives

Exelon Pulls The Plug On Weather, Emissions Trading

Exelon has decided to exit weather derivatives, emissions, coal and congestion trading after designating these markets illiquid, according to market officials who have spoken to the company. As a result of the decision it has let go several staff, including Peter Frantz, head of weather derivatives in Kennett Square, Pa. Calls to Frantz were referred to Ben Armstrong, a company spokesman, who said Exelon Generation continues to actively trade the commodity markets. He was unable to comment on Frantz or the four markets the company is exiting. Frantz could not be reached.

Brokers noted Exelon was an active participant in the emissions trading market but was not a major player in weather derivatives, a market it was in for almost exactly one year. "We're just watching everyone drop by the wayside," one broker commented ruefully.

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