MIKE ARMSTRONG: Coming up: Angry about big profits posted by big oil? We’ll tell you how one local oil company lost money last quarter. Building power plants is always controversial. Exelon announces two for
MIKE ARMSTONG: Who’s hurting from the high price of oil? Drivers like you and me, but also
It’s great to talk about going green, but when you really want more power, there’s no substitute for carbon-based fuels. On Tuesday, Exelon executives were all smiles, talking about their latest investment in solar power at the Philadelphia Navy Yard. The $11 million project will generate enough power for only 200 homes a year. Today, Exelon, which owns PECO in
Americans can’t be Americans without their gasoline, electricity and, apparently, their cable t.v. and high speed internet service. Comcast today said the revenue it generates from cable rose 5% to $4.7 billion in its first quarter. While it lost 57,000 basic subscribers, it’s been converting more of its customers to digital cable. Comcast added almost 500,000 digital cable subscribers in the quarter. The news wasn’t all wonderful. Net income fell 13% from the first quarter of 2007, but free cash flow, the most important measure for the cable business, rose 59%.
That’s it for today. At the Inquirer, I’m Mike Armstrong for
This transcript of Philadelphia Business Today may not be completely accurate and may contain inaccuracies. The original recording of Philadelphia Business Today, not this transcript, is final and authoritative. Philly.com and The Philadelphia Inquirer shall have no liability for errors in this transcript and bear no responsibility for losses, lost profits, direct, indirect, incidental, consequential, special or punitive damages stemming from any actions based solely on this transcript.