Briefs

EXELON IMPROVES OUTLOOK

Exelon Corp., the largest U.S. utility owner by market value,raised its 2005 earnings forecast on higher profit from powergeneration and rising energy demand. Net income this year will be$3.05 to $3.20 a share, Chicago-based Exelon said today. Thatcompares with $2.78 a share in 2004. Exelon's previous forecast, madein January, was $2.95 to $3.15 a share.

FCC SCRAPS PHONE WEB RULES

The Federal Communications Commission scrapped rules that forcephone companies to let competitors rent space on networks thatdeliver high-speed Internet service at discounted rates. The FCCvoted 4-0 today to let Verizon Communications and other Baby …