UPDATE 1-Illinois approves $700 million in subsidies to Exelon, prevents nuclear plant closures [Reuters]
Exelon Corporation (EXC)
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Source: Reuters
By Timothy Gardner 2 Min Read (Reuters) -The Illinois Senate on Monday saved two Exelon Corp nuclear power plants from closure by passing a bill that will provide $700 million in subsidies to the company over five years for generating virtually carbon-free power. Exelon had threatened to close its Byron nuclear plant on Monday and Dresden nuclear plant in November because of rising costs and competition from power plants that burn low-cost natural gas. The Senate passed the bill 37-17. The house approved the measure last week after a compromise deal on coal plant closures favored by both environmentalists and labor groups. Exelon said it was preparing to refuel its 40-year-old Byron and Dresden plants after the Senate vote. “The threat to our planet is real,” said Senate President Don Harmon, a Democrat. “Our goal all along was to enact reliable, renewable and affordable energy policies that position Illinois to lead the nation in combating climate change and growing a green energy e
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News
- Institutional owners may consider drastic measures as Exelon Corporation's (NASDAQ:EXC) recent US$1.5b drop adds to long-term losses [Yahoo! Finance]Yahoo! Finance
- Gov. Pritzker Joins ComEd to Present G&W Electric with Record High $2.6 Million Rebate for Largest Commercial Solar/Storage Installation in IllinoisBusiness Wire
- Chris Crane, Former CEO of Exelon, Passed Away at 65Business Wire
- PECO to Voluntarily Delist Capital Trust Receipts from NYSEBusiness Wire
- ComEd, Chicago Park District Invite Illinois Residents to Enter Sweepstakes to Turn on Iconic Buckingham FountainBusiness Wire
EXC
Earnings
- 2/21/24 - Beat
EXC
Sec Filings
- 4/10/24 - Form SC
- 4/9/24 - Form DEFA14A
- 4/3/24 - Form 3
- EXC's page on the SEC website