Hang On, Exelon
Exelon (EXC) has recently been garnering political and media attention as the company describes new challenges for its nuclear power generating business. As the owners of the nation's largest fleet of nuclear power plants, the company's insights are important and relevant. But an unintended consequence has been to highlight a bleak future for nuclear power plants.
Exelon's form 10-Q filed with the Securities and Exchange Commission (SEC) tells the story. For the quarter ended June 30, Exelon's fleet of nuclear power plants accounted for 56% of the company's revenues. But by losing $98 million, the nuclear fleet damaged the parent company's bottom line....651 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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