United States: With New Subsidies, Exelon Updates Spinoff Plan

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Exelon recently won $700 million in state subsidies to support six of its 21 nuclear reactors, bringing the total number of subsidized Exelon reactors to 13 as the nuclear generation giant awaits regulatory approval to spin off its nuclear fleet, along with its renewables and retail generation business. Exelon estimates the new revenue helps satisfy the spinoff company’s financial assurances it can safely and responsibly complete decommissioning of those subsidized reactors, but that may not go far enough to assuage critics of the spinoff.

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