New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 31, 2013
18:04 EDTEXCExelon expects to record a 1Q13 non cash charge to earnings of $270M
Exelon announed in a regulatory filing that as previously dislosed in 1999, Commonwealth Edison Company deferred $1.2B of gain on the sale of its fossil generating facilities by acquiring like-kind property via a purchase leaseback transaction. The IRS has asserted that the Exelon Corporation purchase leaseback transaction is substantially similar to a leasing transaction known as a sale-in, lease-out transaction SILO. A SILO is a “listed transaction” that the IRS has identified as a potentially abusive tax shelter under guidance issued in 2005. Exelon continues to believe that its like-kind exchange transaction is not the same as or substantially similar to a SILO. Exelon expects to initiate litigation in 2013 to contest the IRS’s disallowance of the like-kind exchange position. As of March 31, 2013, in the event of a fully successful IRS challenge to Exelon’s like-kind exchange position, the potential tax and after-tax interest, exclusive of penalties, that could become currently payable may be as much as $860 million, of which approximately $260 million would be attributable to ComEd and the remainder to Exelon
News For EXC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 1, 2015
08:05 EDTEXCExelon announces outcome of 2016-2017 PJM transition auction
Subscribe for More Information
August 31, 2015
08:05 EDTEXCExelon, Pepco issue statement on District of Columbia order
Exelon (EXC) and Pepco Holdings (POM) issued the following statement in response to the Public Service Commission of the District of Columbia's order on the companies' proposed merger: "We have now received the Commission's order, and we remain convinced the decision fails to recognize the substantial immediate and long-term benefits of our merger proposal to citizens, businesses and communities in the District of Columbia. We believe our merger proposal is in the public interest, and we will continue working to complete the merger, which all other jurisdictions have approved. Not completing our merger would deny customers in the District of Columbia - as well as Delaware, Maryland and New Jersey - hundreds of millions of dollars in direct financial benefits, improved reliability and storm response, renewable energy projects, and commitments that will preserve their local utility's role as a strong community partner and contributor to economic growth. We want to deliver these benefits to customers and will strive to make that happen."
07:15 EDTEXCExelon Pepco merger has less than 50% chance of completion, says Wells Fargo
Subscribe for More Information
August 28, 2015
16:29 EDTEXCStocks end volatile week higher as China whipsaws U.S. market
Subscribe for More Information
August 25, 2015
16:43 EDTEXCOn The Fly: Top stock stories for Tuesday
Subscribe for More Information
13:55 EDTEXCExelon downgraded to Neutral from Buy at Guggenheim
Subscribe for More Information
12:42 EDTEXCExelon, Pepco to review options regarding D.C. commission decision
Subscribe for More Information
12:20 EDTEXCOn The Fly: Top stock stories at midday
Subscribe for More Information
12:08 EDTEXCOptions with increasing volume: EXC POM MDLZ EWJ WBA MW F KMI
Subscribe for More Information
12:00 EDTEXCPublic Service Commission of D.C. denies Pepco/Exelon merger application
Subscribe for More Information
11:34 EDTEXCPepco plunges after D.C. commission rejects Exelon merger
The Public Service Commission of the District of Columbia voted 2 to 1 that the merger of Pepco Holdings (POM) and Exelon (EXC) is not in the public interest and that Exelon failed to prove the benefit to customer. Following the news, Pepco shares have dropped 15% to $22.96, while Exelon shares are down nearly 3% to $31.70.
11:31 EDTEXCD.C. PSC rejects Exelon, Pepco Holdings merger
Subscribe for More Information
11:28 EDTEXCPepco Holdings, Exelon drop sharply
Subscribe for More Information
August 24, 2015
08:03 EDTEXCExelon announces outcome of 2018-19 PJM capacity auction
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use