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Stock Market & Financial Investment News

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February 28, 2014
16:32 EDTEXCExelon subsidiary to receive $355M in early termination agreement
On February 26, Exelon subsidiary UII and the City Public Service Board of San Antonio, Texas, or CPS, finalized an agreement to terminate a coal-fired generating station lease, and other related agreements, prior to their expiration dates. The termination agreement provides for UII to receive a net early termination amount of $335M from CPS, which UII believes is a sufficient amount such that it is in Exelon’s best interest to terminate the lease, due in part to certain economic uncertainties with respect to the end of lease term options, including the likelihood of UII incurring significant capital expenditures and increased operational risk. The termination of the lease will result in a net loss at UII, which is not material, and a tax payment of approximately $285M by Exelon and its subsidiaries in 2014, including approximately $150M by Commonwealth Edison Company.
News For EXC From The Last 14 Days
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November 21, 2014
08:04 EDTEXCFERC approves merger of Exelon, Pepco Holdings
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November 19, 2014
17:20 EDTEXCConstellation NewEnergy awarded $167.91M government contract
Constellation NewEnergy, an Exelon company, has been awarded a maximum $167.91M firm-fixed-price contract for electricity and ancillary services. This contract was a competitive acquisition, and six offers were received. This is a two-year base contract. Location of performance is Maryland with a Jan. 31, 2017 performance completion date.
November 13, 2014
05:54 EDTEXCStocks with implied volatility movement; EXC BTU
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