|
Exelon to Make $4.6B Investment in Illinois (EXC)
Aug 23, 2010 (SmarTrend News Watch via COMTEX) --
Exelon Corp. (NYSE:EXC) announced a $4.6 billion spending program in Illinois that will create more than 4,200 full-time and "full-time equivalent" positions over the next 5 years, beginning in September.
The spending program will include the decommissioning of the shuttered Zion Station in Lake County, equipment upgrades at six Illinois nuclear plants to produce more carbon-free megawatts and refueling outages that require thousands of temporary workers.
"This is our own economic stimulus program for Illinois," said Exelon Nuclear President and Chief Nuclear Officer Michael Pacilio. "The state is going through tough economic times, and we believe private investment, ultimately, is what will bring us back to prosperity. We want the people of Illinois to know that we're vested in their future."
Exelon is currently trading 0.57 percent higher at $40.64.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup
[ Back To Smart Grid Home's Homepage ]
|