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4-Traders Homepage  >  Equities  >  Nyse  >  Exelon Corporation    EXC

EXELON CORPORATION (EXC)
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Exelon : Generation Statement on Conowingo Request for Reconsideration Filing

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05/25/2018 | 10:03pm CEST

Kennett Square, Pa. -- Exelon Generation shares the State of Maryland's commitment to restoring and sustaining the health of the Chesapeake Bay. For 90 years, the Conowingo Dam has been a source of reliable, clean energy, today accounting for 55% of the renewable energy in Maryland. The Dam does not produce any pollution. Rather, the science clearly shows that the pollutants that travel down the Susquehanna River, from New York and Pennsylvania, are the source of the nutrients and sediment that flows into the Bay.

As issued, the Maryland Department of the Environment (MDE) 401 Water Quality Certification places an unfair and onerous burden on Conowingo to reduce millions of pounds of nutrients, such as phosphorous and nitrogen, which are carried by sediment entering the Chesapeake Bay from sources upstream the Susquehanna River. Additional unfair burdens in the Certification include the removal of all visible trash and debris from upstream sources from hundreds of miles of river, including New York, Pennsylvania, and elsewhere in Maryland.

Today, we have filed a request for MDE to reconsider its decision. We believe our filing clearly outlines the legal infirmities of the Certification, and we hope that MDE will revise its approach.

At the same time, because of the seriousness of the issues at hand, we also will ask the U.S. District Court for the District of Columbia and the Maryland Circuit Court of Baltimore City to review the matter.

We also continue to evaluate the long-term viability of the Conowingo Dam.

The health of the Chesapeake Bay is a shared responsibility and we need to engage multiple states and stakeholders in an effective long-term solution.

Disclaimer

Exelon Corporation published this content on 25 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 May 2018 20:02:03 UTC

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Financials ($)
Sales 2018 31 785 M
EBIT 2018 5 110 M
Net income 2018 2 947 M
Debt 2018 34 052 M
Yield 2018 3,38%
P/E ratio 2018 13,56
P/E ratio 2019 13,32
EV / Sales 2018 2,31x
EV / Sales 2019 2,32x
Capitalization 39 262 M
Chart EXELON CORPORATION
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Exelon Corporation Technical Analysis Chart | EXC | US30161N1019 | 4-Traders
Technical analysis trends EXELON CORPORATION
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 43,4 $
Spread / Average Target 6,8%
EPS Revisions
Managers
NameTitle
Christopher M. Crane President, Chief Executive Officer & Director
Mayo A. Shattuck Independent Chairman
Bridget M. Reidy Executive Vice President-Corporate Operations
Joseph Nigro Chief Financial Officer & Senior Executive VP
Michael R. Koehler Senior VP, Chief Information & Digital Officer
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