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BRIEF-Exelon says Exelon Generation Company will permanently cease generation operations at three mile island generating station on or about Sept 30, 2019
May 30, 2017 / 12:47 PM / 3 months ago

BRIEF-Exelon says Exelon Generation Company will permanently cease generation operations at three mile island generating station on or about Sept 30, 2019

May 30 (Reuters) - Exelon Corp:

* Exelon Corp -Exelon Generation Company, Llc will permanently cease generation operations at three mile island generating station on or about Sept 30, 2019

* Exelon Corp -Exelon and generation will recognize certain one-time charges in q2 of 2017 ranging from an estimated $65 million to $110 million

* Exelon Corp -Exelon and generation also could recognize additional one-time charges in 2018 and 2019 of up to an estimated $25 million each year

* Exelon Corp -estimated cash expenditures related to one-time charges primarily for employee-related costs are expected to range from $40 million to $70 million Source text (bit.ly/2rfRMXQ) Further company coverage:

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