Exelon to take $270M charge in tax dispute
(MCT) — Exelon Corp. will take a charge of approximately $270 million in the first quarter of 2013 over fears that a tax dispute with the Internal Revenue Service may not be decided in its favor.
The dispute has to do with $1.2 billion in gains Commonwealth Edison deferred in 1999 when it sold its coal-fired power plants Illinois.
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