Exelon Probed on Nuclear Funding Shortfall, U.S. Says

February 2, 2013 by legitgov

Exelon Probed on Nuclear Funding Shortfall, U.S. Says --Shortfall totaled $1 billion in 2009 01 Feb 2013 Exelon Corp., the largest U.S. nuclear operator, "deliberately" under-reported for four years the amount of money needed to retire its reactors, the U.S. Nuclear Regulatory Commission said. [Obama corpora-terrorist crony] Exelon, based in Chicago, faces "escalated enforcement action" for the financial reporting errors that may total as much $140,000 for each day of the violation, Scott Burnell, a spokesman for the regulatory agency, said in a phone interview today. The agency asked Exelon to explain the errors for the years 2005-2007 and 2009 in a Jan. 31 letter.