Home>Topics>>UPDATE 2-Exelon cuts nuclear upgrade spending amid low gas prices
UPDATE 2-Exelon cuts nuclear upgrade spending amid low gas prices
Thu, 7 Feb 2013
Feb 7 (Reuters) - Low natural gas prices and slow economic growth forced U.S. power company Exelon Corp to cancel plans to spend $2.3 billion on capacity expansion at its nuclear power plants and other projects, Chief Executive Chris Crane said on Thursday.
Independent. Insightful. Trusted. Morningstar provides stock market analysis; equity, mutual fund, and ETF research, ratings, and picks; portfolio tools; and option, hedge fund, IRA, 401k, and 529 plan research. Our reliable data and analysis can help both experienced enthusiasts and newcomers.