Exelon Nuclear Files Objections to Over-collection of Property Taxes in LaSalle County 

 Company committed to paying fair share of taxes despite this action 

 

MARSEILLES, Ill. (Monday, Nov. 15, 2010) Today, Exelon Nuclear filed objections against the LaSalle County Treasurer in his capacity as the LaSalle County Tax Collector for over-collecting on 2009 tax payments.

The objections filed by Exelon Nuclear state that the taxing districts over-collected on taxes for certain funds that already have substantial reserves. The amount collected for these funds is more than allowed by law based on the average annual expenditures of the prior three fiscal years.

“Exelon Nuclear is committed to paying our fair share of property taxes in LaSalle County,” said Brad Fewell, Vice President and Deputy General Counsel, Exelon Nuclear “We’re taking this action today because like every taxpayer, we expect fair treatment in the collection of taxes to support the needs of the county.”

LaSalle County Generating Station is located approximately 75 miles southwest of Chicago. With both units at full power, the site produces more than 2,200 megawatts net, which is enough electricity for 2.3 million homes.

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Exelon Corporation has of the industry’s largest portfolios of electricity generation capacity, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic. Exelon distributes electricity to approximately 5.4 million customers in northern Illinois and southeastern Pennsylvania and natural gas to approximately 486,000 customers in the Philadelphia area. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.

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About Exelon

Exelon Corporation is one of the nation’s largest electric utilities with more than $17 billion in annual revenues. The company has one of the industry’s largest portfolios of electricity generation capacity, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic. Exelon distributes electricity to approximately 5.4 million customers in northern Illinois and southeastern Pennsylvania and natural gas to approximately 486,000 customers in the Philadelphia area. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.

Contacts

Megan Borchers Exelon Nuclear Communications
815.415.2507
815.343.1689 (Cell)
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