Skip to comments.Exelon sees $65 mln charge due to healthcare reform
Posted on 04/01/2010 10:27:10 PM PDT by Chet 99
April 1 (Reuters) - Exelon Corp (EXC.N), the largest operator of nuclear plants in the United States, expects a non-cash charge of about $65 million in the first quarter of 2010 due to the recently passed healthcare reform law.
The reduced income tax deductions are also estimated to increase Exelon's total annual income tax expense by about $10 million to $15 million, the company said in a filing with the U.S. Securities and Exchange Commission.
Exelon joins a growing list of big U.S. employers including AT&T Inc (T.N), Boeing Co (BA.N) and Caterpillar Inc (CAT.N) bracing for a financial pinch from the overhaul.
(Excerpt) Read more at reuters.com ...
I have a bad feeling that the cost of the products and services I buy are headed up while the value of my investments are headed down.
Charges so far (and growing daily):
3M 90 million
AK Steel 31 million
Allegheny Tech 5 million
ATT 1 billion
Boeing 150 million
Caterpillar 100 million
Carpenter Technology 5.9 million
Deere & Co. 150 million
Eaton Corp 25 million
Excelon Corp 65 million
Goodrich Corp 10 million
Honeywell 13 million
Illinois Tool Works $22 Million
Ingersoll-Rand $41 Million
Lockheed Martin Corp 96 million
Prudential 100 million
Valero Energy 20 million
Verizon 970 million
Xcel Energy 17 million
Total: 2.912 billion
Gotta love that “free healthcare”.
The list ,ping
That’s great and all about Exelon but I have an issue with them since they were one of the companies pushing for Cap and Tax.