As part of its merger agreement with Constellation, Exelon (EXC +1%) says it will sell its three...

|About: Exelon Corporation (EXC)|By:, SA News Editor

As part of its merger agreement with Constellation, Exelon (EXC +1%) says it will sell its three Maryland coal-fired power plants to Raven Power for $400M. The sale is expected to close in Q4, and will generate about $205M in tax benefits, with the majority to be realized in 2012 and 2013. EXC will record a pre-tax loss of about $275M in Q3 to reflect the difference between the estimated sale price and the carrying value of the plants.