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Exelon sells 49% of Renewables Partners to John Hancock Life for $400M

Apr. 03, 2017 6:16 PM ETExelon Corporation (EXC) StockEXCBy: Carl Surran, SA News Editor5 Comments
  • Exelon (NYSE:EXC) discloses the sale of a 49% stake in ExGen Renewables Partners, an owner and operator of nearly 1,300 MW of operating wind and solar electric generating facilities, to John Hancock Life Insurance for $400M.
  • The portfolio consists of 30 different projects located in 13 states, and represents 34.9% of Exelon Generation's renewable generation assets and 4% of Exelon Generation's total generation assets.
  • Hancock will be the managing member of ExGen Renewables, with day-to-day control and management over its renewable generation portfolio.

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