Exelon Probed on Nuclear Funding Shortfall, U.S. Says
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Exelon Corp., the largest U.S. nuclear operator, “deliberately” under-reported for four years the amount of money needed to retire its reactors, the U.S. Nuclear Regulatory Commission said.
Exelon, based in Chicago, faces “escalated enforcement action” for the financial reporting errors that may total as much $140,000 for each day of the violation, Scott Burnell, a spokesman for the regulatory agency, said in a phone interview today. The agency asked Exelon to explain the errors for the years 2005-2007 and 2009 in a Jan. 31 letter.