Exelon Takes $500M Tax Hit Over Coal Plant Sale To 7th Circ.

By Diana Novak Jones (May 24, 2018, 4:54 PM EDT) -- Exelon Corp. asked the Seventh Circuit to reverse a U.S. Tax Court judgment hitting it with more than $500 million in tax deficiencies and penalties on Thursday, arguing the company's efforts to defer income tax on the sale of its Illinois coal plants were aboveboard....

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