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Exelon Subsidiary Denied Tax Breaks On Three Mile Island Purchase

Exelon Subsidiary Denied Tax Breaks On Three Mile Island Purchase

I found it interesting that AmerGen when it spent its $93 million got essentially a bag of money nearly ten times as large along with the nuclear power plants.  There is that nasty decommissioning exposure, but that’s in the far, far future. My inner villain sees opportunity here, but I suspect that the regulators are all over it and there is not that much you can really get away with.  On the other hand I used to believe that stock analysts actually read the notes to the financial statements and I’m beginning to wonder about that.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.