Exelon's continued efforts to cut off the government tax credit of 2.2 cents per kilowatt hour of electricity generated by wind energy producers failed, as the package signed by Congress and the president to avert the fiscal cliff extended this government subsidy for a year. The company's biggest point of contention is that the continued subsidies are distorting energy prices, which is affecting the maturing nuclear energy industry. In this video, Motley Fool energy analyst Taylor Muckerman tells us whether this lost battle will have a deep impact on Exelon, and which players stand to benefit from the continued subsidies.
As the nation moves increasingly toward clean energy, one company in this space that is perfectly positioned to capitalize on having the largest nuclear fleet in North America is Exelon. This strength combined with an increased focus on renewable energy, along with its recent merger with Constellation, puts Exelon and its best-in-class dividend on a short list of top utilities. To determine if Exelon is a good long-term fit for your portfolio, you're invited to check out The Motley Fool's premium research report on the company. Simply click here now for instant access.
The article Wind Power: Saved by the Subsidy originally appeared on Fool.com.
Joel South has no positions in the stocks mentioned above. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of General Electric Company and ExxonMobil. Motley Fool newsletter services recommend Exelon. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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