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Exelon Loses To IRS Over $1.6B Taxable Gain On Plant Sales

By Vidya Kauri ( September 19, 2016, 4:44 PM EDT) -- Exelon Corp. suffered a defeat against the Internal Revenue Service Monday when the U.S. Tax Court ruled that lease transactions it had entered into to manage $1.6 billion of taxable gain following the sale of power plants in Illinois should actually be characterized as loans....

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