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>新着情報 >nuclear power operator, said the acquisition of John Deere
nuclear power operator, said the acquisition of John Deere

Exelon to buy Deere’s wind power unit for

NEW YORK (Reuters) Electric utility Exelon Corp said it will buy Deere Co wind power business for about $860 million, expanding its portfolio of carbon free canada goose clearance electricity uk canada goose generation.

Six canada goose 1.5 megawatt wind turbines are pictured at canadian goose jacket work at the canada goose uk outlet Exelon Community Energy Wind Farm at Somerset, Pennsylvania, August 10, 2008. nuclear power operator, said the acquisition of John Deere Renewables will add 735 operating megawatts (MW) of clean energy to cheap canada goose uk its portfolio, which currently includes about canada goose black friday sale 1,000 MW of renewable power.

The deal includes a provision for an additional payment of $40 million for construction on 230 MW of wind power capacity in advanced stages of development.

The Canada Goose Parka Deere wind farms 36 cheap Canada Goose projects in eight states have an operating capacity large enough to power 160,000 to 220,000 households. In total, the wind farms have about three quarters of the electricity output capacity of a nuclear reactor.

Exelon, which currently buy canada goose jacket owns 31,000 megawatts of power generation, including 17 nuclear reactors, said the Deere Canada Goose Coats On Sale wind canada goose uk shop purchase would contribute to earnings in 2012 and to cash flow in 2013.

It plans to finance the purchase using canada goose factory sale debt based at its Exelon Generation unit.

Deere, the world largest maker of tractors and harvesters, said in February it was considering selling the businesses, which were an outgrowth Canada Goose online of its credit business that helps farmers and other customers finance purchases of its equipment.

Deere said buy canada goose jacket cheap the deal with Exelon would result in a fourth quarter web site online Canada Goose Outlet https://www.canadagooseoutlete.com after tax charge of about $25 million.

The purchase is part of Canada Goose sale the utility 2020 program to reduce more than 15 million metric tons of greenhouse gas (GHG) emissions by the end canada goose uk black friday of the next decade.

The United States currently has no legislation restricting carbon emissions, which are blamed for contributing to global warming. Congress earlier this year.

Still, companies such as Exelon, which owns the utilities ComEd in Illinois and PECO in Canada Goose Jackets Pennsylvania, and NextEra Energy, owner of Florida largest utility and the nation biggest renewable power company, expect carbon restrictions will ultimately be passed and benefit their power generation units.

At the end of 2009, the United States had about 35,000 MW of installed wind capacity, enough to power 9.7 million typical American homes, according to data from the American Canada Goose Outlet Wind Energy Association.

expect to see increasing demand for clean, efficient wind power at a national level and in the 29 states that already have a renewable energy standard, Exelon Chief Executive John Canada Goose Online Rowe said canada goose clearance sale in a statement.

About 75 percent of Deere wind power portfolio is already sold under long term power purchase arrangements.

As part of canada goose store the acquisition, Exelon may also pursue 1,468 MW of new wind projects that are in various stages of development, including the 230 MW in advanced stages of development.

Barclays Capital acted as financial adviser to Exelon.

Shares of Exelon slipped 0.6 percent to $40.26 in early trade on the New York Stock Exchange, in line uk canada goose outlet with the canada goose coats on sale dip in the sector, while shares in Deere rose 0.5 percent $62.32.

Reporting by Matt Daily, additional reporting by Adveith Nair canada goose coats in Bangalore; Editing by Gopakumar Warrier, John Wallace, Dave Zimmerman.

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