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Report: Exelon Benefited from Obama Admin Ties

HeadlineAug 23, 2012

A New York Times investigation has revealed how an energy company with close ties to President Obama may have received special access to the administration and possibly exerted influence on environmental regulations. Records show executives from Exelon met unusually frequently with top members of the Obama administration during crucial moments in the development of environmental regulations. Those regulations ended up being drafted in a way that hurt Exelon’s competition, while softening the regulatory blow for the company and its allies. At one point, just days after a meeting with Exelon last year, a White House official instructed an environmental regulator to rewrite major portions of a rule governing water intake at power plants. The company has also received large amounts of government financial aid, including becoming one of just six electric utilities nationwide to receive a maximum stimulus grant of $200 million.

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