ExelonExelon (EXC - Get Report) said "federal healthcare legislation was recently signed into law. The healthcare legislation includes a provision that reduces the deductibility, for federal income tax purposes, of retiree healthcare costs to the extent an employer's postretirement healthcare plan receives federal subsidies that provide retiree prescription drug benefits equivalent to Medicare prescription drug benefits." Because of these changes, the company now expect to record total non-cash after-tax charges of about $65 million for income tax expense to establish deferred tax liabilities in the first quarter of 2010 .
Health Care Reform: Companies React
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