Exelon Commits $2.1B To PFs

Exelon is seeking to make a $2.1 billion contribution to its defined benefit pension plans.

Exelon is seeking to make a $2.1 billion contribution to its defined benefit pension plans, Pensions & Investments reports. The U.S. electricity generating and distributing company plans to make the contribution in the first quarter of this year. The Chicago-based company’s contribution is expected to increase the plan’s funded status from about 77% to 89% by the end of this year. Exelon had previously said it would contribute around $800 million to its pension plans in 2011, adds The Wall Street Journal.

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