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Exelon Corp. plans to invest $3 billion to boost the output of its nuclear plants as environmental regulations make competing coal-fired generation more expensive.

The investment is part of a plan announced Tuesday to spend $5 billion between 2010 and 2015 to increase generation capacity and reduce the company's carbon footprint.

The company already has the lowest carbon footprint of any major power producer because 93% its power is generated by its huge fleet of nuclear reactors, which emit almost no carbon dioxide. As Exelon increases its output of nuclear power, the company will close a pair of money-losing coal plants in Pennsylvania.

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And you thought John Deere was all about tractors. This morning utility Exelon said it will buy up the wind power division of John Deere, called John Deere Renewables, for $860 million, plus an additional $40 million once all of the projects are completed. John Deere Renewables has 965 MW of clean power projects under development in various stages.

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Exelon CEO John Rowe announced that his company - the largest electric utility company in the United States - would not renew its membership in the U.S. Chamber of Commerce because of its opposition to global warming action

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