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Exelon Names Glace As Head Of Risk Following Constellation Tieup

DOW JONES NEWSWIRES Exelon Corp. (EXC) named its chief risk officer to lead risk management efforts across the company following its planned tieup with power producer Constellation Energy Group Inc. (CEG) next year. The company said Joseph R. Glace will become senior vice president and chief risk officer for the combined company, which will retain the Exelon name. In his new role, he will also serve as a member of Exelon's executive committee. "The new Exelon will have a significantly increased scope across the energy value chain. It is vital to our future success that we diligently manage risk from an independent and enterprise-wide perspective," said Chief Executive Christopher M. Crane. The company also named the executive team that will run the Constellation business unit following the closing of the deal. In April, Exelon agreed to buy Constellation in an all-stock deal valued at about $8 billion. The acquisition would allow Exelon, the largest operator of nuclear plants in the U.S., to combine its generation fleet with Constellation's large retail marketing business. Both Exelon and Constellation garnered shareholder approval for the deal last month, pushing them closer to a closing expected early next year. The deal still requires the approval of the Maryland Public Service Commission, the Federal Energy Regulatory Commission, the Nuclear Regulatory Commission and the New York State Public Service Commission and the Department of Justice. Shares of Exelon closed at $43.31 Tuesday, while shares of Constellation closed at $39.26. Both were inactive in premarket trade. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

Stock News for Constellation Energy (CEG)
DateTimeHeadline
03/12/201207:59:44Exelon, Constellation Plan To Close Merger Monday After Winning...
03/09/201219:03:11Constellation To Pay $245 Million To Settle FERC Claims
03/07/201218:46:20S&P 500 To Add Crown Castle, Replacing Constellation
02/17/201218:27:31Exelon-Constellation Merger Approved By Maryland Regulators
02/17/201207:14:20Constellation Energy Swings To 4Q Loss; Posts Surprise Revenue...
02/15/201208:30:08Low Natural Gas Prices Hammer Power Prices
02/02/201210:43:10Evercore 4Q Profit Rises 29% On Higher Investment Banking Revenue
01/25/201213:19:34Exelon Market Cap 'In A Trench,' See Better Times Ahead - CEO
01/17/201214:15:24Exelon, Constellation Resolve EDF Dispute Over Pending Merger
01/17/201206:42:58EDF CEO: US Nuclear Prospects For EDF Only Delayed
01/17/201204:14:29EDF Withdraws Opposition To Merger Between Exelon, Constellation
01/04/201212:10:09Conn, In Reversal, Said Will Review Northeast-Nstar Merger -Report
12/21/201112:45:27DOJ Clears Exelon-Constellation Energy Merger, With Conditions
12/20/201109:18:02US Stock Futures: HOT STOCKS TO WATCH
12/16/201117:01:49CORRECT: Power Companies Await EPA Emissions Rule
12/16/201116:02:26Power Companies Await EPA Emissions Rule
12/15/201117:53:24CORRECT: EDF Considers Dropping New Nuclear In Maryland -Source
12/15/201113:42:03EDF Considers Dropping New Nuclear In U.S.- Source
12/15/201111:15:05Exelon, Constellation Reach Merger Settlement With Maryland
12/14/201109:08:06Exelon Names Glace As Head Of Risk Following Constellation Tieup

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