ADVFN - Advanced Financial Network.
HOME» NYSE » E » EXC Stock Price » EXC Stock News

Exelon Share News

 Exelon Corp. Stock Price
EXC Stock Price
 Exelon Corp. Stock Chart
EXC Stock Chart
 Exelon Corp. Stock News
EXC Stock News
 Exelon Corp. Company Information
EXC Company Information
 Exelon Corp. Stock Trades
EXC Stock Trades

Exelon-Constellation Merger Approved By Maryland Regulators

By Cassandra Sweet Of DOW JONES NEWSWIRES Maryland regulators on Friday approved Exelon Corp.'s (EXC) proposed acquisition of Constellation Energy Group Inc. (CEG) in a deal valued at nearly $8 billion. The Maryland Public Service Commission said it has approved the merger, with a list of 40 conditions, including that the companies provide $100 rebates for each of Constellation's Baltimore Gas & Electric utility customers, and that the combined company invest $113.5 million in energy efficiency and energy assistance for the utility's low-income customers. The deal would allow Exelon, the largest U.S. operator of nuclear-power plants, to absorb Constellation's nuclear fleet and large retail-power business. It also would allow Constellation to be part of a much-larger company with a larger balance sheet. Exelon and Constellation hailed the decision Friday and said they accepted the conditions. "We are pleased that the Maryland PSC has approved our merger with Constellation, and we accept the additional conditions that the commission has imposed," Exelon President and Chief Operating Officer Christopher Crane said in a statement The commission's approval wasn't surprising, after Exelon and Constellation in December reached an agreement with Maryland's governor and other officials. The companies agreed to invest $1 billion in Maryland and create roughly 6,000 new jobs in the state. The companies still need the approval of the Federal Energy Regulatory Commission to proceed with their merger. The companies earlier agreed to spend $625 million to develop 300 megawatts of new power generation, half of it in the form of solar, wind or other renewable power, and they agreed to spend $50 million to weatherize homes of low- and moderate-income customers. Their offer included earlier pledges to provide a one-time $100 rebate to each of BGE's 1.1 million residential customers and to build new offices in downtown Baltimore estimated to cost $95 million to $120 million. Exelon Chief Executive John Rowe plans to retire after the merger closes. Crane will become president and CEO of Exelon. Constellation Chief Executive Mayo Shattuck will become executive chairman of Exelon after the merger closes. -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468;

Stock News for Exelon (EXC)
03/27/201511:57:00PECO Requests PUC Approval to Make Additional Infrastructure...
03/27/201511:01:00Power Down for Earth Hour March 28
03/26/201515:53:00Senate Energy and Public Utilities Committee Passes ComEd’s E...
03/26/201513:37:00Illinois Senate Energy and Public Utilities Committee Passes...
03/26/201512:00:00Power Down for Earth Hour March 28
03/26/201512:00:00Power Down for Earth Hour March 28
03/26/201504:15:34Investors Presented With An Ideal Time To Buy Exelon
03/25/201516:00:00ComEd Expands Opower Program to Give Customers Insights on Energy...
03/25/201516:00:00ComEd Expands Opower Program to Give Customers Insights on Energy...
03/25/201511:00:00ComEd Provides $10 Million in Financial Assistance to Customers...
03/24/201511:16:00PECO Completes Nearly 700 Electric Projects in 2014
03/20/201511:00:00Don’t Let Winter Weather Bring You Down – Spring into Energy Sav...
03/19/201514:00:00PECO Honored for February 2014 Ice Storm Restoration Response
03/19/201514:00:00BGE Honored for February 2014 Ice Storm Restoration Response
03/19/201514:00:00ComEd Honored for June 2014 Double “Derecho” and Tornado Res...
03/19/201511:44:00HB 3328/SB1879 Offers a Comprehensive Plan for Illinois’ Energy F...
03/19/201510:22:00BGE Encourages Customers to Kick Off Spring Cleaning with a $50...
03/18/201512:30:00Procter & Gamble, Constellation and Community Celebrate One of...
03/17/201508:00:00Exelon and Pepco Holdings Inc. Reach Settlement Agreement with...
03/16/201516:56:00PECO Honored with EPRI Technology Transfer Awards

Exelon and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations