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Exelon (EXC), Pepco (POM) Complete Merger Transaction
March 24, 2016 6:18 AM EDTExelon Corporation (NYSE: EXC) and Pepco Holdings Inc. (NYSE: POM) announced that the two companies have completed their merger transaction, effective today. The announcement follows the approval of the merger by the Public Service Commission of the District of Columbia (DC PSC) earlier today.
The merger brings together Exelons three electric and gas utilities BGE, ComEd and PECO and Pepco Holdings three electric and gas utilities Atlantic City Electric, Delmarva Power and Pepco to create the leading mid-Atlantic electric and gas utility company.
Chris Crane retains his... More
Pepco (POM), Exelon (EXC) Merger Approved by DC PSC
March 23, 2016 2:43 PM EDTBy a vote of two to one, Chairman Kane dissenting, the Public Service Commission of the District of Columbia approved the Pepco (NYSE: POM)/Exelon (NYSE: EXC) Merger, as modified by the terms and conditions set out in Option 2 presented in the Joint Applicants Request for Other Relief, filed on March 7, 2016, with one additional term. The modifications conform the Merger Application to the terms of the Revised Nonunanimous Settlement Agreement (RNSA) proposed by Commissioner Fort in Order No. 18109, released February 26, 2016, with the addition of the Incremental Offset that was... More
