Barclays Resumes Exelon (EXC) at Overweight

Exelon (EXC), Pepco (POM) Complete Merger Transaction

Exelon 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

By 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

D.C. Approves Exelon's (EXC) $6.8B Takeover of Pepco Holdings (POM)

(Updated - March 23, 2016 2:01 PM EDT)

In a surprise move, D.C. regulators approved Exelon's (NYSE: EXC) $6.8 billion takeover of Pepco Holdings (NYSE: POM) at a meeting in Washington today.

The news sent shares of Pepco higher by 27%.