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Stock Market & Financial Investment News

News Breaks
May 30, 2014
15:52 EDTPOM, EXCExelon, Pepco Holdings file with FERC for approval of proposed merger
Exelon (EXC) and Pepco Holdings (POM) filed an application for approval by the Federal Energy Regulatory Commission of the proposed transaction announced by the companies on April 30. The combination of the companies brings together Exelon’s 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. The transaction does not raise any adverse competition issues, because PHI owns only a minimal amount of electricity generation. It also satisfies the other criteria used by FERC to evaluate whether a transaction is in the public interest, because it will have no adverse impact on customers’ rates and no impact on regulation by FERC or any state utility commission. Because of the lack of competitive generation overlap, the companies have requested that FERC review the transaction and issue an order within 90 days. In addition to their filing with FERC, Exelon and PHI will make other filings in support of their proposed combination. The companies also will make transaction-related filings with the District of Columbia Public Service Commission, the Delaware Public Service Commission, the Maryland Public Service Commission, the New Jersey Board of Public Utilities and the Virginia State Corporation Commission. The transaction is also subject to the notification and reporting requirements under the Hart-Scott-Rodino Act and other customary closing conditions. The transaction requires the approval of the stockholders of PHI. The companies anticipate closing in the second or third quarter of 2015.
News For EXC;POM From The Last 14 Days
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August 28, 2015
16:29 EDTEXC, POMStocks end volatile week higher as China whipsaws U.S. market
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August 25, 2015
16:43 EDTPOM, EXCOn The Fly: Top stock stories for Tuesday
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13:55 EDTEXCExelon downgraded to Neutral from Buy at Guggenheim
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12:42 EDTEXC, POMExelon, Pepco to review options regarding D.C. commission decision
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12:20 EDTPOM, EXCOn The Fly: Top stock stories at midday
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12:08 EDTEXC, POMOptions with increasing volume: EXC POM MDLZ EWJ WBA MW F KMI
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12:00 EDTEXC, POMPublic Service Commission of D.C. denies Pepco/Exelon merger application
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11:34 EDTEXC, POMPepco plunges after D.C. commission rejects Exelon merger
The Public Service Commission of the District of Columbia voted 2 to 1 that the merger of Pepco Holdings (POM) and Exelon (EXC) is not in the public interest and that Exelon failed to prove the benefit to customer. Following the news, Pepco shares have dropped 15% to $22.96, while Exelon shares are down nearly 3% to $31.70.
11:31 EDTEXC, POMD.C. PSC rejects Exelon, Pepco Holdings merger
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11:28 EDTPOM, EXCPepco Holdings, Exelon drop sharply
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August 24, 2015
08:03 EDTEXCExelon announces outcome of 2018-19 PJM capacity auction
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August 21, 2015
17:29 EDTEXCPJM releases results for 2018-2019 PJM Interconnection capacity auction
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August 19, 2015
07:08 EDTEXCExelon called 'clear value' ahead of PJM auction results at Deutsche Bank
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