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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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November 24, 2014
06:07 EDTEXCComverge and Constellation to combine demand response businesses
H.I.G. Capital announced that its portfolio company Comverge, together with Constellation, a subsidiary of Exelon, have combined their demand response businesses serving commercial & industrial customers. The combined business, named CPower, is headquartered in Baltimore, Md., and will operate as a new, standalone company independent from Comverge and Constellation.
November 21, 2014
08:04 EDTEXC, POMFERC approves merger of Exelon, Pepco Holdings
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November 20, 2014
07:38 EDTPOMThe Federal Energy Regulatory Commission (FERC) to hold a meeting
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November 19, 2014
17:20 EDTEXCConstellation NewEnergy awarded $167.91M government contract
Constellation NewEnergy, an Exelon company, has been awarded a maximum $167.91M firm-fixed-price contract for electricity and ancillary services. This contract was a competitive acquisition, and six offers were received. This is a two-year base contract. Location of performance is Maryland with a Jan. 31, 2017 performance completion date.
November 13, 2014
05:54 EDTEXCStocks with implied volatility movement; EXC BTU
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