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Stock Market & Financial Investment News

News Breaks
May 30, 2014
15:52 EDTEXC, POMExelon, 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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September 17, 2014
13:01 EDTEXC, POMPepco Holdings to host special shareholder meeting
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07:36 EDTEXCWolfe Research to hold a conference
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September 16, 2014
11:01 EDTEXCComEd awarded grant from Energy Department for microgrid controller
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September 3, 2014
09:23 EDTEXCUranerz Energy makes first Uranium delivery
Uranerz Energy (URZ) announced that it has delivered its first drums of uranium, as U3O8, produced from its wholly-owned Nichols Ranch ISR Uranium Project in the Powder River Basin of Wyoming, U.S.A. The shipment of approximately 36,000 pounds was received at ConverDyn's Metropolis Works Facility, located in Metropolis, Illinois, for subsequent transfer to one of the company's utility customers. Uranerz signed its first long-term uranium sales agreement in 2009 with Exelon Generation Company (EXC), and signed its second sales agreement with another major U.S. utility later that same year. This delivery will satisfy a portion of Uranerz' existing long-term sales contracts and the company expects to make its next shipment of uranium later this quarter.

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