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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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March 5, 2015
10:05 EDTEXCOn The Fly: Analyst Upgrade Summary
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07:36 EDTEXCESCO Energy Services expands channel partner agreement with Constellation
ESCO Energy Services, a wholly-owned subsidiary of ForceField Energy (FNRG) announced that its ESCO Energy Services subsidiary will be expanding its relationship with Constellation, a subsidiary of Exelon (EXC) in marketing Constellation's Efficiency Made EasySM, or EME, campaign, an innovative program designed to assist clients in implementing energy efficiency projects without up-front capital outlay. As one of Constellation's longest serving and most accomplished Channel Partners, ESCO has provided comprehensive turn-key energy efficiency services encompassing 25 projects totaling over $5M and providing over 9,000,000 kilowatt hours in annual energy savings. Projects have been successfully completed across a diverse portfolio of facilities including commercial and industrial buildings, hospitals and universities.
06:02 EDTEXCExelon upgraded to Overweight from Neutral at JPMorgan
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March 4, 2015
08:07 EDTPOM, EXCExelon, Pepco enhance proposed package of merger benefits in Maryland
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March 3, 2015
10:00 EDTEXCOn The Fly: Analyst Upgrade Summary
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08:34 EDTEXCExelon upgraded to Equal Weight from Underweight at Morgan Stanley
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February 27, 2015
07:26 EDTEXC, POMPepco anticipates closing Exelon merger in Q2 or Q3
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07:26 EDTEXC, POMPepco Holdings sees Exelon deal closing in Q2 or Q3
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07:13 EDTPOMPepco Holdings reports Q4 adjusted EPS 23c, consensus 20c
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February 19, 2015
11:31 EDTEXCConstellation selected by Federal Bureau of Prisons for $45M project
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