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Stock Market & Financial Investment News

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June 18, 2014
11:17 EDTEXC, POMExelon, Pepco Holdings file for merger approval with utility commissions
Exelon Corporation (EXC) and Pepco Holdings (POM) filed applications seeking approval of their proposed merger with the Delaware Public Service Commission, the Public Service Commission of the District of Columbia and the New Jersey Board of Public Utilities. The companies announced their proposed merger on April 30. The companies have already made transaction-related filings with the Federal Energy Regulatory Commission 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 plan to file for merger approval with the Maryland Public Service Commission in August, which still allows for the completion of the merger in the anticipated timeframe of the second or third quarter of 2015.
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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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