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Stock Market & Financial Investment News

News Breaks
June 18, 2014
11:17 EDTPOM, EXCExelon, 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.
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.

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