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Stock Market & Financial Investment News

News Breaks
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.
News For EXC;POM From The Last 14 Days
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May 20, 2015
18:01 EDTPOMPepco Holdings subsidiary awarded U.S. Army Corps of Engineers contract
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May 19, 2015
15:36 EDTEXC, POMPepco takeover by Exelon approved by Delaware regulators, Bloomberg reports
Delaware's PSC voted 3-0 in favor of approving he takeover, Bloomberg reported, citing an email statement from a spokesman for the regulator.
08:10 EDTEXCHouse Energy & Commerce Committee to hold a hearing
The Energy & Power Subcommittee holds a hearing entitled, "Discussion Draft Addressing Energy Reliability and Security" with Director Bardee of FERC, President & CEO Fanning of Southern Company, Executive Vice President Dominguez of Exelon Corp., and Vice President Heitman of ABB, Inc. on May 19 at 10 am. Webcast Link
May 18, 2015
08:02 EDTEXC, POMExelon, Pepco accept, pledge to fulfill conditions in merger order from MPSC
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May 15, 2015
14:46 EDTEXC, POMExelon, Pepco say MPSC approval must be 'carefully' reviewed
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13:38 EDTPOM, EXCMaryland PSC conditionally approves Exelon, Pepco merger
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