Rising Costs Threaten Utility Sector’s Large Dividends

To combat rising costs, companies in the Electric Utilities Sector have been looking to mergers and acquisitions to keep profits steady and maintain their healthy dividends. Stricter environmental regulations require that any new power plants built that are large enough to produce 75,000 tons of carbon dioxide a year must use the best available control... 

Business and Environmental Groups Unite in Support of Climate Legislation

Exelon Chairman and CEO John W. Rowe and Natural Resources Defense Council President Frances G. Beinecke today urged Midwest business leaders to support comprehensive climate legislation. In a panel discussion at the Economic Club of Chicago, Rowe and Beinecke said economy-wide cap-and-trade legislation to reduce greenhouse gas emissions is essential... 

Exelon Generation and ODEC Sign 10-Year Energy Supply Contract

Exelon Generation announced that the Old Dominion Electric Cooperative (ODEC) awarded it a ten-year contract commencing on June 1, 2010 to provide 200 MWs of baseload generation capacity and energy. ODEC awarded Exelon the deal as a result of a competitive bidding process it initiated in June 2009. The long-term contract with ODEC fits squarely within... 

Exelon Generation Formally Integrates AmerGen Assets Into Exelon Nuclear

Exelon Generation officially integrated the nuclear generation assets held by its AmerGen Energy Company LLC subsidiary into Exelon Nuclear and dissolved the AmerGen legal entity. The Nuclear Regulatory Commission approved the formal transfer of the operating licenses for these facilities to Exelon Generation on Dec. 23, 2008, which was a key step in... 

Exelon Plays Leadership Role in 2008 Wharton Energy Conference

Exelon is playing a leadership role at today’s Wharton Energy Conference, which brings together more than 200 energy industry thought leaders and business school students for a meaningful discussion about the future of energy. “Exelon has been a proud sponsor of this event for three years in a row,” said Delia Stroud, vice president of public... 

ComEd Hosts Community Energy Challenge for Chicagoland Communities

ComEd today announced its first Community Energy Challenge, one of the first of its kind in the nation. A dozen local municipalities have been chosen to participate due to their demonstrated commitment to sustainability. The Challenge will kick off Nov. 12 with a Mayors’ Planning Charrette at the Museum of Science and Industry in Chicago and will... 

PECO Begins Second Round of Bidding for Renewable Energy Credits

For the second time in 2008, PECO is inviting renewable energy producers to submit bids to sell alternative energy “credits” to help the company fulfill the requirements of Pennsylvania’s Alternative Energy Portfolio Standards (AEPS) legislation. The details of the request for proposal (RFP) will be discussed in a teleconference on Monday, November... 

Exelon Details the Value Creation Opportunities in an Exelon-NRG Combination

Exelon Corporation today filed with the Securities and Exchange Commission and posted to its Web site a presentation for investors with additional details on the value that would be created by its offer to acquire all of the outstanding common stock of NRG Energy, Inc. in an all-stock transaction. “The combination creates clear and compelling value... 

NRG Energy, Inc. Confirms Receipt of Unsolicited Proposal from Exelon Corporation

NRG Energy, Inc. confirmed that it has received an unsolicited proposal from Exelon Corporation to acquire all of the outstanding shares of NRG Energy at a fixed exchange ratio of 0.485 Exelon shares for each NRG common share. NRG’s Board of Directors will review Exelon’s proposal with their advisors and determine the appropriate response in due... 

Exelon Corporation Offers to Acquire NRG Energy, Inc. in $6.2 Billion Transaction

Exelon Corporation announced its proposal to acquire Princeton, N.J.-based NRG Energy, Inc.. Exelon has offered to acquire all of the outstanding NRG common stock in an all-stock transaction with a fixed exchange ratio with a value of $26.43 for each NRG common share, representing a total equity value of approximately $6.2 billion for NRG based on Exelon’s...