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... 

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... 

Exelon Recognized for Sustainability and Climate Change Leadership

In recognition of Exelon Corporation’s leadership in disclosing climate change risks and opportunities, the Carbon Disclosure Project (CDP) ranked it the top U.S. utility on the 2008 Carbon Disclosure Leadership Index (CDLI). This is Exelon’s fourth consecutive year on the CDLI. In addition, the company recently was included in the Dow Jones Sustainability... 

Exelon CEO to Urge Congress to Develop a Marshall Plan for Energy

In testimony before the U.S. Senate Energy Committee on Sept. 12, Exelon Chairman, President and CEO John Rowe will call on Congress to develop a 21st century Marshall Plan for energy, as part of a three-part plan to address the nation’s energy challenges. “I believe nothing less than a comprehensive national effort for energy will put us on the... 

Send Students Back to School With High Scores in ‘Electrical Safety 101′

As teachers do their best to enforce solid study habits this fall, it is a good time for parents to remind their children about the ABCs of electricity safety. Electrical shocks and fires injure thousands of people each year. According to the U.S. Fire Administration, an estimated 28,300 residential building electrical fires cause 360 deaths, 1,000... 

Exelon Announces $1.5 Billion Share Buyback; Revises Full Year 2008 Earnings Guidance

Exelon Corporation announced that its board of directors has approved a share repurchase program for up to $1.5 billion of its outstanding common stock. Exelon expects to complete the share repurchase program within the next six months. “We have an increasingly strong cash flow profile and balance sheet, which allow us to pursue new growth opportunities...