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... 

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... 

Major Michigan Utility Selects GE Hitachi Nuclear Reactor Design in License Application to NRC

Detroit Edison, Michigan’s largest electric utility, today submitted a combined construction and operating license application (COLA) to the U.S. Nuclear Regulatory Commission for a potential new reactor, based on GE Hitachi Nuclear Energy’s ESBWR design, at its existing Fermi 2 Power Plant site. The facility is on the shore of Lake Erie, 35 miles... 

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... 

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...