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 to our nation’s economy and the environment. “It is rare to see business and environmental groups... Read more..
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 for both Exelon and NRG shareholders,” said Chris Crane, president and COO, Exelon. “It provides... Read more..
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 closing price on October 17. In a letter delivered today to NRG President and CEO David Crane... Read more..
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 North America Index (DJSI) for the third consecutive year. “We are pleased to have our... Read more..
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 and return value to our shareholders, such as through this stock buyback,” said John W. Rowe,... Read more..