SOURCE: Industrial Info Resources
May 22, 2014 06:15 ET
SUGAR LAND, TX--(Marketwired - May 22, 2014) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Exelon Corporation (NYSE:EXC) (Chicago, Illinois) agreed to pay $6.8 billion in cash to acquire Pepco Holdings Incorporated (NYSE:POM) (Washington, D.C.) to rebalance its business by lessening its reliance on unregulated nuclear power generation and increasing the role of regulated, monopoly electric and gas distribution. Exelon will keep its position as one of the largest power companies in the U.S. with this transaction, announced April 30. But for the deal to become effective, it will need to pass muster with numerous state and federal regulatory bodies. Assent is by no means assured.
Other companies featured: Dominion Resources Incorporated (NYSE:D), Entergy Corporation (NYSE:ETR), Public Service Enterprise Group Incorporated (NYSE:PEG), NextEra Energy Incorporated (NYSE:NEE), Northeast Utilities (NYSE:NU), Duke Energy Corporation (NYSE:DUK), Wells Fargo & Company (NYSE:WFC)
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