Exelon

The Public Service Commission has approved the proposed Constellation/Exelon merger, with conditions. Forty of them. What are they? And what do they mean for consumers and investors? We’ll ask Maryland People’s Counsel Paula Carmody and Morningstar utilities analyst Travis Miller.
Plus, what item from Charm City would you wish for? It must be able to fit in a breadbox! Author Laurel Snyder talks about her book that explores this concept.

Still awaiting final approval from Maryland’s Public Services Commission on its purchase of Constellation Energy, Exelon has already selected a spot for its new headquarters: Harbor Point. The 27-acre brownfield site once home to a chromium plant, is located in the Harbor East area of Baltimore, about a mile from downtown. Artist renderings of the building show a 22-story tower, a park and a lacrosse field – a shiny new addition to the city’s waterfront.

The O'Malley administration, the Maryland Energy Administration, the Maryland People's Counsel, the staff of the Maryland Public Service Commission and now Constellation Energy's second-largest shareholder all have raised objections to the $7.9 billion sale of the Baltimore-based energy company to Chicago-based Exelon Corp. How will all that effect the deal and what does the deal mean for BGE customers in Maryland? The PSC, the state's energy regulator, will begin hearings Oct. 31 to examine the deal.