Exelon CEO is open to negotiations with Maryland officials

Exelon Corp.’s CEO said the company is open to negotiations with Maryland energy officials about building renewable energy generation in the state.

The company had previously rejected a call from the Maryland Energy Administration that it build as much as 400 megawatts of renewable generation in Maryland. Exelon (NYSE: EXC) promised to build 25 megawatts of renewable power in the state as part of its $7.9 billion merger with Baltimore-based Constellation Energy Group (NYSE: CEG).

“We are very happy to have a live negotiation with Maryland officials, but we’re not going to give away the real value in this transaction,” Exelon CEO John W...