Exelon Merger: Final Hurdle

Exelon passed its final hurdle with a approval from the Federal Energy Regulatory Commission.  They had a  $7.9 billion dollar merger with Baltimore-based Constellation Energy that granted them the chance to divest three of Constellation's powers plants totaling 2,648 megawatts.  The two companies have also agreed to sell 500 megawatts of base load energy in a contract that lasts until 2015.  The CEO of the company will leave a combined company operating an energy fleet that is 87% low emission generation that includes nuclear, hydroelectric, wind solar and natural gas energy. While the U.S. Environmental protection agency provides a tougher stance against hazardous air pollutants and mercury emissions the new company could have an advantage because most of its fleets either are non-emitting or outfitted with the necessary environmental controls.