Exelon Corporation and Pepco Holdings have completed their US$6.8bn merger transaction, following the approval of the merger by the Public Service Commission of the District of Columbia (United States).
The merger brings together Exelon's three electric and gas utilities, namely BGE, ComEd and PECO, and Pepco Holdings' three electric and gas utilities, namely Atlantic City Electric, Delmarva Power and Pepco, to create the leading mid-Atlantic electric and gas utility company.
Active in 48 US States, Exelon is one of the largest competitive U.S. power generators, with more than 35,000 MW of owned capacity. The company’s Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon’s utilities deliver electricity and natural gas to more than 7.8 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO). Pepco is one of the largest energy delivery companies in the Mid-Atlantic region, serving about 2 million customers in Delaware, the District of Columbia, Maryland and New Jersey. PHI subsidiaries Pepco, Delmarva Power and Atlantic City Electric provide regulated electricity service; Delmarva Power also provides natural gas service.
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