Exelon-Constellation merger complete

Exelon Corp. (NYSE:EXC) and Constellation Energy (NYSE:CEG) said they have completed their merger, effective March 12, 2012.

Upon the closing of the merger, Christopher M. Crane became president and CEO of the combined company, and Mayo A. Shattuck III became executive chairman. The new company retains the Exelon name and remains headquartered in Chicago, with operations in Maryland, Illinois and Pennsylvania. It will trade on the New York Stock Exchange under the symbol EXC.

The merged company is now one of the nation’s largest competitive energy products and services suppliers by load with about 164 TWh hours per year, 100,000 business and public sector customers and approximately 1 million residential customers. Exelon will have operations and business activities in 47 states, the District of Columbia, and Canada. The company also has one of the nation’s largest and power generation fleets, with approximately 35,000 MW of owned power generation, including more than 19,000 MW of nuclear power.

The three utilities within Exelon – Baltimore Gas and Electric, ComEd and PECO – remain headquartered in Baltimore, Chicago and Philadelphia, respectively.

The two companies are combining operations immediately, and integration efforts are underway.

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