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Exelon, PHI move ahead with merger plan

Exelon Corp., of Chicago, the nation’s largest nuclear power plant operator, and Washington, D.C.-based Pepco Holdings Inc., a mid-Atlantic energy supplier, on Wednesday asked utility regulators in Delaware, New Jersey and Washington to approve their proposed merger.

Exelon announced on April 30 that it intended to acquire Pepco Holdings for $6.8 billion in an all-cash deal.

The companies also said they plan to file in August for approval from the Maryland Public Service Commission.

Approval also is being sought from the Federal Energy Regulatory Commission and the Virginia State Corporation Commission.

Stockholders of PHI also must approve the acquisition, which is slated to be completed in the second or third quarter of 2015.