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The rejection of Exelon Corp.’s $6.8 billion takeover of Pepco Holdings Inc. proved a warning for an industry trying to gain approval for $40 billion worth of deals: Be ready for an uphill battle with local regulators. The District of ...
Read More »Exelon’s $6.8B Pepco deal in doubt after D.C.’s rejection
Regulators in Washington, D.C., rejected Exelon Corp.’s takeover of Pepco Holdings Inc., throwing in doubt a $6.8 billion deal. Pepco dropped as much as 20 percent to its lowest price in more than a year. The three-member Public Service Commission ...
Tagged with: exelon mergers and acquisitions pepco utilities
Read More »Judge rejects Md.’s bid to block Exelon takeover of Pepco
Exelon Corp. can push ahead with its $6.8 billion takeover of Pepco Holdings Inc. after a judge rejected arguments by Maryland officials that the deal gives the power company too much control over the state’s energy markets. Queen Anne’s County ...
Tagged with: exelon Pepco Holdings Inc.
Read More »Program exposes diverse group of Baltimore students to diverse practices of law
High school students who aspire to join the legal field are getting a glimpse of what it's like to work as a private practice attorney or in-house counsel this week.
Tagged with: exelon legal news Saul Ewing LLP U.S. District Court in Baltimore
Read More »Exelon plans bond sale for $6.8B Pepco merger
Exelon Corp., the largest U.S. nuclear operator, is planning to sell bonds to finance its acquisition of Pepco Holdings Inc., a move that would create the biggest electric and natural gas utility in the Mid-Atlantic region. Exelon will sell notes ...
Tagged with: exelon Pepco Holdings Inc.
Read More »Md. PSC approves Exelon-Pepco merger
The Maryland Public Service Commission has given its approval to a proposed merger between Exelon and Pepco Holdings Inc., but attached conditions to the deal. In a 3-2 decision, the commission approved the $6.83 billion merger but imposed nearly four ...
Tagged with: exelon merger pepco Public Service Commission
Read More »Hogan takes no position on proposed utility merger
Gov. Larry Hogan is taking a neutral stance on the proposed $6.8 billion merger between Exelon and Pepco Holdings, a position that has elicited disappointment from opponents of the deal.A coalition of environmental and social issues groups are among those who want Hogan to join with Attorney General Brian E. Frosh and others in opposing the merger, which critics note would make one company responsible for providing power to 85 percent of the state's residents.
Tagged with: Attorney General Brian E. Frosh exelon Larry Hogan Maryland Public Service Commission merger pepco
Read More »Hogan delays new PSC appointments until merger decision
The potential appointments raised the eyebrows of some merger opponents because the panel had already heard arguments on the proposed merger and one nominee would mean a second former employee of BGE on the five-person commission.
Tagged with: exelon merger Pepco Holdings Inc. PSC Public Service Commission
Read More »High schoolers to get a taste of legal life in push for diversity
When a group of several dozen aspiring lawyers visited the Baltimore offices of Exelon Corp. last summer, they toured the firm’s trading floor and took part in workshops led by attorneys from the company’s legal department and from major law ...
Tagged with: diversity exelon legal news Saul Ewing LLP
Read More »Melissa Sherrod: Merger is good for consumers
This week wrapped up two weeks of public hearings in Maryland on our proposed merger of Exelon and Pepco Holdings, Inc.
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