Exelon President and CEO Chris Crane will serve in those roles for the combined company. Pepco Chairman, President and CEO Joseph Rigby will stay in his positions until the transaction closes. He had announced in January that he plans to retire in the first half of 2015. To help ease the transition, he step down as CEO near the end of this year after his successor is chosen.
Exelon also announced mixed first quarter results on Wednesday. The company reported adjusted earnings of 62 cents per Nike Air Max Tavas Atomic Pink
Atlantic electric and gas utility
The deal will combine Exelon Corp. electric and gas utilities BGE, ComEd and PECO with Pepco Atlantic City Electric, Delmarva Power and its namesake utility.
and regulatory approvals.
Chicago Exelon will put $100 million into a customer investment fund to be used across the Pepco utilities service territories as each state public service commission feels is appropriate for customer benefits, such as rate Nike Air Max 2015 Size 14
credits, assistance for low income customers and energy efficiency measures.
The deal Nike Air Max 2015 Crimson Red is expected to significantly add to Exelon adjusted earnings in the first full year after the acquisition is complete.
share on revenue of $7.24 billion. Analysts surveyed by FactSet predicted earnings of 69 cents per share on revenue of $6.56 billion.
Both companies boards unanimously approved the transaction, which is targeted to close in 2015 second or third quarter. The deal needs approval from Pepco shareholders Nike Air Max 2015 Id (Wide) Men's Running Shoe
CHICAGO Energy provider Exelon is buying Pepco Holdings Inc. for $6.83 billion to create a large electric and gas utility in the Mid Atlantic region.
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