Thursday, June 01, 2006

NRC Approves Exelon Merger

Chicago Tribune:
Federal nuclear regulators on Wednesday approved a merger between Public Service Enterprise Group Inc. and Chicago-based Exelon Corp., but more hurdles remain before the companies can combine. The Nuclear Regulatory Commission's decision allows Exelon to operate the four nuclear power plants in which Newark, N.J.-based Public Service has a majority stake. Other regulatory approval is needed before the merger can be completed. The most contentious could be winning approval from the Board of Public Utilities in New Jersey, where Public Service is the biggest utility.