May 25, 2012 |
Exelon Corp., the parent company of Peco Energy Co., on Thursday launched a new corporate logo and brand strategy following its $7.9 billion merger with Constellation Energy Group of Baltimore. Exelon's new logo, which replaces the green and blue logo that Exelon has used since its formation in 2000, is "a modern, dynamic and progressive emblem that better represents the new company," Exelon said in a news release. The new logo depicts the company name beside a tri-color flag-like symbol "to represent that Exelon is leading the charge.
February 16, 2012
The Nuclear Regulatory Commission on Thursday said it has approved the proposed merger between Exelon Corp. and Constellation Energy Group, Inc. , including the indirect transfer of operating licenses for five commercial nuclear power plants and two spent fuel storage installations. The merger would result in Exelon indirectly owning 50.01 percent of Constellation Energy Nuclear Group , which is jointly owned by Constellation and EDF, Inc., a subsidiary of Electricité de France SA. The company holds operating licenses for five nuclear power plants – Calvert Cliffs 1 and 2 on Chesapeake Bay in Maryland, Nine Mile Point 1 and 2, near Oswego, N.Y., and R.E. Ginna Nuclear Power Plant, near Rochester, N.Y. The NRC's approval is one of several regulatory hurdles the merger needs to clear before it is consumated.
April 27, 2003 |
If you're a serious golf fan, it's time to start planning how you're going to spend the first week of June - the area is going to be awash in good golf. Come June 2, the top elder statesmen from the world of golf will begin arriving at Aronimink Golf Club in Newtown Square for practice rounds for the area's first major championship of any kind in 23 years, the Senior PGA Championship. And down the road in Wilmington, the best women players will be tuning up for their second major of the season, that week's McDonald's LPGA Championship at DuPont Country Club.
September 19, 2006
When an auctioneer starts the bidding at an unfair price, it takes a mighty long time to reach a deal that's attractive to potential buyers. Maybe that's one reason utility customers and government regulators were never really sold on Exelon's controversial, $17 billion takeover of New Jersey's major utility, Newark-based Public Service Enterprise Group. The deal that Peco Energy Co.'s parent finally scrapped last week was launched without any tangible benefits for consumers.
March 12, 2012 |
Exelon Corp., the Chicago company that owns Philadelphiaâs Peco Energy Co., on Monday completed its $7.9 billion takeover of Constellation Energy Group, which owns Baltimore Gas & Electric Co., to form one of the nationâs largest suppliers of energy products and services. With the merger, Exelonâs chairman and chief executive John W. Rowe retires. Christopher Crane, Exelonâs chief operating officer, becomes the combined companyâs president and chief executive and Mayo Shattuck III, Constellationâs chief executive, becomes executive chairman.
June 29, 2005 |
In a challenge to Exelon Corp.'s proposed acquisition of Public Service Enterprise Group Inc., Philadelphia Gas Works contends that the new company would have too much power over the region's electricity and natural-gas markets. The city-owned utility says the deal would give Exelon so much leverage that it could use control over gas supplies to artificially boost profits from its fleet of nuclear power plants. In testimony submitted this week to the Pennsylvania Public Utility Commission, PGW proposes requiring the merged company to sell its natural-gas holdings in Pennsylvania and New Jersey, including the gas-utility portions of Philadelphia's Peco Energy and Newark's Public Service Electric & Gas. That would go well beyond the divestitures already proposed by Exelon and PSEG to win approval of the deal, which was announced in December.
February 21, 2012 |
Garrett Dean Edwards, 64, of Kennett Square, a retired Exelon Corp. engineer and expert on nuclear power, died of a heart attack Wednesday, Feb. 15, at home. Mr. Edwards was a member of the engineering group involved in the construction and start-up of the Limerick nuclear power plant in Montgomery County for Peco Energy Co., now part of Exelon. Unit 1 at Limerick began operating in 1984. Unit 2 was powered in 1989. After a decade at Limerick, Mr. Edwards was plant manager at the Peach Bottom Atomic Power Station in York County from 1993 to 1998.
July 1, 2005 |
During negotiations that helped win approval for the 2000 merger that gave birth to Exelon Corp., Peco Energy Co. agreed to expand programs aimed at easing the utility-bill burden on the area's poorest families. One new program, begun in January 2004, was designed to serve up to 7,500 households in the toughest straits. So far it has enrolled 14. Overall, Peco has placed about 15,000 households in three new discount programs designed to accommodate up to 40,000 households with incomes below 50 percent of the federal poverty level - in other words, a family of two with income up to $6,415, or a family of four that takes in $9,675 or less.
June 16, 2005
Energy giant Exelon Corp. recently offered to sell off another 2.1 percent of its generating power so as to come in under weight for its merger with New Jersey's major utility. All told, the utility firm would whittle nearly 13 percent of its generating capacity to address competition concerns. But the proposed marriage of Exelon, parent of Peco Energy Co., and New Jersey's Public Service Enterprise Group Inc., which serves two million Public Service Electric & Gas customers, still looks to spawn the proverbial 900-pound elephant.
June 5, 2007 |
It was one of those moments of clarity, or stark reality, when the difference between us and them suddenly comes into focus. The us, in this case, are ordinary recreational golfers, even quite good golfers. The them are PGA Tour members. The moment in question came at yesterday's ninth Exelon Invitational at the ACE Club in Lafayette Hill, at the fifth hole. The fifth at the ACE Club is 385 yards from the back tees, and every inch of it is downhill, eventually leading to an enormous green, with a necklace of four ominous bunkers standing guard.