Power Group Online Article |  | |
21 May 2009 -- The Federal Energy Regulatory Commission May 21 approved Exelon's proposal to buy power generator NRG Energy, a bid that NRG continues to reject as inadequate.
The 4-0 vote by the FERC is one of several state and federal regulatory approvals Chicago-based Exelon Corp. needs to complete the deal for Princeton, N.J.-based NRG.
Exelon proposed buying NRG last October in an all-stock deal now worth nearly $6 billion. A combined Exelon and NRG would create one of the nation's largest power company with 47,000 MW.
Exelon, the nation's largest nuclear power company, praised the ruling, calling it a significant step toward completing the regulatory process. NRG has said regulatory approval is not as important as "Exelon's continued refusal to offer appropriate value to NRG stockholders."
Stories of interest:
DOE narrows list of nuclear project favorites
Exelon selects ABWR for Texas nuclear reactors
|
Return to Previous Page
Power Engineering Webcasts | |
|
Sponsored White Papers Library | | |
|
|
|
|
Articles 
| View all PennWell sites | View all PennWell events
Add RSS Feed
