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Exelon, Pepco reach settlement with New Jersey regulators in proposed merger

Jan. 14, 2015 5:56 PM ETExelon Corporation (EXC) StockBy: Carl Surran, SA News Editor
  • Exelon (NASDAQ:EXC) and Pepco Holdings (POM) say they have reached a settlement with staff of the New Jersey Board of Public Utilities approving the $6.8B merger of the two companies.
  • The settlement, which still requires the approval of the BPU's commissioners, would provide $62M in bill credits for Atlantic City Electric customers, an energy efficiency program, and commitments to improve the utility's reliability performance.
  • The proposed merger requires approvals of regulators in Delaware, Maryland and D.C.; the FERC and Virginia regulators already have approved it.

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