- Exelon (EXC -1.1%) is lower after Bernstein's Hugh Wynne says it may be one of the most adversely affected companies by yesterday's Supreme Court decision to put Pres. Obama Clean Power Plan on hold.
- Investors also may be jittery over EXC's proposed takeover of Pepco (POM +0.7%); the two agreed to combine in April 2014, but they're still awaiting approval from one of their market's regulatory bodies - the D.C. Public Service Commission - which initially voted to reject the merger last August.
- EXC CEO Chris Crane said on the company's earnings call last week that if there is no resolution from the D.C. PSC by March 4, "we have to fold up" the deal.
- The spread between the offer price and POM's stock has been volatile, but at the current level it implies an 85% probability the deal will be able to close, Bloomberg's Tara Lachapelle writes.