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Exelon’s shareholders follow PSEG’s by approving merger

first_img Facebook RELATED ARTICLESMORE FROM AUTHOR By chloecox – 7.25.2005 Optimizing Plant Performance: The April POWERGEN+ series activates today Twitter 25 July 2005 – Exelon Corporation’s shareholders have approved the company’s proposed acquisition of Public Service Enterprise Group (PSEG), who’s own shareholders voted in favour of the deal last Tuesday. No posts to display Linkedin New Jersey utility regulators extend zero-carbon breaks for PSEG nuclear power plants Linkedin John W. Rowe, chairman, president and CEO of Exelon, said: “With approvals from shareholders and the Federal Energy Regulatory Commission, we are past two important milestones on our way to creating Exelon Electric and Gas.”center_img The merger will be completed in the second quarter of 2006, pending regulatory approvals from the New Jersey Board of Public Utilities and Pennsylvania Public Utility Commission, as well as reviews by US Department of Justice, Nuclear Regulatory Commission, and Securities and Exchange Commission, among others. TAGSExelonPSEG The approval of the merger was announced at the company’s annual shareholders meeting last week where Rowe said he did not expect to build any more nuclear power plants until the issue of storing spent fuel had been sorted by the government. He stated that most companies shared this view. Nuclear Previous articleJapanese electricity retailers co-operate to lower costsNext articleIran agrees $1bn funding for Iraq energy reconstruction chloecox Twitter Suitors for halted Bellefonte nuclear project ask TVA to consider climate in reviving sale Facebook Exelon’s shareholders follow PSEG’s by approving merger Rowe also said that the company would not be looking to make any further acquisitions in the near future.last_img read more

Julia Roberts reuniting with Denzel Washington for Netflix drama ‘Leave The World Behind’

first_imgVince Bucci/Getty Images(LOS ANGELES) — Netflix has landed some more major star power.The upcoming Julia Roberts–Denzel Washington drama Leave The World Behind, from Mr. Robot director Sam Esmail, will be coming to the streaming giant, according to Entertainment Weekly.  The, drama, based on Rumaan Alam‘s upcoming novel, follows “two families, strangers to each other, who are forced together on a long weekend gone terribly wrong,” according to the official synopsis. The project reportedly deals with the struggles of race, class, and parenthood, amid a mysterious blackout.The film marks a reunion for Oscar winners Washington and Roberts, who starred together on the 1993 film The Pelican Brief.By George Costantino and Stephen IervolinoCopyright © 2020, ABC Audio. All rights reserved.last_img read more