DOJ Orders Exelon To Sell 3 Plants For $7.9B Deal

Law360, New York (December 21, 2011, 2:33 PM EST) -- The U.S. Department of Justice on Wednesday accepted utilities giant Exelon Corp.'s offer to shed three electricity plants in Maryland in order to win antitrust approval for its $7.9 billion deal for Constellation Energy Group Inc.

The companies had already proposed divesting the three Constellation-owned, mainly coal-fired plants in the mid-Atlantic market, which they said was the only market with any major overlap, in their May application for merger approval from the Federal Energy Regulatory Commission, according to the companies' proxy statement on the deal....
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