DOJ Alters Proposed Energy Merger

Law360, New York (June 22, 2006, 12:00 AM EDT) -- The Justice Department may have driven two major Mid-Atlantic utilities to sell several plants by filing a suit Thursday that threatens to derail their $16 billion merger.

The DOJ sued Exelon Corp. and the Public Service Enterprise Group Inc. for violating antitrust laws, saying their proposed merger would increase electricity prices for millions of consumers in the Mid-Atlantic region.

But the Justice Department filed a proposed consent decree along with the suit, meaning the charges would be dropped, subject to approval by the court, if Exelon...
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