Exelon Corporation and Constellation Energy to combine

Thomas Peracchio  for the Wilmington Technology Examiner 

Exelon also operates the world famous Three Mile Island facility in Pennsylvania
Photo: United States Department of Energy

Nuclear power giant Exelon Corporation announced this week their intent to merge with Constellation Energy in what investors call a stock-for-stock transaction.

While Delaware residents may not immediately recogize the Exelon name, they are probably familiar with the many Exelon nuclear power plants in our area.

Exelon Nuclear operates Peach Bottom Atomic Power Station and Limerick Generating Station in south eastern Pennsylvania, as well as Oyster Creek Generating Station in New Jersey. Exelon also operates the world famous Three Mile Island facility in Pennsylvania, known as the site of the largest nuclear accident in the United States to date.  Exelon Nuclear’s headquarters is in Kennett Square, Pennsylvania.

Philadelphia area residents are familiar with Exelon as the owner of PECO Energy, formerly the Philadelphia Electric Company.

Constellation Energy, headquartered in Baltimore, Maryland, has a diversified mix of electrical generating plant, but they also operate a near by nuclear power plant.  The Calvert Cliffs Nuclear Power Plant is a nuclear power plant located on the western shore of the Chesapeake Bay operated by Constellation Energy.

Baltimore Gas and Electric would keep its name and headquarters but would become a subsidiary of Exelon.

Click post title to read more.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: