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.

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