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FERC Approves Exelon - PSEG Merger.

Publication: Business Wire
Publication Date: 30-JUN-05 		Format: Online - approximately 768 words
Delivery: Immediate Online Access

Article Excerpt
CHICAGO & NEWARK, N.J. -- Exelon Corporation (NYSE:EXC) and Public Service Enterprise Group Incorporated (NYSE:PEG) announced that the Federal Energy Regulatory Commission (FERC) approved their merger earlier today.

FERC determined that the Exelon/PSEG merger satisfies the public interest standard of the Federal Power Act.

"We are delighted that the Commission has acted to approve the merger expeditiously, recognizing the very real benefits that it will deliver. This is a significant milestone toward completion," said Betsy Moler, executive vice president of government and environmental affairs and public policy at Exelon. "We look forward to reviewing the formal order as soon as it is available."

Ed Selover, senior vice president and general counsel of PSEG, said,...

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