Constellation/Exelon deal signals more power M&A fervour
Low power demand and gas prices drive further US power consolidation as companies try to increase margins through cost reductions
The merger announced last week by Chicago-based generator Exelon and Baltimore power company Constellation Energy marks another attempt by US power companies to combat low power demand and flat gas prices, according to Standard & Poor's.
The combined value of Exelon and Constellation was estimated at $52 billion in a statement released by the companies last week. The stock-for-stock transaction will result in the amalgamation of Exelon’s “large, environmentally advantaged generation fleet” with
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