Exelon presses on with NRG acquisition
The Federal Energy Regulatory Comission (FERC) has approved Exelon Corporation's application for its proposed acquisition of NRG Energy.
Elizabeth Moler, executive vice president, government and environmental affairs and public policy at Exelon, said: "We are very pleased that FERC has recognized that our application fully complies with FERC's requirements and has approved it. While we need to review the order and its conditions carefully before commenting further, the approval of our application by FERC is a major step in the regulatory approval process. The combination with NRG remains on track for closing in the fourth quarter
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