For the $16 billion merger between Exelon and Public Service Enterprise Group to get past the Department of Justice, the two utilities must divest six electricity generating plants in the mid-Atlantic. The DOJ unveiled its terms in a lawsuit to block the deal and a proposed settlement agreement filed concurrently in federal district court in Washington. Without the divestitures, wholesale prices for electricity would increase, the DOJ said, causing residential rates for millions of consumers to rise.
June 26, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
For the $16 billion merger between Exelon Corp. and Public Service Enterprise Group Inc. to get past the Department of Justice, the two utilities must divest six electricity generating plants in the mid-Atlantic U.S.
The Justice Department on Thursday unveiled its terms in a lawsuit to block the deal and a proposed settlement agreement filed concurrently in federal district court in Washington. A federal judge must now approve the settlement.
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