January 2005
Investment Dealers' Digest;1/10/2005, Vol. 71 Issue 1, p22
Trade Publication
This article provides some news from energy and power sector. Exelon agreed to acquire Newark, New Jersey-based Public Service Enterprise Group for $12.81 billion in stock, creating the country's largest power generator. The new company, which will be named Exelon Electric & Gas, will have $79 billion in assets and serve 7 million electric and 2 million gas customers. The takeover will allow Exelon to expand further from its Illinois roots and deeper into the large Northeastern power market.


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