Exelon Receives FERC Approval for Proposed NRG Acquisition
Commission’s unanimous approval considered a major step in completing the regulatory approval process
CHICAGO (May 21, 2009) – The Federal Energy Regulatory Commission (FERC) today unanimously approved Exelon Corporation’s (NYSE: EXC) application for its proposed acquisition of NRG Energy, Inc. (NYSE: NRG), as required by Section 203 of the Federal Power Act, a significant step toward completion of the regulatory approval process.
“We are very pleased that FERC has recognized that our application fully complies with FERC’s requirements and has approved it,” said Elizabeth A. Moler, Exelon executive vice president, government and environmental affairs and public policy. “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 of 2009.”
A copy of Exelon’s complete FERC filing is available at www.exeloncorp.com.
Source: Exelon Corp.
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