Delaware Public Service Commissioner Issues Order Approving Exelon and Pepco Holdings Inc. Merger

CHICAGO & WASHINGTON--(BUSINESS WIRE)--The Delaware Public Service Commission (PSC) today issued an order approving the merger between Exelon Corporation (NYSE: EXC) and Pepco Holdings Inc. (NYSE: POM) upon the terms set forth in the parties’ application, as amended by the Amended Settlement Agreement filed with the PSC on April 7, 2015. This action follows the Commission’s deliberations on May 19, 2015, when the Commission voted to approve the Amended Settlement Agreement. Today’s order approves the merger and authorizes the consummation of the merger. A further order with the PSC’s specific grounds for approval will follow at a later date. The companies announced their proposed merger on April 30, 2014, and submitted their application to merge to the PSC on June 18, 2014.