Key Developments: Exelon Corp (EXC.N)

EXC.N on New York Stock Exchange

34.29USD
22 Sep 2014
Price Change (% chg)

$-0.12 (-0.35%)
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Latest Key Developments (Source: Significant Developments)

Exelon Corp's PECO announces pricing of $300 mln first and refunding mortgage bonds
Thursday, 11 Sep 2014 02:27pm EDT 

Exelon Corp's PECO:Prices $300 million of first and refunding mortgage bonds with an interest rate of 4.15 percent due Oct. 1, 2044.Net proceeds from the sale of the bonds will be used to pay, at maturity, $250 million in aggregate principal of PECO's 5 percent first and refunding mortgage bonds due Oct. 1, 2014 and for other general corporate purposes.Says offering, priced on Sept. 8, is scheduled to close on Sept. 15.Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc. and RBS Securities Inc. are leading the offering as active joint book-running managers.BNY Mellon Capital Markets, LLC and TD Securities (USA) LLC. are serving as passive joint book-running managers.PNC Capital Markets LLC is serving as senior co-manager for the offering, and CastleOak Securities, L.P. and Mischler Financial Group, Inc. are serving as co-managers for the offering.  Full Article

Exelon Corp reaffirms FY 2014 guidance
Thursday, 31 Jul 2014 07:00am EDT 

Exelon Corp:Says that it on track to meet FY 2014 financial targets and finish FY 2014 within its guidance range.  Full Article

Exelon Corp's constellation business acquiring Integrys Energy Group services to grow competitive retail energy supply business
Wednesday, 30 Jul 2014 08:00am EDT 

Exelon Corp and Integrys Energy Group Inc:To purchase Integrys Energy Services Inc., a competitive retail electricity and natural gas subsidiary serving about 1.2 mln commercial, industrial, public sector and residential customers across 22 Midwest, mid-Atlantic and Northeastern states and the District of Columbia.Integrys Energy Services will become part of Exelon's Constellation business unit, strengthening Constellation's retail power and gas business, serving about 2.5 mln residential and business customers across the continental United States.Exelon will pay $60 million for the Integrys retail operations, plus adjusted net working capital at the time of closing.Integrys Energy Services had adjusted working capital of about $183 million as of May 31, 2014.Transaction does not include Integrys' energy assets -- primarily solar -- which will remain a part of Integrys Energy Group, Inc.  Full Article

Exelon Corp declares quarterly dividend
Tuesday, 29 Jul 2014 11:06am EDT 

Exelon Corp:Declares a regular quarterly dividend of $0.31 per share.Payable on Sept. 10, to shareholders of record on Aug. 15.  Full Article

Exelon Corporation and Pepco Holdings Inc file for merger approval with utility commissions in Delaware, New Jersey and Washington, D.C
Wednesday, 18 Jun 2014 11:16am EDT 

Exelon Corporation and Pepco Holdings Inc:Files applications seeking approval of their proposed merger with the Delaware Public Service Commission, the Public Service Commission of the District of Columbia and the New Jersey Board of Public Utilities.Companies announced their proposed merger on April 30.Combination of companies will bring together Exelon's three electric and gas utilities - BGE, ComEd and PECO - and Pepco Holdings' (PHI's) three electric and gas utilities - Atlantic City Electric, Delmarva Power and Pepco - to create mid-Atlantic electric and gas utility.Filings describe the transaction's benefits to customers and the communities that the companies serve.Submission of filings initiates the regulatory approval process in Delaware, the District of Columbia and New Jersey.  Full Article

Exelon Corp prices common stock and equity units offerings
Thursday, 12 Jun 2014 08:00am EDT 

Exelon Corp:Prices concurrent public offerings of 50,000,000 shares of its common stock in connection with forward sales agreements and 20,000,000 equity units (aggregate stated amount of $1 bln).Net proceeds of offerings will be used to finance portion of the Pepco Holdings Inc. and for general corporate purposes.Prices 50,000,000 shares of its common stock at public offering price of $35 per share and has granted the underwriters 30-day option to purchase an additional 7,500,000 shares of Exelon common stock upon same terms.Offering of common stock is expected to close on June 17.  Full Article

Exelon Corp announces common stock and equity units offerings
Tuesday, 10 Jun 2014 04:01pm EDT 

Exelon Corp:Says that it plans to commence concurrent registered offerings of 50,000,000 shares of its common stock in connection with forward sales agreements and 20,000,000 equity units.Net proceeds of the offerings will be used to finance a portion of the Pepco Holdings Inc. acquisition announced on April 30, 2014, and for general corporate purposes.  Full Article

Exelon declares regular quarterly dividend
Tuesday, 6 May 2014 12:34pm EDT 

Exelon Corp:Declares a regular quarterly dividend of $0.31 per share.Payable on June 10 to shareholders of record on May 16.  Full Article

Exelon Corporation and Pepco Holdings gives Q2 2014 EPS guidance in line with analysts' estimates - Conference Call
Wednesday, 30 Apr 2014 11:00am EDT 

Exelon Corporation and Pepco Holdings Inc:Expects guidance of $0.40 to $0.50 per share for the Q2 2014 operating earnings.Q2 2014 EPS of $0.50 - Thomson Reuters I/B/E/S.  Full Article

Exelon Corporation to acquire Pepco Holdings Inc
Wednesday, 30 Apr 2014 06:00am EDT 

Exelon Corporation and Pepco Holdings Inc:Signs definitive agreement to combine the two companies in all-cash transaction.Says brings together Exelon's three top-performing electric and gas utilities - BGE, ComEd and PECO and Pepco Holdings' electric and gas utilities - Atlantic City Electric, Delmarva Power and Pepco.Says to create Mid-Atlantic electric and gas utility.Combined utility businesses will serve about 10 mln customers and have a rate base of about $26 bln.Transaction will further expand Exelon's regulated holdings, ensuring a balanced earnings mix as power prices recover.Says all-cash transaction consideration of $27.25 per share represents a 24.7 pct premium to Pepco Holdings' closing price of $21.85 on April 25.Transaction is supported by a fully committed $7.2 bln bridge facility with Barclays and Goldman Sachs.Exelon expects the permanent financing plan to include a combination of Exelon equity issuance, long-term debt and corporate cash.Barclays, Goldman, Sachs & Co. and Loop Capital Markets are serving as financial advisors and Kirkland & Ellis LLP is serving as legal counsel to Exelon.Lazard provided fairness opinion and served as lead financial advisor to Pepco Holdings, Morgan Stanley provided fairness opinion to Pepco Holdings Board.Says Sullivan & Cromwell LLP and Covington & Burling LLP served as legal counsel to Pepco Holdings.  Full Article

Exelon shuts New Jersey 614-MW Oyster Creek nuclear reactor

July 8 - Exelon Corp's 614-megawatt Oyster Creek nuclear power plant in New Jersey commenced a plant shutdown on Monday night for maintenance of safety equipment that operates valves located inside the drywell, the company said in a statement. The statement did not provide any timeline for the work at the reactor or any tentative return date. ---------------------------------------------------------- PLANT BACKGROUND/TIMELINE STATE: New Jersey COUNTY: Ocean TOWN: For

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