![]() ![]() On March 12, 2012, Exelon acquired Constellation Energy, with the combined company owning more than 34 gigawatts of power generation (55% nuclear, 24% natural gas, 8% renewable including hydro, 7% oil and 6% coal). On July 31, 2005, the Federal Energy Regulatory Commission approved the merger of Exelon and Public Service Enterprise Group, a New Jersey utility however, after 18 months, the two companies terminated the agreement due to pressure put on the New Jersey Board of Public Utilities by public interest groups, including New Jersey Citizen Action. The merger was overseen by the CEO of Unicom, John Rowe, who joined the corporation in 1998 and led the newly-formed Exelon until 2012, becoming the nation's longest-serving utility executive. Unicom was based in Chicago and the city became the headquarters of the new entity. Įxelon Corporation was created in October 2000 by the merger between PECO Energy Company, formed in 1902, and Unicom Corporation, the parent of Commonwealth Edison, formed in 1907. that serves 842,000 electric customers in the district and parts of Maryland.
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