Exelon picks ex-AEP executive Stough for new transmission operationOctober 1st, 2009 Stough to run Exelon transmission ventureCHICAGO — Power company Exelon said Thursday that John Stough has been appointed as vice president and chief development officer for its new company that will seek to capitalize on the growing market for additional transmission lines. Stough joins Exelon from American Electric Power where he was vice president for a joint venture between Columbus, Ohio-based AEP and MidAmerican Energy Holdings Co.
USEC says Exelon has signed deal valued at nearly $1.2B for enriched uranium from Ohio plantSeptember 10th, 2009 USEC inks $1.2B deal with Exelon for uraniumBETHESDA, Md. — The country's sole provider of enriched uranium for nuclear power plants says Exelon Generation Co.
Exelon second quarter profit falls on weak demand, cool temperaturesJuly 24th, 2009 Exelon 2Q earns fall 12 percent during cool summerCOLUMBUS, Ohio — Exelon said Friday that its second-quarter profit fell 12 percent as the weak economy and cooler-than expected weather in its service areas in Chicago and Philadelphia cut into demand for electricity. Chicago-based Exelon said it made $657 million, or 99 cents per share, for the quarter ended June 30 compared with profit of $748 million, or $1.13 per share, in the year-ago period.
Exelon terminates $7.4 billion bid for NRG after shareholders block board coupJuly 21st, 2009 Exelon walks away from $7.4 billion bid for NRGCOLUMBUS, Ohio — The proposed $7.4 billion, all-stock deal between Exelon and NRG Energy was meant to bring consolidation to a fragmented industry, creating the nation's largest power company that would be able to deliver electricity to 45 million homes. Instead, the deal collapsed Tuesday when Exelon scrapped the bid — refusing to budge from a second and seemingly final offer.
After 9 months, Exelon's $7.4B bid for NRG comes down to shareholder voteJuly 20th, 2009 Exelon-NRG fight comes to head, maybeCOLUMBUS, Ohio — After a nine-month fight, Exelon's $7.4 billion, all-stock bid to create the nation's largest power generator by buying NRG Energy is coming to a head, maybe. NRG shareholders on Tuesday will vote on Exelon's proposal to increase the size of NRG's board and with it, a group that would be more open to a deal.
NRG Energy rejects Exelon's sweetened hostile takeover bid, says it undervalues businessJuly 8th, 2009 NRG Energy turns down Exelon's revised offerPRINCETON, N.J. — NRG Energy Inc.
Rebuffed EMC boosts bid for Data Domain, topping rival bid its target has accepted from NetAppJuly 6th, 2009 EMC hikes offer for Data Domain, bidding escalatesNEW YORK — Firing the latest salvo in a bidding brawl, data storage company EMC Corp. boosted its offer for Data Domain which has already accepted a lower bid from NetApp Inc.
Exelon raises stakes in hostile bid for NRG, offering $8 billionJuly 2nd, 2009 Exelon raises hostile bid for NRG to $8 billionCOLUMBUS, Ohio — Exelon Corp. on Thursday sweetened its hostile takeover bid for NRG Energy Inc.
Exelon postpones plan for nuclear plant in Texas over economic worriesJuly 1st, 2009 Exelon delays plan for Texas nuclear plantCOLUMBUS, Ohio — Power generator Exelon Corp. said Tuesday it has called off plans for now to build a new nuclear plant in Texas because of worries over the economy and the limited availability of federal loan guarantees.
Exelon first quarter earnings climb by 23 percent on back of increased nuclear outputApril 23rd, 2009 Exelon 1Q earnings up 23 percentCHICAGO — Exelon says its first quarter earnings rose 23 percent, driven by increased output at its nuclear operations and higher rates. Chicago-based Exelon, the nation's largest nuclear power generator, said Thursday that it made $712 million, or $1.08 per share, compared with profit of $581 million, or 88 cents per share, in the year-ago quarter.
Exelon first quarter earnings climb by 23 percent on back of increased nuclear outputApril 23rd, 2009 Exelon 1Q earnings up 23 percent on nuclear outputCOLUMBUS, Ohio — Exelon on Thursday said its first quarter earnings rose 23 percent, driven by increased output at its nuclear operations and higher rates. The company reiterated its profit outlook of $4 to $4.30 per share for the year and in premarket trading, company shares jumped nearly 6 percent, or $2.68, to $48.20.
Pfizer offers Rs.6.8 bn to raise stake in Indian armApril 13th, 2009 MUMBAI - Global pharmaceutical major Pfizer Monday said it will make an offer to acquire a further 33.77 percent in its Indian subsidiary Pfizer Ltd for Rs.6.8 billion. The acquisition will raise its stake to 75 percent.
ONGC defers fresh investments in Imperial EnergyMarch 26th, 2009 NEW DELHI - The state-run Oil and Natural Gas Corp (ONGC) has postponed its investments in its biggest acquisition, Imperial Energy, and will consolidate operations in western Siberia, the top company official said here Thursday. 'We have decided to do analytical and consolidation studies rather than investing more in raising output,' ONGC chairman and managing director R.S.
ONGC chairman defends acquisition of Imperial EnergyJanuary 2nd, 2009 NEW DELHI - Defending the acquisition of Imperial Energy, the state-run oil producer Oil and Natural Gas Corp (ONGC) has said the British energy major's potential was 'very good'. ONGC recently managed to get approval from 97 percent of the shareholders of Imperial Energy for its offer for acquisition at $1.89 billion (or 12.50 pounds per share).
Imperial Energy shareholders accept ONGC offerDecember 30th, 2008 NEW DELHI - The overseas arm of state-run Indian upstream oil major, Oil and Natural Gas Corp, Wednesday announced that more than 96 percent of shareholders of the Leeds-based Imperial Energy have accepted its offer for acquisition at $1.89 billion. In a regulatory statement to the London Stock Exchange, ONGC Videsh Ltd (OVL), the overseas arm of ONGC, said it has received acceptances from 96.8 percent of shareholders of Imperial Energy for its offer of 12.50 pounds per share, before the deadline of 1 p.m.
Loading ...