The two companies expect to complete their merger on October 20. They expect to begin trading as Exelon Corporation (NYSE: EXC) the morning of October 23 on the New York Stock Exchange (NYSE) under the ticker symbol EXC. Exelon will also be listed on the Chicago and Philadelphia stock exchanges. The merger of Unicom and PECO Energy will create Exelon, one of the nation’s largest electric utilities, with approximately five million customers and more than $12 billion in annual revenues. Exelon will be headquartered in Chicago, with energy delivery operations in Illinois and Pennsylvania, and expanding generation capabilities with strong positions in the Midwest and Mid-Atlantic.
PORTLAND, Ore., Oct 23, 2000 (BUSINESS WIRE) — Nine electric utilities serving eight western states with some 50,000 miles of transmission lines are forming a regional transmission organization (RTO) to improve the reliability and efficiency of the power grid.