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In April 2011, Exelon of Chicago announced its intention to purchase Constellation Energy, the owner and operator of Nine Mile Point Nuclear Station. The acquisition was approved by FERC and the companies officially combined on March 12, 2012, with Constellation Energy taking the Exelon name.
The merger was completed on October 23, 2000 and formed Exelon Corporation. The merger was one of the largest at the time. After the merger, Exelon maintained the largest collection of nuclear plants in the United States and became among the nation's largest electric utilities company, generating more than $12 billion in annual revenues. [2] [7]
Exelon Corporation is a public utility headquartered in Chicago, and incorporated in Pennsylvania. [1] Exelon is the largest electric parent company in the United States by revenue and is the largest regulated electric utility in the United States with approximately 10 million customers. The company is ranked 99th on the Fortune 500. [2]
The plant was originally built by Commonwealth Edison company, and subsequently transferred to Com Ed's parent company, Exelon Corporation. Following Exelon's spin-off of their Generation company, the station was transferred to Constellation Energy. This station has two Westinghouse pressurized water reactors. Unit #1 came online in July 1987.
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Exelon Generation Commences Exchange Offer CHICAGO--(BUSINESS WIRE)-- Exelon Generation Company, LLC announced today that it has commenced an exchange offer (the Exchange Offer) to exchange (i) up ...
It's been a year since Exelon merged with Constellation Energy to become the nation's largest competitive integrated energy provider. Economies of scale can provide a simple solution to maximize ...
Exelon Nuclear president Charles Pardee said: "We view this as an opportunity for Exelon to support an important medical technology that saves people's lives." [12] It was announced in September 2011 that GE-Hitachi Nuclear Energy and Exelon commissioned a feasibility study into creating Molybdenum-99 (Mo-99) at the reactor.