Constellation Energy, Proposed Buyer Exelon Corporation Reiterates Merger Deal

The proposed merger deal between Baltimore based Constellation Energy and Chicago based Exelon Corporation is still being relentlessly pursued. The merger is planned to close in the first quarter of 2012.

Exelon Corporation released slides reinforcing the merger at presentation during a supplier meeting.

The combined company would have an estimated market value of $35 Billion, a total customer base of 6.6 Million in 44 states and Washington, D.C. The customer base would be supplied over 35,671 megawatts.

Constellation Energy is Baltimore's last Fortune 500 company and the merger would leave Maryland with only four remaining Fortune 500 companies headquartered in the state.

Constellation Energy is also the parent company to Baltimore Gas and Electric (BGE). Constellation Energy has a market capitalization of approximately $7.60 Billion. The stock was down 2.75% to $37.85 a share at the end of market trading today.

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