Maryland PSC staff recommends approval of Exelon-CEG merger with conditions
Birmingham, Alabama (Platts)
Maryland Public Service Commission staff is recommending the merger of Exelon and Constellation Energy be approved with additional conditions to mitigate the harm to customers, it said Tuesday.
Under Maryland law, utility mergers must be beneficial to customers, while causing them no harm. The law does not permit a balancing of benefits and potential harms. …