Illinois' governor and attorney general said they are wary of a potential merger involving Chicago-based Exelon. The proposal would create the largest energy company in the country.Exelon owns Commonwealth Edison, and is in the midst of merging with its rival Constellation energy.
Chicago-based Exelon Corp. agreed to buy Constellation Energy Group Inc. in a $7.9 billion stock deal Thursday, the latest in a string of acquisitions in the electric power industry.Three times since 2003 Exelon CEO John Rowe has tried and failed to acquire a smaller rival.
Worries about nuclear power are rippling across the world as Japan struggles to stave off a potential nuclear meltdown. Earlier in the week, German Chancellor Angela Merkel announced the temporary closure of some of the country’s nuclear plants.