Exelon-Constellation merger edges closer to completion


US electricity firm Exelon Corporation is edging ever closer to the completion of its merger with Constellation Energy Group (CEG), despite attempts to halt it by EDF Energy. Last week, the New York Public Service Commission cleared the merger, and the State of Maryland Governor, Martin O'Malley publicly backed it, meaning the deal is now highly likely to be approved by the Maryland Public Service Commission.

"The one we were most concerned about was Maryland, but now the governor has thrown his