3-6-12: BGE’s Exelon Adventure
The proposed merger between energy giant Exelon and Constellation–the parent company of local utility BGE–is one step closer to reality. On February 17, the Maryland Public Service Commission announced its support of the merger–provided the deal meets 40 conditions.
The last hurdle is approval from the Federal Energy Regulatory Commission; their decision is expected in April.
We invited PSC chairman Douglas Nazarian on the show to talk about the PSC’s approval of the merger. He declined through a spokesperson, who told us in an e-mail that “as a general rule, the Commission speaks through its orders (and press releases) regarding specific cases.”
Sheilah asks Travis Miller what happens if the Federal Energy Regulatory Commission says, “No”: Sheilah asks Paula Carmody what happens in Maryland specifically if federal regulators scuttle the proposed deal: