Exelon to sell non-core generation assets to help fund Pepco merger

摘要

Chicago-based Exelon said Wednesday it expects to receive about $1 billion from the planned sale of “non-core” assets, possibly including older coal-fired generating units in Pennsylvania, to help finance its newly announced $6.8 billion acquisition of Pepco, a Washington, D.C.-based utility. The company owns more than 10,000 MW of oil, natural gas and coal generation in several states.