Mayo Shattuck Discusses Exelon Merger in Earnings Call

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Courtesy Citybizlist – During Constellation Energy’s (NYSE:CEG) earnings call, chairman, president and CEO Mayo Shattuck III discussed the status of the pending merger with Exelon and the impact of hurricane Irene.

Portions of the transcript are below.

On the Merger with Exelon:

The FEC completed its review of the merger proxy which has been mailed to our shareholders in advance of the November 17 shareholder vote. Elsewhere on the regulatory front, we have received merger clearance from the Public Utility Commission of Texas and the Massachusetts Department of Public Utilities. We expect to hear from the New York State Public Service Commission this quarter. And in Maryland, the intervenor’s testimonies were filed with the Maryland PSC in mid-September. We carefully reviewed the testimonies and proposals and filed additional testimony in October. Today’s status conference will provide additional insight into the process. We’ve already reached the settlement with the PGM market monitor on market power issues.  

Read more at citybizlist.



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