Exelon to split into two companies
Exelon Corporation announced yesterday that it intends to spin off Exelon Generation, its competitive power generation and customer-facing energy businesses, from Exelon Utilities, its group of six regulated electric and gas utilities.
The split into two publicly traded companies will “establish the nation’s largest fully regulated transmission and distribution utility company and the largest carbon-free power producer paired with the leading customer-facing platform for clean, sustainable energy solutions,” Exelon said in its February 24 announcement.