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Pepco Holdings Incorporated

State asked to approve Exelon, Pepco merger

State asked to approve Exelon, Pepco merger

Exelon, the parent of Baltimore Gas & Electric, filed its application Tuesday with the state to acquire Pepco Holdings, a move company officials say will improve service and boost the economies of Pepco's service areas in and around Washington, D.C., and on the Eastern Shore.

Chicago-based Exelon reached a $6.9 billion agreement this spring to acquire Pepco, but the deal must be approved by state regulators, including the Public Service Commission of Maryland. Donna Cooper, president of Pepco Region, said she expected the approvals to be completed in the second or third quarter of next year.

The acquisition isn't expect to affect operations for BGE. Pepco owns Potomac...