Related Press for Exelon
March 26, 2009
Source: Reuters
Exelon chooses ABWR design for Texas nuclear plan
HOUSTON, March 26 (Reuters) - Exelon Corp, (EXC.N) the nation’s largest operator of nuclear plants, has selected an alternate technology from GE Hitachi Nuclear Energy (GE.N) (6501.T) for a proposed Texas nuclear plant, the company said Thursday.
March 23, 2009
Source: Victoria Advocate
Exelon is no boon to Victoria
Poker players, they say, fold their cards if they can’t win. It hasn’t rained much in Victoria in six months thus, ironically, Exelon hasn’t been in the Victoria Advocate. But they have been busy.
March 19, 2009
Source: Chicago Tribune
ComEd rate hike possible in proposed NRG takeover
Commonwealth Edison customers could pay $119 million a year more for electricity if the utility’s owner, Exelon Corp., completes a $6 billion hostile takeover of independent power producer NRG Energy Inc., according to a study sponsored by NRG.
March 19, 2009
Source: Philadelphia Inquirer
NRG Energy warns of Exelon takeover
Defending itself against a hostile takeover attempt by Exelon Corp., NRG Energy Inc. fired back with a lawsuit alleging that Exelon’s direct offer to NRG shareholders was a sham and a warning that a successful takeover of NRG could mean higher utility rates for Peco Energy Co. customers.
March 19, 2009
Source: Victoria Advocate
Exelon faces federal lawsuit
A federal lawsuit filed against Exelon Corp. shouldn’t affect plans to build a nuclear plant in Victoria County, Exelon officials said.
March 18, 2009
Source: Reuters
NRG sues Exelon over ‘misleading statements’
NEW YORK, March 18 (Reuters) - Independent power producer NRG Energy Corp has sued Exelon Corp, alleging Exelon made false and misleading statements about its hostile takeover attempt of NRG.
March 18, 2009
Source: Chicago Tribune
NRG calls Exelon takeover bid a sham in suit
NRG Energy Inc. filed a lawsuit Tuesday claiming the hostile takeover attempt by Exelon Corp. is a sham that violates U.S. securities laws.
March 17, 2009
Source: Reutuers
Exelon names nominees for NRG board
NEW YORK, March 17 (Reuters) - Utility owner Exelon Corp (EXC.N: Quote, Profile, Research, Stock Buzz) issued its proposed slate for the board of directors of its target NRG Energy Inc (NRG.N: Quote, Profile, Research, Stock Buzz) on Tuesday, saying a vote for its nominees could push NRG to enter into takeover talks.
March 13, 2009
Source: Reuters
NRG blasts rival Exelon’s hostile bid again
LOS ANGELES, March 12 (Reuters) - NRG Energy (NRG.N), trying to fight off a hostile bid from rival utility Exelon Corp (EXC.N) worth potentially about $5.6 billion, blasted the offer as being too cheap and urged shareholders on Thursday again to reject the deal.
February 27, 2009
Source: Victoria Advocate
Exelon moves forward
…If Exelon takes over NRG, and thus Matagorda County’s South Texas Project nuclear site, the company would likely first build the two new reactors there - and extend a build date in Victoria County.
News & Events
Nuclear plant proponents overlook drought’s realityTwo recent Express-News articles were highly predictive of South Texas’s future: “This dry spell may be the drought of record” and “Energy giant wants to keep Guadalupe River water rights.” The two highlight the relationship between nuclear power and water.
Global warming studies predict South Texas will experience longer and more severe droughts.
The future is here and its reality is staring us in the face.
Paper water rights deceptiveCentral Texas is experiencing one of the worst natural droughts of the last 50 years. It’s dry and we all know it - we feel it. And during such times, it makes a lot of sense to seriously question our state and local water policies. When it rains, we have enough for all of our dreams. It is when we are dry that reality appears.
TSEPA: GBRA Sells Guadalupe Water Rights to Exelon Amidst Basin-Wide DroughtVICTORIA, TX - Texans for a Sound Energy Policy Alliance (TSEPA) today questioned the logic of the Guadalupe-Blanco River Authority’s (GBRA) decision to extend its water reservation agreement with Exelon while simultaneously requesting others to conserve.
With the Guadalupe River Basin experiencing Stage 2 drought conditions, GBRA encouraged all users to limit their water usage. Additionally, GBRA was forced to increase the release rate from Canyon Lake into the Guadalupe River in order to meet the current water supply demands for its downstream user, the City of Victoria. At the same time, GBRA accepted $1.1 million from Exelon to reserve 75,000 acre-feet from the Guadalupe for its proposed nuclear power plant near Victoria.