Latest Federal & Government Contracting Companies' News Coverage

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Latest Federal & Government Contracting Companies' News Coverage

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The Energy Department‘s Argonne National Laboratory and Exelon have signed a five-year cooperative research-and-development agreement to explore new technology that could support clean energy goals and help develop a next-generation energy grid. Exelon said Tuesday the partnership aims to combine the company’s market knowledge with Argonne’s research and expertise in energy production and delivery. The agreement also builds on Argonne and […] More
Exelon Generation has entered a $110 million agreement with Entergy Corporation to acquire the latter’s James A. FitzPatrick Nuclear Power Plant in Scriba, New York. Exelon said Monday the deal is expected to close in 2017 once it receives approval from state and federal agencies such as the Justice Department, Nuclear Regulatory Commission, Federal Energy Regulatory Commission and the […] More
The D.C. Public Service Commission has rejected Exelon‘s proposed $6.4 billion merger with Pepco Holdings due to concerns on the latter’s potentially diminished role in the future management structure, the Washington Post reported Tuesday. Thomas Heath writes that the commission also indicated a lack of evidence to prove that the transaction will improve utilities services for consumers […] More
Deloitte and public utility holder Exelon have forged a partnership to implement Critical Infrastructure Protection version 5 standards in an effort to protect North America's bulk power system from potential cyber attacks. Deloitte said Monday the CIP standards from the North America Reliability Corp. were created through the utility sector's regulatory requirements that aim to ensure the electric […] More
The Federal Energy Regulatory Commission has cleared Exelon‘s proposed acquisition of power distribution company Pepco Holdings. “FERC’s approval is another step forward toward completing this transaction,” Chris Crane, president and CEO of Exelon, said Friday. The companies aim to merge their electric and natural gas utility operations in a bid to expand their footprint in […] More
Pepco Holdings‘ stockholders have approved the power provider’s proposed merger with Exelon Corp. The merger would combine Pepco Holdings’ Atlantic City Electric, Delmarva Power and Pepco electric and gas utilities and Exelon's BGE, ComEd and PECO utilities,  Exelon said Tuesday. Exelon said the transaction is scheduled to complete in the second or third quarter of its 2015 fiscal year and […] More
Exelon Corp. has agreed to acquire Integrys Energy Group's electricity and natural gas subsidiary for $60 million in a move to grow Exelon's retail power and gas business. Integrys Energy Services will operate within Exelon's Constellation business unit when the transaction closes either in the fourth quarter 2014 or in the first quarter of 2015, […] More
Exelon has signed an equity financing agreement for Bloom Energy-built fuel cell systems that would provide 21 megawatts of energy for 75 commercial sites in four U.S. states. The energy firm said Tuesday it will back Bloom Energy projects in California, New York, Connecticut and New Jersey through a service that enables companies to buy […] More
Exelon has begun construction work on a natural gas-fired power plant in Harford County, Maryland, that will have a generating capacity of 120 megawatts. The company awarded Pratt & Whitney‘s power systems business a contract to build an aeroderivative gas turbine generator for the plant. Ron DeGregorio, president of Exelon Power, said Monday that the business […] More
Exelon and Pepco Holdings are seeking approval from the Federal Energy Regulatory Commission for the proposed merger between the two energy companies. The transaction seeks to create a utility that would distribute electricity and natural gas to customers in the mid-Atlantic region, Exelon said Friday. Both utilities expect the regulatory agency to hand down a decision […] More
Betsy Soehren-Jones, former cybersecurity executive at Exelon, has joined Fortress Information Security as chief operation officer. She will oversee Fortress’ energy business, including human resources, sales and marketing, public policy and strategy organizations serving the critical infrastructure, Department of Defense and manufacturing business lines and help expand the company’s Asset to Vendor Library, Fortress said […] More
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