Enterprise

FERC Clears Exelon-PSEG Merger

FERC on Thursday approved the mega-merger between Exelon Corp. and Public Service Enterprise Group (PSEG), marking a key regulatory hurdle that the transaction needed to vault. FERC signed off on the deal at its latest open meeting, but said that the two companies will also need to make a number of compliance filings at the Commission in the wake of this week’s decision.

July 5, 2005

‘Unprecedented’ Divesiture Cited in FERC Approval of Exelon-PSEG Deal

FERC last Thursday approved the mega-merger between Exelon Corp. and Public Service Enterprise Group (PSEG), marking a key regulatory hurdle that the transaction needed to vault. FERC signed off on the deal at its latest open meeting, but said that the two companies will also need to make a number of compliance filings at the Commission in the wake of this week’s decision.

July 4, 2005

FERC May Act on Exelon-PSEG Deal at June 30 Meeting

FERC may take action on the pending mega-merger between Exelon Corp. and Public Service Enterprise Group (PSEG) at what will be FERC Chairman Patrick Wood’s final open meeting at the Commission on June 30.

June 27, 2005

Analyst Still Sees 75% Chance Exelon-PSEG Merger Will Proceed Without Hearing

Despite the vociferous opposition to a FERC decision on the merger of Exelon Corp. and Public Service Enterprise Group (PSEG) without a hearing, analyst Christine Tezak of the Stanford Washington Research Group still predicts there’s a 75% chance that is exactly what will happen, “possibly by the end of June.”

June 6, 2005

Exelon, PSEG Offer Additional Capacity Divestment to Speed Merger OK

Exelon Corp. last Tuesday said that if FERC approves the company’s pending merger with Public Service Enterprise Group (PSEG) without a hearing, the companies will divest additional capacity to address some of the concerns raised by outside parties.

May 16, 2005

Freeport Seeks Swift FERC Action to Enlarge Sendout Pipe of TX LNG Project

Freeport LNG Development LP last Monday urged FERC to expeditiously approve its request to enlarge the diameter of the proposed sendout pipeline that would serve its liquefied natural gas (LNG) import terminal to be sited on Quintana Island in Brazoria County, TX.

May 9, 2005

NJ Regulators: Exelon-PSEG Market Power Could Threaten BGS Auction

In urging FERC to take a good, hard look at the proposed merger of Exelon Corp. and Public Service Enterprise Group (PSEG), the New Jersey Board of Public Utilities (NJBPU) is worried that “significant market power” in the PJM area resulting from the combination could undercut the viability of an annual basic generation service (BGS) auction held in New Jersey [EC05-43-000].

April 11, 2005

PSEG, Exelon Hopeful of Bypassing FERC Hearing on Merger

Top officials with Exelon Corp. and Public Service Enterprise Group (PSEG) last Wednesday expressed optimism that the pending mega-merger between the two companies will be able to navigate FERC’s regulatory process without a hearing.

March 14, 2005

Exelon-PSEG Divestiture Plans Drawing Capacity Swap Interest

Companies are expressing an interest in swapping capacity in response to plans by Exelon and Public Service Enterprise Group Inc. (PSEG) to divest a total of 2,900 MW worth of fossil fuel facilities outlined in a merger-related filing made by Exelon and PSEG earlier this month at FERC, a top Exelon official said on Thursday.

February 21, 2005

Transportation Notes

Southern Natural said it was notified that the Enterprise Processing Plant is being shut down. Southern also is shutting down its Toca Compressor Station and has declared a force majeure. Pressures declined to the point that Southern essentially has no gas flow through the Toca facility. Southern is requesting that all shippers/poolers verify that their supply is flowing and nominate their demand to match their anticipated supply. Southern is not accepting any nominations for interruptible services that rely on storage (ISS and Park withdrawals) and will not be accepting any makeup due shipper.

September 15, 2004