Today we announced that the boards of directors of Exelon (NYSE: EXC) and Constellation Energy (NYSE: CEG) have agreed to combine the two companies in a stock-for-stock transaction. The merger creates the number one competitive energy provider with one of the industry’s cleanest and lowest-cost power generation fleets and one of the largest commercial, industrial and residential customer bases in the United States.

Highlights of the merger include:

• Creates the number one competitive energy provider
• Combined enterprise value of $52 billion
• Combines nation’s leading clean generation fleet and leading power sales and marketing business