Exelon's Constellation Business to Acquire Integrys Energy Services

Exelon's Constellation Business to Acquire Integrys Energy Services

Exelon and Integrys Energy Group entered into a definitive agreement for Exelon to purchase Integrys Energy Services, a competitive retail electricity and natural gas subsidiary serving approximately 1.2 million customers. Integrys Energy Services will become part of Exelon's Constellation business unit. Exelon will pay $60 million for the Integrys retail operations, plus adjusted net working capital at the time of closing. The transaction does not include Integrys' energy assets - primarily solar - which will remain a part of Integrys Energy Group.