Exelon Chairman, President, and CEO John W. Rowe, on the proposed merger that would create the largest utility in the United States.
There are utility chief executive officers (CEOs) and then there is utility chief executive officer, or the captain of all captains.
Exelon CEO John W. Rowe would head the largest utility in the industry, if a proposed merger with PSEG goes through. By creating a $40 billion market-capitalization utility, the newly formed company would be 60 percent larger than its nearest market-cap peer, and would have total assets of approximately $79 billion, with almost $25 billion in annual revenues and $3.2 billion in annual net income.
The combined company would be the nation's largest power generator and a leading U.S. wholesale power marketer, with a generation portfolio of approximately 52,000 MW of domestic capacity, including about 20,000 MW of nuclear generation.