Exelon’s Constellation to Buy Con Ed’s Retail Operation
Crane: Won’t Use Debt in Acquisitions
Jul 28, 2016
By Ted Caddell and Rich Heidorn Jr. NASHVILLE, Tenn. — Exelon’s Constellation Energy Resources unit is buying Consolidated Edison’s retail energy business as it continues its efforts to hedge against falling wholesale power prices. Constellation’s purchase of the retail division of ConEdison Solutions will give it another 560,000 residential, commercial...