The $6.9 billion merger between Baltimore Gas and Electric parent Exelon Corp. and Pepco Holdings can proceed after a state judge denied a request to temporarily block the merger on Wednesday.
Groups including the Maryland Office of Peoples’ Counsel filed a motion to block the merger in Queen Anne’s County Circuit Court in July after the Maryland Public Service Commission approved the merger.
On Wednesday, a judge denied their motion for a stay in the case but did not make a final ruling. The groups as well as Maryland Attorney General Brian Frosh have opposed the merger for a number of reasons including their belief that it will stifle competition.
Full content: RTO Insider
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