Nov 30 12:06 PM US/Eastern
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HARRISBURG, Pa.
A judge recommended that state regulators approve the merger of Public Service Enterprise Group Inc. and Exelon Corp., a union that would create the country's largest power-generation company.
The 59-page recommendation by the administrative law judge, Marlane R. Chestnut, was filed with the state Public Utility Commission, which will take public comments for a month before making a final decision, a PUC spokeswoman said. The recommendation was released Wednesday.
The new company would provide power to 18 million people in Illinois, New Jersey and Pennsylvania. Peco Energy Co., a subsidiary of the Chicago-based Exelon, provides gas and electric service in southeastern Pennsylvania. PSEG is based in Newark, N.J.
The recommendation was issued after nearly nine months of hearings and settlement talks among at least a dozen parties that had filed protests or petitions to intervene, including the city of Philadelphia, labor and advocacy groups, and the state Department of Environmental Protection. Most joined a settlement with Exelon and PSEG that was submitted to Chestnut.
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