Justice Department Dismisses Antitrust Lawsuit Against Exelon Corp. and Public Enterprise Service Group Inc. ; Exelon Abandons Efforts to Acquire PSEG
U.S. Newswire, September, 2006
To: National Desk
Contact: U.S. Department of Justice, 202-514-2007
WASHINGTON, Sept. 28 /U.S. Newswire/ -- The Department of Justice today announced that it filed a notice with the U.S. District Court for the District of Columbia to dismiss its antitrust complaint challenging the potential acquisition of Public Service Enterprise Group Inc. (PSEG) by Exelon Corp. Exelon has formally abandoned its effort to acquire PSEG, and therefore the lawsuit and proposed consent decree are no longer necessary, the Department said.
Background:
On June 22, the department filed an antitrust lawsuit in U.S. District Court for the District of Columbia alleging that the acquisition would harm competition in markets for wholesale electricity in the Mid-Atlantic region. At the...
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