With the close of the deal on Monday, Christopher Crane, who previously served as Exelon's president and chief operating officer, became the combined company's president and CEO. And Mayo Shattuck III, Constellation's president and chief executive, was named executive chairman.
Exelon Corp. said its name remains the same and the company is still based in Chicago, with significant operations in Maryland, Illinois and Pennsylvania. Constellation Energy shares will cease trading before Tuesday's market opening.
The addition of Baltimore-based Constellation gives Exelon a coast-to-coast presence with about 6.6 million customers and operations in 47 states, Washington, D.C., and Canada.
The two companies are combining operations immediately. The deal has been approved by the shareholders of both companies and all of the required regulators.
In morning trading, Exelon shares rose 49 cents to $39.40, while Constellation shares rose 57 cents to $36.72.
