I had my doubts but bending over helped get it approved. The HQ proposal is probably not going to be very costly. I'm certain Exelon can bury the relocated employees in 701 9th St. Overall seems like a small price to pay to get approval. But the ratepayers, at least everywhere except DC, will pay near and long term. I sold 80% of my shares after the merger announcement for more than $27.25. The balance are held in a taxable account so I'll have to await the buyout.
you know that is skewed, many times the negative people post their negative reviews cause they are mad about something, while those not mad or happy or say ok with things, just post nothing at all.
Howdy Dadgolfer -- Told you deal would go through. Too much money, too big business,
too big PR campaign, too much money given to local govt, too many concessions for fixes
etc. Guess who is going to pay for it all. I don't have to tell you, do I. synergies my a--. Any
savings go to the big boys pockets (bonuses, stock, raises etc) for a job well done. The
customer is not going to come out ahead in this (watch the rates over a period of time). I want
to see what kind of speed they can bring facilities up in a major storm. Bet it won't be any
Insiders and The Public ELECTED officers ARE PRECLUDED from trading the stock as well as their immediate family members. The SEC is in top of this stuff especially in DC where the SEC is hQ is. Whats is up with you folks this isn't NYC..
The PSC is reportedly meeting today. I have not seen the agenda, and I imagine it is too much to hope that approval is on it, but it is possible. That said, it shouldn't take too long to get it approved now that all the top brass seem to be on board with the announced settlement.
The PSC members serve as appointee's of the mayor at his pleasure. If they can not please him, the PSC members will be replaced by a group that will approve the merger. It might still take a few days so that it looks like they reviewed the agreement. I expect that in about 2 weeks I will have my $27.25 and some good profits in retirement accounts and a smaller profit for shares bought after merger approval.
I thank them for their corrupt nature, as I've made a nice gain on the stock. It is unfortunate that the stock was not halted but it really is not feasible to do so for such a long period of time. All insiders should have been precluded from trading the stock as the citizen and business groups all had advance knowledge of the deal, and the politicians their friends and families should be investigated for insider trading by the SEC.
Agreed. Stock should have been put on hold while its price was arbitrarily decided by politicians.
The decision seemed to be about extorting concessions and not really about clean energy, lower prices and increased reliability.
Thinks of it this way the mayor and her cronies all had the knowledge that the deal would be approved by her and probably bought the stock when it was down. It says right in her comments that she "shared the details with all party involved". Legal insider trading. They can no cash out with a nice profit.
Think of it this way, DC politicians are all in cahoots, and the PSC is not isolated, they are in communication with them. They will approve it now that concessions and negotiations have been worked out and accomodated behind closed doors.
Assuming the deal gets done, then it still goes back to the PSC. A settlement is easier to approve, but they may have to reopen the case in some fashion. The appeal may not provide for a settlement. A deal may assure the transaction will happen, but it may take a lot more time.