|
|
Article: Exelon, PSEG merger will not yield immediate savings for customers.
- Article from:
- Chicago Tribune (Chicago, IL)
- Article date:
- February 24, 2005
|
Copyright informationCOPYRIGHT 2005 Chicago Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Robert Manor
Feb. 24--Commonwealth Edison's customers won't see an immediate benefit from the merger of Exelon and Public Service Enterprise Group, but the company said future rate increases could be offset by savings in operating costs.
When Exelon, ComEd's corporate parent, announced in December that it would merge with New Jersey-based PSEG, the company said it would eventually save $500 million a year, less some costs at start up.
Consumer advocates argued that ComEd should share some of its savings with Illinois customers as a price of the merger. "If there are savings to be had, there is no reason Illinois shouldn't get its share," said Martin Cohen, ...
Related newspaper, magazine, and journal articles:
|