M&A Deal Summary

Exelon Acquires Pepco Holdings

On April 30, 2014, Exelon acquired utilities company Pepco Holdings

Acquisition Highlights
  • This is Exelon’s 3rd transaction in the Utilities sector.
  • This is Exelon’s 4th transaction in the United States.
  • This is Exelon’s 1st transaction in District of Columbia.

M&A Deal Summary
Date 2014-04-30
Target Pepco Holdings
Sector Utilities
Buyer(s) Exelon
Deal Type Add-on Acquisition
Advisor(s) Lazard (Financial)
Sullivan & Cromwell
Covington & Burling (Legal)

Target

Pepco Holdings

Washington, District of Columbia, United States
Pepco Holdings, Inc. is an energy delivery companies in the Mid-Atlantic region, serving about 2 million customers in Delaware, the District of Columbia, Maryland and New Jersey. PHI subsidiaries Pepco, Delmarva Power, and Atlantic City Electric provide regulated electricity service; Delmarva Power also provides natural gas service. PHI also provides energy efficiency and renewable energy services through Pepco Energy Services.

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Buyer(S) 1

Buyer

Exelon

Chicago, Illinois, United States
Category Company
Founded 1999
Sector Utilities
Employees19,962
Revenue 21.7B USD (2023)
DESCRIPTION
Exelon's corporate headquarters in downtown Chicago, Illinois.
Exelon's corporate headquarters in downtown Chicago, Illinois.

Exelon is a competitive U.S. power energy provider. Company power generators, with approximately 35,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. Exelon was founded in 1999 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 7
Sector (Utilities) 3 of 4
Type (Add-on Acquisition) 3 of 5
State (District of Columbia) 1 of 1
Country (United States) 4 of 7
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-28 Safe Harbor Hydroelectric Facility

Pennsylvania, United States

Safe Harbor Hydroelectric Facility generates an average of 1,100 GWh annually and possesses storage capabilities that support daily operations and dispatch during peaking hours. It is one of the major conventional hydroelectric facilities in Pennsylvania-New Jersey-Maryland Interconnection.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-15 Safe Harbor Hydroelectric Facility

Pennsylvania, United States

Safe Harbor Hydroelectric Facility generates an average of 1,100 GWh annually and possesses storage capabilities that support daily operations and dispatch during peaking hours. It is one of the major conventional hydroelectric facilities in Pennsylvania-New Jersey-Maryland Interconnection.

Sell -
Mergr

Product

Company

Legal