What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to announce that Exelon Corporation and Public Service Enterprise Group Incorporated (PSEG) have submitted applications and petitions to key regulatory bodies to seek approval for their proposed merger.

What are the main risks associated with this merger, according to the filing?

The filing identifies several key risks, including the inability to obtain necessary shareholder or regulatory approvals, potential delays or adverse conditions imposed by regulators, failure to satisfy closing conditions, interference from unsolicited offers, and challenges in successfully integrating the businesses of Exelon and PSEG, which could prevent the realization of expected synergies and benefits.

Where can investors find more detailed information about the merger?

Investors are urged to read the forthcoming joint proxy statement/prospectus, which Exelon intends to file with the SEC. This document, along with other relevant filings, will contain important information about both companies and the proposed merger. These materials will be available for free on the SEC's website (www.sec.gov) and directly from Exelon or PSEG Investor Relations.

EXC 8-K SEC Disclosure

Q: Which regulatory agencies are reviewing the proposed merger?

The merger is currently under review by the Federal Energy Regulatory Commission (FERC), the Pennsylvania Public Utility Commission (PPUC), and the New Jersey Board of Public Utilities (NJBPU). Exelon's subsidiary, Commonwealth Edison Company, also filed a notice with the Illinois Commerce Commission (ICC).

Summary

This Form 8-K filing from Exelon Corporation details the company's progress on its proposed merger with Public Service Enterprise Group Incorporated (PSEG). As of February 4, 2005, Exelon and PSEG have submitted applications and petitions for approval to key regulatory bodies, including the Federal Energy Regulatory Commission (FERC), the Pennsylvania Public Utility Commission (PPUC), and the New Jersey Board of Public Utilities (NJBPU). Exelon's subsidiary, Commonwealth Edison Company, also filed a notice with the Illinois Commerce Commission (ICC). The filing highlights that obtaining necessary governmental approvals is a critical condition for completing the merger. It also acknowledges that other state and federal agencies will review various aspects of the transaction, with remaining filings expected to be made in a timely manner. Investors should note that the company has included forward-looking statements regarding the potential benefits and integration of the merger, alongside a clear disclaimer about the risks and uncertainties that could impact actual results, including the possibility of delays or adverse conditions imposed by regulators, shareholder disapproval, or integration challenges.

Key Highlights

1Exelon Corporation and Public Service Enterprise Group Incorporated (PSEG) have filed for regulatory approval for their proposed merger.
2Key regulatory filings submitted include applications to FERC, PPUC, and NJBPU, as well as a notice to the ICC.
3Obtaining governmental and regulatory approvals is a significant condition for the completion of the merger.
4The companies anticipate further filings with other state and federal agencies.
5The report contains forward-looking statements regarding expected benefits, integration, and financial performance.
6Significant risks and uncertainties are disclosed, including potential regulatory hurdles, shareholder approval challenges, and integration difficulties.
7A proxy solicitation notice is included, urging investors to read the forthcoming joint proxy statement/prospectus for detailed information.

EXELON CORP 8-K Report, Corporate Update (Feb 4, 2005)

Summary

Key Highlights

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