(Adds DOJ quote, background)
WASHINGTON (Reuters) - The U.S. Department of
Justice approved Exelon Corp's purchase of Constellation
Energy Group Inc on the condition it divest three
electricity generating plants in Maryland to preserve
competition.
The department said it required the sale to prevent the
combined companies from having too much clout in power
production in the mid-Atlantic states once the $7.9 billion deal
closes.
Two of the plants to be sold are in Maryland's Anne Arundel
County and a third is in Baltimore County, Md.
"These divestitures will preserve that critical competition
for the benefit of electricity customers throughout the
mid-Atlantic," said Sharis Pozen, acting assistant attorney
general for the Justice Department's Antitrust Division.
The planned acquisition was announced in April. The deal
still requires approval by the Maryland Public Service
Commission, the state utility regulator.
(Reporting By Diane Bartz and Jim Vicini; Editing by Maureen
Bavdek and Editing by Tim Dobbyn)
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