ComEd 2011 Annual Report Download - page 13

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On April 28, 2011, Exelon and Constellation announced the merger of the two companies
in an all-stock transaction in which Constellation shareholders will receive 0.93 shares
of Exelon stock for each share they own in Constellation. Upon completing all required
shareholder as well as state and federal regulatory approvals, we anticipate closing the
merger in early 2012.
On pages 12 through 22, we present the businesses of Exelon Corporation, along with a
snapshot of the changes to our companies and capabilities upon close of the merger.
The most visible changes our shareholders will see to the post-merger organization are,
first, the addition of a business unit named “Constellation” that will absorb Exelon’s
Power Team and Exelon Energy units as well as the retail and wholesale businesses of
Constellation, and second, a new organization, Exelon Utilities, which will include BGE,
currently a unit of Constellation, in addition to ComEd and PECO.
For up-to-date news and information about Exelon and its family of companies,
visit ExelonCorp.com.
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