CHICAGO (dpa-AFX) - Exelon Corp. (EXC) and Constellation Energy (CEG) reached an agreement with Electricite de France or EDF (ECIFF.PK), pursuant to which EDF would withdraw its opposition to the Exelon-Constellation merger. The terms address Constellation Energy Nuclear Group, a joint venture between Constellation and EDF that owns and operates three nuclear facilities with five generating units in Maryland and New York. The deal reiterates the joint venture terms. Further, Exelon said this merger would combine its environmentally advantaged generation fleet with Constellation Energy's customer-facing businesses. No payment was made by either party with respect to this agreement. The Exelon-Constellation merger has received approval by the Department of Justice, the New York Public Service Commission, the Public Utility Commission of Texas and the shareholders of Exelon and Constellation; also requiring regulatory approvals by the Federal Energy Regulatory Commission, the Nuclear Regulatory Commission and the Maryland Public Service Commission. The companies announced their deal to merge on April 28.
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