Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-Exelon Corp. got US regulatory approval to complete its purchase of six power plants from Sithe Energies Inc. The $1.69-billion deal involves a plant here, in Everett, West Medway, Weymouth, Framingham and one in Yarmouth, ME.

A company spokesperson tells GlobeSt.com that Exelon expects to complete the purchase by November. She points out that the deal involves the remaining 50.1% of the plants as Exelon already owns 49.9% of Sithe. Sithe is in the process of building two power plants at its Mystic Station in Everett and a generating unit near its power plant in Weymouth.

The purchase involves 3,800 megawatts or enough power for about 3.1 million homes. Chicago-based Exelon was created in October 2000 by the merger of PECO Energy, ofPhiladelphia, and Unicom Corporation, of Chicago. It is one of the country’s largestutilities, with approximately five million electric and natural gas customers andmore than nearly $15 billion in annual revenues.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.