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PECO, formerly the Philadelphia Electric Company, is an energy company founded in 1881 and incorporated in 1929. [1] It became part of Exelon Corporation in 2000 when it merged with Commonwealth Edison 's holding company Unicom Corp .
Bell Atlantic - after merger with NYNEX, headquarters moved from Philadelphia to New York City; a significant workforce remains in the area Breyers - acquired by Kraft Foods and then by Unilever Jones Apparel Group - moved to New York City
PPL Corporation was founded as Pennsylvania Power & Light in 1920, the product of a merger of eight smaller Pennsylvania-based utility companies. It gradually extended its service territory to a crescent-shaped region of central and Northeastern Pennsylvania , stretching from Lancaster in central Pennsylvania through the Lehigh Valley in ...
The purpose of the power pool was to dispatch electric generating plants on a lowest cost basis, thereby reducing the electric costs for all members of the pool. [ 8 ] After Baltimore Gas and Electric Company and General Public Utilities joined in 1956, the pool was renamed the Pennsylvania-New Jersey-Maryland Interconnection, or PJM.
In 1903, the company owned the majority of the stock of the Equitable Illuminating Gas Light Company, which operated the Philadelphia Gas Works. [2] The company formed the United Electric Company of New Jersey in 1899. United Electric consolidated several electric and lighting utilities into a single holding company. [3]
On March 12, 2012, Exelon acquired Constellation Energy, with the combined company owning more than 34 gigawatts of power generation (55% nuclear, 24% natural gas, 8% renewable including hydro, 7% oil and 6% coal). [9] [10] Exelon announced the proposed purchase of Pepco Holdings on April 30, 2014, for $6.8 billion in an all-cash transaction.
In 2016, J.W. Childs Associates formed Comoto to merge the two companies. The company already owned Cycle Gear. Four years later in 2020, the company acquired the motorcycle GPS app REVER and J&P Cycles. [13] [14] [15] Rever was a Colorado-based technology company that connected powersports customers globally through the free Rever app and website.
Other such companies also founded by Westinghouse such as the Equitable Gas company and other "Equitable" energy/electronic companies were equal subsidiaries with DQE when it was a subsidiary of the 'Philadelphia Company'. [2] In 1997, Duquesne and Allegheny Energy agreed to a $4.3 billion merger with headquarters remaining in Hagerstown ...