cerebral-overload.com
FirstEnergy Solutions Corp. Enters into Stalking Horse Agreement to Sell its Retail and Wholesale Load-Serving Business to Constellation - Cerebral-Overload
AKRON, Ohio, July 10, 2018 /PRNewswire/ — FirstEnergy Solutions Corp. (“FES”) announced today that it has agreed to sell its retail and wholesale load-serving business to Constellation, a subsidiary of Exelon Corporation (NYSE: EXC), for a purchase price of $140 million in cash, subject to certain purchase price adjustments. FES has approximately 900,000 Commercial & Industrial and Residential customers …