Exelon Corp.'s (EXC) planned $6.8 billion acquisition of Pepco Holdings Inc. (PEP), which had faced regulatory resistance, has been approved by the D.C. Public Service Commission, the Washington Post reported Wednesday.

Pepco shares recently traded at $27.11, up 27.6%.

Full story at https://www.washingtonpost.com/local/dc-politics/in-a-surprise-move-dc-regulators-give-green-light-to-pepco-exelon-merger/2016/03/23/4ace2bc0-f10e-11e5-89c3-a647fcce95e0_story.html?postshare=3671458755769253&tid=ss_tw

Write to nymonitoring@dowjones.com

(END) Dow Jones Newswires

March 23, 2016 14:23 ET (18:23 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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