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Consolidation of Power: How Exelon's Bid to Acquire PSEG Could Raise Rates, Reduce Reliability, and Risk Public Safety

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Publication Date: November 2005

Publisher(s): New Jersey Public Interest Research Group. Law and Policy Center

Author(s): Travis Madsen; Suzanne Leta; Dena Mottola

Funder(s): Educational Foundation of America

Funder(s): Educational Foundation of America

Topic: Energy (Electric power)

Keywords: consumer protection; electricity generation; deregulation

Type: Report

Coverage: New Jersey

Abstract:

In December 2004, Chicago-based Exelon Corporation announced plans to acquire Public Service Enterprise Group (PSEG), the last remaining New Jersey-based energy company that hasn't been taken over by a large out-of-state corporation. Consolidation of Power analyzes the risks this deal poses to consumers in New Jersey's deregulated electricity market--who depend upon vigorous competition between energy suppliers to get a fair deal for reliable service.