Common Contracts

Contract

October 10th, 2011

• Filed
  October 10th, 2011

The following are the terms and conditions of the agreement (the “Settlement”) between the Independent Market Monitor for PJM (“IMM”), and Exelon Corporation (“Exelon”) and Constellation Energy Group (“Constellation”) (together referred to as “NewCo”), which Settlement satisfies the IMM’s concerns regarding the proposed merger of Constellation and Exelon, such that if the order(s) issued by either the Federal Energy Regulatory Commission (“FERC”) or the Maryland Public Service Commission (“MPSC”), or both, approving the proposed merger are conditioned upon compliance by NewCo with the terms and conditions of the Settlement, then the IMM will not object to the merger.