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

Executive Summary

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.