VanEck Vectors Uranium Plus Nuclear Energy ETF (NLR)

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Maryland regulators approve Exelon’s $7.9 billion takeover of Constellation Energy

http://www.washingtonpost.com/local/maryland-regulators-approve-exelons-79-billion-takeover-of-constellation-energy/2012/02/17/gIQABARDKR_story.html

Maryland regulators approved Exelon Corp.’s proposed $7.9 billion takeover of Constellation Energy Group on Friday, saying they had determined the deal would be in the public interest if the companies stick to commitments including renewable energy construction, customer credits and assistance to low-income residents.

The decision follows months of wrangling between state officials and executives for the companies. Gov. Martin O’Malley initially opposed the merger and relented after the Constellation and Exelon increased commitments that also include construction of a new headquarters in downtown Baltimore. However, the Maryland Office of People’s Counsel, which represents utility customers, continued to oppose the takeover, saying the companies have not demonstrated the takeover will not harm customers of Baltimore Gas and Electric, a Constellation subsidiary regulated by the commission.