‘New’ Owner Operating Limerick Generating Station
LIMERICK PA – The nuclear-powered Limerick Generating Station on Sanatoga Road officially became part of a new corporate parent Wednesday (Feb. 2), as it and other energy-producing units of Exelon Corp. were separated into Constellation Energy Corp. Exelon last year strategically chose to split its businesses in two: one for regulated utilities like PECO Energy; the other for power generation.
The new firm claims to be “the nation’s largest producer of carbon-free energy and leading supplier of clean energy solutions to millions of homes and businesses.” As a Fortune 200 company, Constellation will operate in 48 states, Canada, and the (United Kingdom), and employ about 13,000 people, it added.
The completed change was signaled to local media by way of an e-mail from Constellation External Communications Manager Dave Marcheskie at the Limerick site. “Constellation launches from a position of strength, ready to focus on its customers, grow the business, and contribute to the economic success of its local communities,” he wrote.
The new company is headquartered in Baltimore; Exelon remains based in Chicago. “Exelon shareholders received one share of Constellation (NASDAQ: CEG) stock for every three shares of Exelon common stock held as of Jan. 20,” the Philadelphia Business Journal reported Wednesday.
PECO Energy, which under Exelon continues to provide electricity and natural gas services to thousands of property owners across western Montgomery County, will receive a new logo and other branding as a result of the split. The company expects the external change on its trucks, buildings, and other identified items may take as much as two years to complete.
Photo by The Post