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Exelon to Split Business, Spin Off Generation Segment
Responding to rapid changes in the power industry, Exelon Corp. plans to cleave its business into two publicly traded companies: one comprising its six regulated electric and gas utilities, and the other, which it plans to spin off, comprising its 31-GW competitive generation fleet and customer-facing businesses.
The separation which the company’s Board of Directors approved on Feb. 21 and Exelon wants to complete in the first quarter of 2022 will give each company the “financial and strategic independence to focus on its specific customer needs, while executing its core business strategy,” the company said on Feb. 24.
Gazifère Logo (CNW Group/Evolugen)
GATINEAU, QC, Feb. 25, 2021 /CNW Telbec/ - Evolugen, the Canadian operating business of Brookfield Renewable, and Gazifère Inc., an Enbridge company, are proud to announce one of Canada s largest green hydrogen projects for injection into a natural gas distribution network in Quebec. The Quebec-based companies, as part of a collaboration formed to advance the development and use of green hydrogen, announced plans to build and operate an approximately 20 MW water electrolysis hydrogen production plant in the Outaouais region. The facility will result in significant reductions of greenhouse gas (GHG) emissions and generate considerable benefits regionally, provincially, and nationally. The companies unveiled details of the ambitious project at the annual symposium of Quebec s renewable energy production association (AQPER) taking place today.