A week after Exelon Corp. dropped its $16 billion proposed merger with New Jersey utility Public Service Enterprise Group Inc., Exelon's chief executive, John Rowe, says he is eager to find another company to acquire. Topping Exelon's list of possible targets is Texas utility TXU Corp., according to The Dallas Morning News. An unidentified Exelon representative told the Morning News that the two companies have held talks, but not about a merger. Rather, the two discussed swapping assets. Of course, a TXU spokesperson told the Morning News that the talks have ended. The Morning News report went on to speculate on reasons for a deal. The most notable reason is Exelon's lack of nuclear reactors in Texas, of which TXU has two. —Matthew Wurtzel
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