Review of the Proposed Merger Between Exelon Corporation and Public Service Enterprise Group
Synapse investigated the market power effects of the proposed merger between Exelon Corporation and Public Service Enterprise Group. Synapse’s analysis included running CRAI’s CASM model, re-running delivered price test analysis by petitioners’ witness Frame, and modeling of market power impacts using ELMO. The results of Synapse's analyses were presented in affidavits to FERC and testimony before the New Jersey Board of Public Utilities. The companies terminated the proposed merger on September 16, 2006. Project completed in October 2006.