UPDATE: U.S. Department of Justice Clears the Way for Exelon-Constellation Merger

The U.S. Department of Justice today cleared the way for the merger of Exelon Corporation

and Constellation Energy

, in connection with its review of the transaction under the Hart-Scott-Rodino Act. The DOJ's Antitrust Division filed court papers today seeking approval by the U.S. District Court for the District of Columbia with regard to the merger. These papers detail the conditions agreed to by DOJ and Exelon and Constellation for the companies to merge. Upon the court's order adopting the proposed conditions, Exelon and Constellation will be free to close the transaction, pending any other regulatory approvals required.