NEW YORK (TheStreet) -- Exelon Corp. (EXC) - Get Report stock is declining 0.36% to $31.86 in afternoon trading on Friday after the Public Service Commission of the District of Columbia rejected the company's plans to acquire fellow electricity provider Pepco Holdings (POM).
The three-member commission proposed alternative terms that Exelon is currently reviewing.
Shares of Washington, D.C.-based Pepco are up 0.70% to $26.70 this afternoon.
The Commission first rejected the deal in August, but began another review process in October, Reuters reports.
Chicago-based Exelon agreed to acquire Pepco in April 2014 in a $6.8 billion transaction, according to Reuters. The transaction is expected to close by the end of next month, pending approval by the D.C. commission.
The proposed acquisition has been approved in Delaware, Maryland, New Jersey and Virginia, and has gained clearance from the U.S. Federal Energy Regulatory Commission.
Separately, Exelon has a "buy" rating and a letter grade of B- at TheStreet Ratings because of the company's compelling growth in net income, attractive valuation levels, good cash flow from operations, notable return on equity and impressive record of earnings per share growth.
You can view the full analysis from the report here: EXC
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.