By Michael Dabaie


Exelon Corp. shares were down 28% to $41.40 premarket Wednesday as the company completed the separation of Constellation Energy Corp., its former power generation and competitive energy business.

Energy utility company Exelon's transmission and distribution utility business will continue to be called Exelon and trade on Nasdaq under the ticker symbol EXC.

Constellation will begin regular trading on the Nasdaq Global Select Market on Wednesday under the symbol CEG.

Exelon operates across a large, mainly urban, service area in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania.

In connection with the separation, Exelon shareholders received one share of Constellation common stock for every three shares of Exelon common stock held at the close of business on Jan. 20, the record date for the distribution.


Write to Michael Dabaie at michael.dabaie@wsj.com


(END) Dow Jones Newswires

02-02-22 0751ET