CHICAGO (March 19) - Exelon Corporation today announced it has reached an agreement to purchase ETC ProLiance Energy, an Indianapolis-based supplier of natural gas to commercial and industrial customers, plus power generators and utilities, over 2,500 customer facilities.
One of the largest regional gas marketers in the Midwest, ProLiance serves customers in eight states, including Indiana, Illinois, Ohio, Michigan, Iowa, Missouri, Tennessee and Kentucky. ProLiance will become part of Exelon subsidiary Constellation, a leading competitive retail supplier of power, natural gas and energy products and services for homes and businesses across the continental United States.
"ProLiance has a strong reputation with its customers and provides a unique opportunity to grow our gas business in the Midwest," said Mark Huston, president, Constellation - Retail. "We look forward to supporting the customer while leveraging a broader array of Constellation products and services."
Formed in 1996, ProLiance is a subsidiary of ETC Marketing, Ltd., a Dallas-based energy marketing company. The transaction is expected to close in the second quarter of this year.