Exelon Corp., the parent company of D.C. electric utility Pepco, will split into two different publicly traded companies, one for its regulated utilities and another for its power-generating business.
The plan, announced Wednesday morning, would spin off Exelon Generation, the company’s power generation and customer-facing energy business, to become the nation’s largest supplier of clean energy. Exelon Utilities will continue to encompass the company’s six regulated utilities, including Baltimore…