Chicago-area-based Exelon Corp. is continuing to sell off some of its mechanical contracting companies, and now KeySpan Corp. is reducing its mechanical contracting base.
Late last December, Exelon merged with Public Service Enterprise Group Inc. to form Exelon Electric & Gas, the nation's largest utility. PSEG had already sold off its mechanical contracting firms as of September 2003. During the first nine months of 2004, Exelon sold eight businesses of its Exelon Services group, the mechanical contracting arm of the company with locations in Illinois, Michigan, Minnesota and Ohio. It expected to sell the remainder by year's end.