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CHICAGO, Apr 28 (UPI) -- U.S. forcefulness colossus Exelon Corp. said weekday it had united to merge with Constellation Energy in an every have care valued at $7.9 billion.

Exelon said it would ready its study and its headquarters in Chicago, while Constellation's retail and wholesale business would ready its study and be headquartered in Baltimore.

Exelon Chairman and Chief Executive Officer John Rowe said, "This integration creates the number one combative forcefulness provider with one of the industry's cleanest and lowest-cost noesis procreation fleets and one of the largest commercial, industrial and residential customer bases in the United States."

The compounded consort would have a continuance of $52 billion.

The firm's forcefulness portfolio would include 55 proportionality nuclear power, 24 proportionality uncolored gas-generated noesis and 8 proportionality renewable noesis sources, including hydro power.

In the deal, Constellation shareholders would obtain a continuance of $38.59 per share, valuing the consort at $7.9 billion. The deal, Exelon said in a statement, is an 18.1 proportionality payment over Constellation's closing have continuance on Apr 27.

The chief chair of the new consort module be Constellation Chairman, President and CEO Mayo Shattuck III. Exelon President and Chief Operating Officer Christopher Crane module become the company's CEO and president, the statement said.