UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF COLUMBIA
UNITED STATES OF AMERICA,
Plaintiff,
v.
EXELON CORPORATION
and
PUBLIC SERVICE ENTERPRISE
GROUP INCORPORATED
Defendants.
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Case No.: 1:06CV01138
Judge: John D. Bates
Deck Type: Antitrust
Filed: 06/22/06
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PROPOSED FINAL JUDGMENT
WHEREAS, Plaintiff, United States of America, filed its Complaint on
June 22, 2006, relating to the proposed merger of Defendants Exelon
Corporation ("Exelon") and Public Service Enterprise Group Incorporated
("PSEG");
AND WHEREAS, Defendants, by their respective attorneys, have consented to the entry
of this Final Judgment without trial or adjudication of any issue of fact or law, and without this
Final Judgment constituting any evidence against or admission by any party regarding any issue
of fact or law;
AND WHEREAS, Defendants agree to be bound by the provisions of this Final Judgment
pending its approval by the Court;
AND WHEREAS, the essence of this Final Judgment is the prompt divestiture of certain
assets by Defendants to assure that competition is not substantially lessened;
AND WHEREAS, the United States requires Defendants to make certain divestitures for
the purpose of remedying the loss of competition alleged in the Complaint;
AND WHEREAS, Defendants have represented to the United States that the divestitures
required below can and will be made, subject to receipt of necessary regulatory approvals, and
that Defendants will later raise no claim of mistake, hardship, or difficulty of compliance as
grounds for asking the Court to modify any of the provisions contained below;
NOW THEREFORE, before any testimony is taken, without trial or adjudication of any
issue of fact or law, and upon consent of the parties, it is ORDERED, ADJUDGED, AND
DECREED:
I. JURISDICTION
The Court has jurisdiction over the subject matter of and each of the parties to this action.
The Complaint states a claim upon which relief may be granted against Defendants under Section
7 of the Clayton Act, as amended, 15 U.S.C. § 18.
II. DEFINITIONS
As used in this Final Judgment:
- "Acquire" means obtain any interest in any electricity generating facility, including real
property, deeded development rights to real property, capital equipment, buildings, or
fixtures.
- "Acquirer" or "Acquirers" means the entity or entities to whom Defendants divest any of
the Divestiture Assets or with whom Defendants have entered into definitive contracts to
sell any of the Divestiture Assets.
- "Control" means have the ability, directly or indirectly, to set the level of, dispatch, or
offer the output of one or more units of an electricity generating facility or to operate one
or more units of an electricity generating facility.
- "Designated Utility Zones" means the service territories in which the following
companies on June 1, 2006, owned the wires through which electricity is distributed:
- Atlantic City Electric Company,
- Baltimore Gas and Electric Company,
- Delmarva Power and Light Company,
- Jersey Central Power and Light Company,
- Metropolitan Edison Company,
- Rockland Electric Company,
- PECO Energy Company,
- Potomac Electric Power Company,
- PPL Electric Utilities Corporation, and
- Public Service Electric and Gas Company.
- "Divestiture Assets" means the following facilities: (1) Cromby Generating Station, 100
Cromby Rd. at Phoenixville, PA, 19460; (2) Eddystone Generating Station, Number 1
Industrial Hwy. at Eddystone, PA, 19022; (3) Hudson Generating Station, Duffield &
Van Keuren Aves. at Jersey City, NJ, 07306; (4) Linden Generating Station, 4001 South
Wood Ave. at Linden, NJ, 07036; (5) Mercer Generating Station, 2512 Lamberton Rd. at
Hamilton, NJ, 08611; and (6) Sewaren Generating Station, 751 Cliff Rd. at Sewaren, NJ,
07077; and
- For each of those facilities, all of Defendants' rights, titles,
and interests in any tangible and intangible assets relating to the
generation, dispatch, and offering of electricity at the facility; including
the land; buildings; fixtures; equipment; fixed assets; supplies; personal
property; non-consumable inventory on site as of June 1, 2006; furniture;
licenses, permits, and authorizations issued by any governmental organization
relating to the facility (including environmental permits and all permits
from federal or state agencies and all work in progress on permits or
studies undertaken in order to obtain permits); plans for design or
redesign of the facility or any assets at the facility; agreements,
leases, commitments, and understandings pertaining to the facility and
its operation; records relating to the facility or its operation, wherever
kept and in whatever form (excluding records of past offers submitted
to PJM); all equipment associated with connecting the facility to PJM
(including automatic generation control equipment); all remote start
capability or equipment located on site; and all other
interests, assets, or improvements at the facility customarily used
in the generation, dispatch, or offer of electricity from the facility;
provided, however, that "Divestiture Assets" shall not include (i) electric
and gas distribution or transmission assets located in, or appurtenant
to, the boundaries of the facility, or (ii) any communications links
between the facility and Defendants, which will be disconnected.
- At the option of the Acquirer of the Linden Generating Station, the natural gas
pipeline facilities connecting any assets at the Linden Generating Station
(including the assets listed in Section II.E.a. for the Linden Generating Station), to
an interconnection with the Texas Eastern Gas Transmission LP, and all of
Defendants' rights, titles, and interests in any tangible and intangible assets
relating to the delivery of natural gas from the Texas Eastern Gas Transmission
LP interconnection with the Linden Generating Station, including the land;
buildings; fixtures; equipment; fixed assets; supplies; personal property; non-consumable inventory on site as of June 1, 2006; furniture; licenses, permits, and
authorizations issued by any governmental organization relating to the facility
(including environmental permits and all permits from federal or state agencies
and all work in progress on permits or studies undertaken in order to obtain
permits); plans for design or redesign of the facility or any assets at the facility;
agreements, leases, commitments, and understandings pertaining to the facility
and its operation; records relating to the facility or its operation, wherever kept
and in whatever form, and all other interests, assets, or improvements customarily
used in the delivery of natural gas from the interconnection of the Texas Eastern
Gas Transmission LP to the Linden Generating Station.
To the extent that any licenses, permits, or authorizations described in Section II.E.a. or
Section II.E.b. are nontransferable, Defendants will use their best efforts to obtain the
necessary consent for assignment to the Acquirer or Acquirers of the license, permit, or
authorization.
- "Exelon" means Exelon Corporation, a Pennsylvania corporation headquartered in
Chicago, Illinois, its successors and assigns, and its subsidiaries, divisions, groups,
affiliates, partnerships, joint ventures (not including Exelon's participation in the
ownership, operation, dispatch, or offering of output of the Keystone Generating Station
or the Conemaugh Generating Station), and their directors, officers, managers, agents,
and employees.
- "Exelon/PSEG Transaction" means the merger of Exelon and PSEG that is the subject of
HSR Transaction Identification No. 2005-0696, which was filed pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, 15 U.S.C.A. § 18a (West
1997) ("HSR Act"), including any changes in the terms of that merger that do not
necessitate a new Hart-Scott-Rodino filing.
- "Good Utility Practice" means any of the practices, methods, and acts engaged in or
approved by a significant portion of the electric utility industry during the relevant time
period, or any of the practices, methods, and acts which, in the exercise of reasonable
judgment in light of the facts known at the time the decision is made, could have been
expected to accomplish the desired result at a reasonable cost consistent with good
business practices, reliability, safety, and expedition. "Good Utility Practice" is not
intended to be limited to the optimum practice, method, or act to the exclusion of all
others, but rather is intended to include acceptable practices, methods, or acts generally
accepted in the region.
- "Including" means including but not limited to.
- "Person" means any natural person, corporation, association, firm, partnership, or other
business or legal entity.
- "PJM" means PJM Interconnection, LLC.
- "PSEG" means Public Service Enterprise Group Incorporated, a New Jersey corporation
headquartered in Newark, New Jersey, its successors and assigns, and its subsidiaries,
divisions, groups, affiliates, partnerships, joint ventures (not including PSEG's
participation in the ownership, operation, dispatch, or offering of output of the Keystone
Generating Station, the Conemaugh Generating Station, or the Yards Creek Generating
Station), and their directors, officers, managers, agents, and employees.
III. APPLICABILITY
- This Final Judgment applies to Defendants Exelon and PSEG, as defined
above, and all other persons in active concert or participation with
any of them who receive actual notice of this Final Judgment by personal
service or otherwise.
- Defendants shall require, as a condition of the sale or other disposition of all or
substantially all of their electricity generating facilities in the Designated Utility Zones or
of lesser business units that include the Divestiture Assets, that the purchaser agrees to be
bound by the provisions of this Final Judgment, provided, however, that Defendants need
not obtain such an agreement from the Acquirers of the Divestiture Assets.
IV. DIVESTITURES
- Defendants are hereby ordered and directed, in accordance with the
terms of this Final Judgment, to sell the Divestiture Assets to Acquirers
acceptable to the United States in its sole discretion. Defendants shall
enter into definitive contracts for sale of the Divestiture Assets within
150 days after consummation of the Exelon/PSEG Transaction. The United
States, in its sole discretion, may extend the time period set forth
in Section IV.A. for entering into definitive contracts for sale for
an additional period not to exceed thirty (30) calendar days and shall
notify the Court in such circumstances. Defendants shall use their best
efforts as expeditiously and timely as possible (1) to enter into these
contracts, and (2) after obtaining the United States' approval of the
Acquirers, to seek the necessary approvals of the sale of Divestiture
Assets from regulatory agencies with jurisdiction over the Exelon/PSEG
Transaction. Defendants shall consummate the contracts for sale no later
than twenty-one (21) calendar days after receiving, for each Divestiture
Asset, the last necessary regulatory approval required for that Divestiture
Asset.
- In accomplishing the requirements imposed by Section IV.A., Defendants promptly shall
make known, by usual and customary means, the availability for sale of the Divestiture
Assets. Defendants shall inform any person making an inquiry regarding a possible
purchase of the Divestiture Assets that the sales are being made pursuant to this Final
Judgment and provide such person with a copy of this Final Judgment. Defendants shall
also offer to furnish to prospective Acquirers who have been invited to submit binding
bids, subject to reasonable protection for confidential commercial information, all
information and documents relating to the Divestiture Assets customarily provided in a
due diligence process, except such information subject to attorney-client privilege or the
attorney work-product doctrine. Defendants shall make available such information to the
United States at the same time that such information is made available to any other
person.
- Subject to reasonable protection for confidential commercial information, Defendants
shall permit prospective Acquirers who have been invited to submit binding bids for the
Divestiture Assets to have reasonable access to their personnel and to make such
inspection of the Divestiture Assets and any and all of their financial, operational, or
other documents and information customarily provided as part of a due diligence process,
as well as access to any and all environmental and other permit documents and
information.
- Defendants shall provide to each Acquirer of any of the Divestiture Assets, and to the
United States, the name and most recent contact information (if known) for each
individual who is currently, or who, to the best of Defendants' knowledge, has, at any
time since January 1, 2006, been stationed at a specific Divestiture Asset and involved in
the operation, dispatch, or offering of the output, of that Divestiture Asset to be purchased
by the Acquirer. Defendants shall not impede or interfere with any negotiations by the
Acquirer or Acquirers to employ such persons.
- Defendants also agree to preserve the Divestiture Assets in a condition and state of repair
at least equal to their condition and state of repair as of the date the Complaint was filed,
ordinary wear and tear excepted, and consistent with Good Utility Practice.
- Defendants shall warrant to the Acquirers of the Divestiture Assets that each asset (other
than assets retired in place as of June 1, 2006) will be operational, consistent with Good
Utility Practice, on the date of sale, subject to legal or regulatory restrictions on any of the
Divestiture Assets in existence on the date of sale.
- Defendants shall warrant to the Acquirers of the Divestiture Assets that there are no
undisclosed material defects in the environmental, zoning, or other permits pertaining to
the operation of each asset, and that following the sale of the Divestiture Assets,
Defendants will not undertake, directly or indirectly, any challenges to any permits or
certifications relating to the operation of the Divestiture Assets, or otherwise take any
action to impede the divestiture or operation of the Divestiture Assets.
- The divestitures, whether accomplished by Defendants pursuant to Section IV, or by the
trustee appointed pursuant to Section V of this Final Judgment, shall be accomplished in
such a way as to satisfy the United States, in its sole discretion, that the Divestiture Assets
can and will be used by the Acquirers as part of viable, ongoing businesses engaged in the
provision of electric generation services. The divestitures, whether pursuant to Sections
IV or V of this Final Judgment, (1) shall be made to Acquirers that, in the United States'
sole judgment, have the intent and capability (including the necessary managerial,
operational, technical, and financial capability) of competing effectively in the business of
the provision of electric generation services; and (2) shall be accomplished so as to satisfy
the United States, in its sole discretion, that none of the terms of any agreement between
the Acquirers and Defendants give Defendants the ability unreasonably to raise the
Acquirers' costs, to lower the Acquirers' efficiency, or otherwise to interfere in the ability
of the Acquirers to compete effectively.
V. APPOINTMENT OF TRUSTEE
- If Defendants have not entered into definitive contracts for sale
of the Divestiture Assets within the time specified in Section IV.A.
of this Final Judgment, Defendants shall
notify the United States of that fact in writing. Upon application of
the United States, the Court shall appoint a trustee selected by the
United States and approved by the Court to effect the divestiture of
the Divestiture Assets, including the application for necessary regulatory
approvals. Until such time as a trustee is appointed, Defendants shall
continue their efforts to effect the sale of the Divestiture Assets
as specified in Section IV.
- After the appointment of a trustee becomes effective, only the trustee shall have the right
to sell the Divestiture Assets. The trustee shall have the power and authority to
accomplish the divestitures at the earliest possible time to Acquirers acceptable to the
United States, in its sole discretion, at such price and on such terms as are then obtainable
upon reasonable effort by the trustee, subject to the provisions of Sections IV, V, and VI
of this Final Judgment, and shall have such other powers as the Court deems appropriate.
Subject to Section V.D. of this Final Judgment, the trustee shall have the power and
authority to hire at the cost and expense of Defendants any investment bankers, attorneys,
or other agents, who shall be solely accountable to the trustee, reasonably necessary in the
judgment of the trustee to assist in the divestitures.
- Defendants shall not object to a sale by the trustee on any ground other than the trustee's
malfeasance. Any such objections by Defendants must be conveyed in writing to the
United States and the trustee within ten (10) calendar days after the trustee has provided
the notice required under Section VI of this Final Judgment.
- The trustee shall serve at the cost and expense of Defendants, on such terms and
conditions as the United States approves, and shall account for all monies derived from
the sale of the assets sold by the trustee and all costs and expenses so incurred. After
approval by the Court of the trustee's accounting, including fees for its services and those
of any professionals and agents retained by the trustee, all remaining money shall be paid
to Defendants, and the trust shall then be terminated. The compensation of the trustee
and of any professionals and agents retained by the trustee shall be reasonable in light of
the value of the Divestiture Assets and based on a fee arrangement providing the trustee
with an incentive based on the price and terms of the divestitures and the speed with
which they are accomplished, but timeliness is paramount.
- Defendants shall use their best efforts to assist the trustee in accomplishing the required
divestiture, including their best efforts to effect all necessary regulatory approvals. The
trustee and any consultants, accountants, attorneys, and other persons retained by the
trustee shall have full and complete access to the personnel, books, records, and assets at
the facilities to be divested, and Defendants shall develop financial or other information
relevant to the assets to be divested customarily provided in a due diligence process as the
trustee may reasonably request, subject to reasonable protection for confidential
commercial information. Defendants shall permit prospective Acquirers who have been
invited to submit binding bids for any of the Divestiture Assets to have reasonable access
to their personnel and to make such inspection of the Divestiture Assets and any and all
financial, operational, or other documents and other information as may be relevant to the
divestitures required by this Final Judgment, subject to reasonable protection for
confidential commercial information. Defendants shall take no action to interfere with or
to impede the trustee's accomplishment of the divestitures.
- After its appointment, the trustee shall file monthly reports with the United States and the
Court setting forth the trustee's efforts to accomplish the divestitures ordered under this
Final Judgment; provided however, that to the extent such reports contain information
that the trustee deems confidential, such reports shall not be filed in the public docket of
the Court. Such reports shall include the name, address, and telephone number of each
person who, during the preceding month, made an offer to acquire, expressed an interest
in acquiring, entered into negotiations to acquire, or was contacted or made an inquiry
about acquiring, any interest in the Divestiture Assets, and shall describe in detail each
contact with any such person during that period. The trustee shall maintain full records of
all efforts made to divest the Divestiture Assets.
- If the trustee has not accomplished such divestitures within sixty (60) calendar days after
its appointment, the trustee shall file promptly with the Court a report setting forth (1) the
trustee's efforts to accomplish the required divestitures; (2) the reasons, in the trustee's
judgment, why the required divestitures have not been accomplished; and (3) the trustee's
recommendations. To the extent such reports contain information that the trustee deems
confidential, such reports shall not be filed in the public docket of the Court. The trustee
shall at the same time furnish such report to the United States, who shall have the right to
make additional recommendations consistent with the purpose of the trust. The Court
shall enter thereafter such orders as it shall deem appropriate to carry out the purpose of
this Final Judgment which may, if necessary, include extending this Final Judgment and
the term of the trustee's appointment by a period requested by the United States.
VI. NOTICE OF PROPOSED DIVESTITURES
- Within two (2) business days after signing a definitive contract for sale of any of the
Divestiture Assets, Defendants or the trustee, whichever is then responsible for effecting
the divestiture required herein, shall notify the United States of any proposed divestiture
required by Sections IV or V of this Final Judgment, and submit to the United States a
copy of the proposed contract for sale and any other agreements with the Acquirer
relating to the Divestiture Assets. If the trustee is responsible, it shall similarly notify
Defendants. The notice shall set forth the details of the proposed divestiture (including
the name, address, and telephone number of the proposed Acquirer), and list the name,
address, and telephone number of each person not previously identified who offered or
expressed an interest in or desire to acquire the Divestiture Assets, together with full
details of the same.
- Within fifteen (15) calendar days of receipt by the United States of such notice, the
United States may request from Defendants, the proposed Acquirers, any other third
party, or the trustee if applicable, additional information concerning the proposed
divestiture, the proposed Acquirers, and any other potential Acquirers. Defendants and
the trustee shall furnish any additional information requested within fifteen (15) calendar
days of the receipt of the request, unless the parties shall otherwise agree.
- Within thirty (30) calendar days after receipt of the notice or within twenty (20) calendar
days after the United States has been provided the additional information requested from
Defendants, the proposed Acquirers, any third party, and the trustee, whichever is later,
the United States shall provide written notice to Defendants and the trustee, if there is
one, stating whether or not it objects to the proposed divestiture, provided, however, that
the United States may extend the period for its review up to an additional thirty (30)
calendar days. If the United States provides written notice that it does not object, the
divestiture may be consummated, subject only to Defendants' limited right to object to
the sale under Section V.C. of this Final Judgment. Absent written notice that the United
States does not object to the proposed Acquirer, or upon objection by the United States, a
divestiture proposed under Section IV or Section V shall not be consummated. Upon
objection by Defendants under Section V.C., a divestiture proposed under Section V shall
not be consummated unless approved by the Court.
VII. AFFIDAVITS
- Within twenty (20) calendar days of the filing of the Complaint
in this matter and every thirty (30) calendar days thereafter until
the Divestiture Assets have been sold, whether pursuant to Sections
IV or V of this Final Judgment, Defendants shall deliver to the United
States an affidavit as to the fact and manner of compliance with Sections
IV or V of this Final Judgment. Each such affidavit shall include the
name, address, and telephone number of each person who, during the preceding
thirty days, made an offer to acquire, expressed an interest in acquiring,
entered into negotiations to acquire, or was contacted or made an inquiry
about acquiring, any interest in the Divestiture Assets, and shall describe
in detail each contact with any such person during that period. Each
such affidavit shall also include a description of the efforts that
Defendants have taken to solicit purchasers for the Divestiture Assets
and to provide required information to prospective purchasers including
the limitations, if any, on such information. Assuming the information
set forth in the affidavit is true and complete, any objection by the
United States to information provided by Defendants, including limitation
on information, shall be made within fourteen (14) calendar days of
receipt of such affidavit.
- Within twenty (20) calendar days of the filing of the Complaint in this matter, Defendants
shall deliver to the United States an affidavit that describes in detail all actions
Defendants have taken and all steps Defendants have implemented on an ongoing basis to
comply with Section IX of this Final Judgment. The affidavit also shall include a
description of Defendants' efforts to maintain the Divestiture Assets in operable
condition at no less than current capacity configurations with current levels of staffing
and management and to otherwise comply with the Hold Separate Stipulation and Order.
Defendants shall deliver to the United States an affidavit describing any changes to the
efforts and actions outlined in Defendants' earlier affidavit(s) filed pursuant to this
Section within fifteen (15) calendar days after the change is implemented.
- Defendants shall keep all records of all efforts made to preserve and divest the Divestiture
Assets until one year after such divestitures have been completed.
VIII. FINANCING
Defendants shall not finance all or any part of any purchase made pursuant to Sections IV
or V of this Final Judgment.
IX. HOLD SEPARATE
Until the divestitures required by this Final Judgment have been accomplished,
Defendants shall take all steps necessary to comply with the Hold Separate Stipulation and Order
entered by the Court. Defendants shall take no action that would jeopardize, delay, or impede the
divestiture order by the Court.
X. NO REACQUISITION
Defendants may not acquire or control any of the Divestiture Assets during the term of
this Final Judgment.
XI. PRIOR APPROVAL
- Without the prior approval of the United States, Defendants shall not acquire any
electricity generating facility, or enter into any contract to obtain control of, an electricity
generating facility or of one or more units of an electricity generating facility in the
Designated Utility Zones, which facility or units are in existence as of June 1, 2006, or
are listed in Attachment A. Such prior approval shall be within the sole discretion of the
United States.
This prior approval requirement shall not apply to:
- Upgrades, expansions, or uprates of existing units up to the amount of such
upgrades, expansions, or uprates;
- Units that are rebuilt, repowered, or activated out of inactive status after June 1,
2006, as long as such rebuild, repowering, or activation, if done by Defendants,
begins within one year of purchase of the facility that includes the unit; and
- Acquisitions of a facility of 25 megawatts or less of summer net capability, as
defined by PJM, or contracts to control 25 megawatts or less of summer net
capability, as defined by PJM, provided, however, that Defendants do not acquire,
or enter into contracts to obtain control of, more than 100 megawatts of summer
net capability from units at a single facility during a single calendar year. For the
purpose of Section XI.A.3., the summer net capability of a unit that is an
intermittent capacity resource, as defined by PJM, will be measured as of the date
of acquisition of the unit, or of entry into the contract to control the unit, in
accordance with the methodology used by PJM for calculating capacity values for
intermittent capacity resources.
- Unless a transaction subject to Section XI.A. is otherwise subject to the reporting and
waiting period requirements of the HSR Act:
- Defendants shall provide notification to the United States within five (5) calendar
days of acceptance of any contract subject to Section XI.A. and shall submit
copies of the contracts and any management or strategic plans discussing the
proposed transaction, and the names of the principal representatives of the parties
to the agreement who negotiated the agreement. Defendants shall send the
required materials to Chief, Transportation, Energy, and Agriculture Section,
Antitrust Division, United States Department of Justice, 325 Seventh Street, NW,
Suite 500, Washington, DC 20530. Should oversight of this Final Judgment be
the responsibility of another section of the Antitrust Division, the required
materials shall be sent to the chief of the section responsible for oversight of this
Final Judgment;
- Within thirty (30) calendar days of the receipt of the required materials, if the
transaction is not reportable under the HSR Act, the United States will determine
whether it requires additional information from the parties to the contract. If the
United States makes such a request for additional information, the parties will
provide the information requested.
- Once the parties have provided all of the information requested under Section XI.B. or
under the HSR Act, the United States must notify Defendants within thirty (30) calendar
days if the United States disapproves the proposed transaction.
- Section XI.A. shall be broadly construed and any ambiguity or uncertainty shall be
resolved in favor of requiring prior approval.
- Nothing in this Section limits Defendants' responsibility to comply with the requirements
of the HSR Act with respect to any acquisition.
XII. COMPLIANCE INSPECTION
- For purposes of determining or securing compliance with this Final Judgment, or of
determining whether this Final Judgment should be modified or vacated, and subject to
any legally recognized privilege, from time to time duly authorized representatives of the
United States Department of Justice, including consultants and other persons retained by
the United States, shall, upon written request of a duly authorized representative of the
Assistant Attorney General in charge of the Antitrust Division, and on reasonable notice
to Defendants, be permitted:
- Access during Defendants' office hours to inspect and copy, or at the United
States' option, to require Defendants to provide copies of, all books, ledgers,
accounts, records, and documents in the possession, custody, or control of
Defendants, relating to any matters contained in this Final Judgment; and
- To interview, either informally or on the record, Defendants' officers, employees,
or agents, who may have their individual counsel present, regarding such matters.
The interviews shall be subject to the reasonable convenience of the interviewee
and without restraint or interference by Defendants.
- Upon the written request of a duly authorized representative of the Assistant Attorney
General in charge of the Antitrust Division, Defendants shall submit written reports, or
responses to written interrogatories, under oath if requested, relating to any of the matters
contained in this Final Judgment as may be requested.
- No information or documents obtained by the means provided in this section shall be
divulged by the United States to any person other than an authorized representative of the
executive branch of the United States, except in the course of legal proceedings to which
the United States is a party (including grand jury proceedings), or for the purpose of
securing compliance with this Final Judgment, or as otherwise required by law.
- If at the time information or documents are furnished by Defendants to the United States,
Defendants represent and identify in writing the material in any such information or
documents to which a claim of protection may be asserted under Rule 26(c)(7) of the
Federal Rules of Civil Procedure, and Defendants mark each pertinent page of such
material, "Subject to claim of protection under Rule 26(c)(7) of the Federal Rules of Civil
Procedure," then the United States shall give Defendants ten (10) calendar days notice
prior to divulging such material in any legal proceeding (other than a grand jury
proceeding).
XIII. RETENTION OF JURISDICTION
The Court retains jurisdiction to enable any party to this Final Judgment
to apply to the Court at any time for further orders and directions
as may be necessary or appropriate to carry out or construe this Final
Judgment, to modify any of its provisions, to enforce compliance, and
to punish violations of its provisions.
XIV. EXPIRATION OF FINAL JUDGMENT
Unless the Court grants an extension, this Final Judgment shall expire ten (10) years from
the date of its entry.
XV. PUBLIC INTEREST DETERMINATION
Based on the record in this case, entry of this Final Judgment is in the public interest, and
the parties have complied with the procedures of the Antitrust Procedures and Penalties Act, 15
U.S.C. § 16.
Dated:
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______________________________
United States District Judge
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ATTACHMENT A
State |
Identification Number
(PJM Queue, www.pjm.com) |
PJM Substation |
DE |
Q42 |
Indian River |
NJ |
P23 |
Bayonne 138 kV |
NJ |
Q08 |
Red Oak 230 kV |
NJ |
Q11 |
Red Oak 230 kV |
NJ |
Q26 |
Churchtown 230 kV |
NJ |
Q41 |
Mt. Hope Mine 34.5 kV |
PA |
C02 |
South Lebanon 230 kV |
PA |
G06 |
Martins Creek #4 |
PA |
M11 |
Susquehanna #1 |
PA |
M12 |
Susquehanna #2 |
PA |
P04 |
Peach Bottom 500 kV |
PA |
Q20 |
Holtwood |
PA |
Q28 |
Eldred-Frackville 230 kV |
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