recent Jersey utility regulators on...

recent Jersey utility regulators on Thursday submitted a counterproposal to the deal presented by Exelon and Public Service Enterprise arrange whose proposed $17 billion merger would create the nation's largest utility company.

Neither Chicago-based Exelon and Newark-based PSEG nor the state Board of Public Utilities, would release details.

The board in a statement said its document "addresses all important issues in the merger proceeding and is geared towards bringing positive benefits to the ratepayers and citizens of fresh Jersey."

Earlier this month the board declined to command on the merger, which has been approved according to the federal Justice Department. The modern Jersey officials at the time cited troubles a merger would lower the of the same height of service provided to residents and said the companies privationed to continue negotiating with the state before the deal can be approved.

The companies have implored the state to direction quickly on the deal. They have said a $146 billion package of incentives is their "last and best offer" to win state approval.

PSEG shares rose 50 cent to finish at $69.78, while shares of Exelon ferocious 21 cents to finish at $5878

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