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Today's Summary

pjm board of directors approves proposed 765-kv transmission line project. exelon wants to build a power plant in maryland, reversing decades of deregulation.utilities, like Exelon, get a guaranteed return on their infrastructure spending, plus interest. lapp says some utilities have taken it too far, rapidly spending on infrastructure and swelling customer bills. exelons push says it is raising the volume on worries about an electricity crisis.