Exelon to hold conference call on NRG deal Thursday

NEW YORK, July 1 (Reuters) - Exelon Corp (EXC.N) said it plans to hold a conference call on Thursday morning to discuss its hostile takeover bid for independent power producer NRG Energy Inc. (NRG.N)

Exelon held a board meeting on Tuesday, and the NRG deal was on the agenda.

The company said the conference call will begin at 8 AM Eastern Time, but did not disclose further details about what would be discussed on the call.

Exelon Chief Executive John Rowe met with a group of investors, including Bernstein analyst Hugh Wynne earlier in June. According to Wynne, Rowe said that management would present its analysis of the bid at the meeting and the board would decide on what terms or whether to go forward with the bid.

Exelon, the largest nuclear power company in the United States, in October offered 0.485 of one of its shares for every NRG share. It has nominated a slate of directors to stand for election at NRG's annual meeting.

But the bid has become the subject of much speculation as NRG's stock price has risen above Exelon's offer price. Analysts have suggested that this means that Exelon would have to materially raise its bid to win NRG shareholder support.

Shares of Exelon closed at $51.56 on the New York Stock Exchange on Wednesday, which means its bid would value NRG at about $25.01 a share. NRG shares closed at $26.05 also on the NYSE. (Reporting by Michael Erman)