this week.

The state offered the ferry to the second and third highest bidders after the Portland group withdrew in November. The new winning bid of $171,000 was from Jabal Al Lawz Trading Est. of Dubai, Landau said. The deal is still being worked out as the final sales terms and agreements are negotiated, Landau said.

A company spokesman said Wednesday that the state had not given official notice on accepting their bid. The spokesman said the company plans give the ferry a new life in the Philippines.

The ferry, built in 1963, part of Alaska's ferry system for more than 50 years. It was taken out of service in June 2015 and moored in Ketchikan.Exelon Announces Redemption of Series A Junior Subordinated Debentures

Exelon will redeem all of its outstanding Series A Junior Subordinated Debentures

CHICAGO – Exelon Corporation (Exelon) announced that it will redeem, on June 15, 2013 (Redemption Date), all of its outstanding Series A Junior Subordinated Debentures (NYSE: CEGPRA)(CUSIP No: 210387205)(Debentures) at a redemption price (Redemption Price) equal to 100 percent of the principal amount thereof plus accrued and unpaid interest to, but excluding, the redemption date. The aggregate outstanding principal amount of the Debentures is $450 million. Interest on the Debentures will cease to accrue on the Redemption Date. Payment of the Redemption Price shall be made upon presentment of the Debentures to the trustee, Deutsche Bank Trust Company Americas, at its corporate trust office, which is located at the