Exelon

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Corporate Strategy at D.C. Ratepayer Expense: Exelon’s Proposed Acquisition of Pepco Holdings

Corporate Strategy at D.C. Ratepayer Expense: Exelon’s Proposed Acquisition of Pepco Holdings

We’re releasing a new report today that explains how Exelon Corp.’s proposed $6.8 billion acquisition of Pepco Holdings would hurt ratepayers in Washington, D.C. Our report, “Exelon’s Proposed Acquisition of Pepco: Corporate Strategy at Ratepayer Expense,” is posted here. Here’s a snapshot: The deal, if it goes through, would expose customers to rate increases aimed at […]

January 21, 2015 Read More →

More News and Commentary

U.S. Nuclear Industry Is in Trouble

Bloomberg News: More than half of America’s nuclear reactors are bleeding cash, racking up losses totaling about $2.9 billion a year, based on a Bloomberg New Energy Finance analysis. Nuclear power plants are getting paid $20 to $30 a megawatt-hour for their electricity, Nicholas Steckler, an analyst at Bloomberg New Energy Finance, said in a […]

June 15, 2017 Read More →

Exelon Pushes for Illinois State Subsidies for Its Coal and Nuclear Plants

Kari Lyderson for Midwest Energy News: Illinois legislators today introduced a long-awaited massive energy bill that would provide subsidies to keep nuclear plants and coal plants running and introduce a controversial demand charge, along with fixing the state’s Renewable Portfolio Standard, increasing energy efficiency investments and other measures. For more than a year, Exelon has […]

November 15, 2016 Read More →
By Allowing the Pepco-Exelon Merger to Proceed, Utility Regulators in D.C. Are Assuring Higher Bills for Ratepayers

By Allowing the Pepco-Exelon Merger to Proceed, Utility Regulators in D.C. Are Assuring Higher Bills for Ratepayers

‘Expensive wedding gifts are nice. But all the wedding gifts in the world can’t make a bad marriage good.’

Betty Anne Kane had it right in stating this week that Exelon’s acquisition of Pepco “benefits Pepco and Exelon shareholders but does not provide sustainable benefits to District ratepayers.” Kane, who cast the dissenting vote in a 2-1 decision by the District of Columbia Public Service Commission to allow the deal to go forward, denounced it in […]

March 25, 2016 Read More →

D.C. Commission, in Surprise 2-1 Reversal, Approves Pepco-Exelon Merger

Thomas Heath and Aaron C. Davis for the Washington Post: District regulators approved a $6.8 billion merger between Pepco Holdings and Exelon on Wednesday, creating the largest publicly held utility in the country. The decision marked a surprising turn of events for the deal, which D.C. regulators had rejected twice and which appeared to be […]

March 24, 2016 Read More →

Questions Over Latest Wrinkle in Deal to Let Exelon Take Over D.C.-Area Utility

Amy Poszywak for SNL: The path to approval for Exelon Corp.’s proposed acquisition of Pepco Holdings Inc., thought to be made clearer after a recent decision by District of Columbia regulators, was made murkier March 1. Mayor Muriel Bowser and People’s Counsel Sandra Mattavous-Frye separately announced they will not support PSC-suggested changes to a settlement […]

March 2, 2016 Read More →

U.S. General Service Administration, Largest Pepco Customer, Opposes Exelon Takeover

Amy Poszywak for SNL: The U.S. General Services Administration, which buys electricity on behalf of federal government properties in the District of Columbia, has joined the opposition to Exelon Corp.’s proposed acquisition of District-headquartered Pepco Holdings Inc., according to a brief filed by the government agency on Dec. 16. The GSA said in an initial […]

December 29, 2015 Read More →

PAC Leader Should Prompt Regulators to Halt Exelon-Pepco Merger

David Arkush for Public Citizen: With the revelation that Exelon hired the head of FreshPAC to lobby for its proposed takeover of Pepco, the stench from the mayor’s settlement with the utilities is growing so strong it may not be safe to breathe near the Wilson Building. The mayor opposed the Exelon-Pepco merger for well […]

December 18, 2015 Read More →
Exelon Takeover of Pepco, Resurrected by D.C. Mayor, Still Fails the Public-Interest Test

Exelon Takeover of Pepco, Resurrected by D.C. Mayor, Still Fails the Public-Interest Test

Higher Rates, More Risk, Less Interest in Renewables

Even in its latest guise, the proposed settlement of the Exelon-Pepco merger fails the public-interest litmus test. We’ve filed public comment to that effect with the District of Columbia Public Service Commission today (and we’ve written a cautionary letter and memo to the D.C. City Council, which of course holds considerable political sway). The gist […]

November 17, 2015 Read More →

Calls for Ethics Inquiry on D.C. Mayor’s Embrace of Exelon-Pepco Merger

Aaron C. Davis for the Washington Post: Environmentalists and good government groups on Wednesday called for an ethics investigation into D.C. Mayor Muriel E. Bowser’s decision to reverse course and to back a takeover of Pepco, the city’s electric utility, by Exelon, a Chicago-based nuclear energy giant. Critics of the mayor’s about-face, which breathed new […]

November 12, 2015 Read More →

D.C. Commission to Reconsider Allowing Exelon-Pepco Merger to Go Forward

Kate Ryan for WTOP: City regulators will take another look at the potential Pepco-Exelon merger, following a unanimous vote Wednesday to consider a settlement Exelon reached with the District. In August, the D.C. Public Service Commission denied an application for the merger, saying it wasn’t good for the public’s interest. Opponents say the merger would […]

October 29, 2015 Read More →