Pepco

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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 […]

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More News and Commentary

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Maryland AG Pushes for Commission to Block Exelon Takeover of Pepco

Carrie Wells for the Baltimore Sun: Attorney General Brian E. Frosh joined an effort in court Wednesday to require the Maryland Public Service Commission to reconsider its approval of Exelon Corp.’s merger with Pepco Holdings. Frosh filed a friend of the court brief in an effort by the Office of People’s Counsel, Maryland’s consumer advocate, […]

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Editorial: D.C.’s Mayor Took Some Bad Bait on Exelon’s Latest Gambit for D.C. Power Market

The Washington Post: While the mayor’s deal includes a small increase in customer bill offsets and a pledge to hire about 100 local workers, the specifics of the deal reveal that rates may increase in 2019 and jobs may be lost starting as soon as 2018. The funds Exelon has offered to the District won’t […]

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