December 18, 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 over a year – until the D.C. Public Service Commission (PSC) rightly rejected the deal, saying it would be bad for District residents. Since then, the utilities launched an unprecedented campaign to overturn the PSC’s lawful decision. Those efforts included Exelon hiring the head of the mayor’s PAC to lobby her on the deal – someone who has no apparent expertise on electricity or utilities.

It hardly could be more obvious that the mayor’s about-face on the merger is about politics – and potentially PAC cash, as well as enriching former and current D.C. government officials who own Pepco stock – and has nothing to do with what’s good for District residents.

Full article: Exelon’s Hiring of Mayor’s PAC Leader Should Prompt Regulators to Halt Pepco Takeover Proceedings

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