October 29, 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 be good for Exelon and Pepco shareholders, and bad for ratepayers in the long run.

A community hearing is set to take place before Nov. 17. Public interest hearings are set for Dec. 2 and 3.

Taking another look at the settlement allows Exelon to press its case for approval of the $6.4 billion merger.

“We are pleased that the commission will consider our settlement agreement with the District government, Office of the People’s Counsel, Attorney General and others within the existing proceeding,” Pepco spokeswoman Myra Oppel said in a statement.

Anya Schoolman, executive director of D.C. Solar United Neighborhoods, said she’s “very disappointed” with the D.C. commission’s decision.

D.C. officials to reconsider Pepco-Exelon merger

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