Exelon & Pepco Holdings settle with rooftop solar advocate

Why The Money's Flowing Into US Residential Solar Models

Exelon Corp. (NYSE: EXC) and Pepco Holdings (NYSE: POM) said they have reached a settlement agreement with The Alliance for Solar Choice (TASC) over the companies’ proposed merger.
 
The agreement includes provisions to facilitate the introduction of more onsite renewable energy in Maryland and improve cooperation between solar developers and Pepco holdings’ utilities. As part of the agreement, Pepco Holdings will make it easier for customers and solar developers to connect onsite renewable energy and energy storage projects to the grid.
 
The agreement was filed by Exelon, Pepco Holdings and TASC and is subject to the approval of the Maryland Public Service Commission, which are among the stakeholder groups participating in the merger proceedings before the PSC.
 
Exelon and Pepco Holdings announced their plans to merge in April 2014. It will bring together Exelon’s three electric and gas utilities – BGE, ComEd and PECO – and Pepco Holdings’ three electric and gas utilities – ACE, Delmarva Power and Pepco. The New Jersey Board of Public Utilities, the Federal Energy Regulatory Commission, the Virginia State Corporation Commission and PHI stockholders have all approved the merger. The Maryland PSC, the Public Service Commission of the District of Columbia and the Delaware Public Service Commission all need to approve the deal.



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