DC Regulators to Reconsider $6.8 Billion Exelon-Pepco Merger

DC regulators to reconsider $6.8 billion Exelon-Pepco Merger

Regulators in the the District of Columbia are taking another look at a proposed merger between Exelon Corp. and Pepco Holdings that would create the largest utility in the U.S.

In August, the D.C. Public Service Commission unanimously rejected the $6.8 billion proposal, saying both companies failed to show how the merger would benefit the district’s citizens.  On Wednesday, commissioners decided to reconsider the deal now that it has the blessings of city officials.

D.C. Mayor Muriel E. Bowser announced in early October her office had reached a settlement with Exelon that includes a $78 million investment into the city – a $64 million increase from the original offer.

The settlement also comes with the promise of new job opportunities in D.C. as Exelon moves 100 positions to the city.

Per the PSC’s decision to review the proposal, a community hearing must occur by Nov. 17 and public interest hearings are scheduled Dec. 2 and 3.

Exelon and Pepco have already received approval from the Federal Energy Regulatory Commission (FERC) and regulators in Delaware, Maryland, New Jersey and Virginia.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...