It’s official, PEPCO and Exelon have now completed a multi-billion dollar merger. Exelon received the final green light to purchase PEPCO after the Washington D.C. Public Service Commission (PSC) voted two to one in favor of the deal on Wednesday. Key leaders in the District, including Washington D.C. Mayor Muriel Bowser and Attorney General Karl Racine have […]
Pepco-Exelon Merger Gets Green Light from D.C. Public Service Commission
The Washington D.C. Public Service Commission (PSC) voted in favor of the PEPCO-Exelon merger on Wednesday. After several tumultuous months, both companies can now begin the next steps of a multi-billion dollar merger. In a two to one vote, the PSC ruled that the merger would benefit District customers and “is in the public interest.” The […]
Five Things to Know Today, March 8, in Montgomery County
Here are your five things to know today, March 8, in Montgomery County: 1. The Montgomery County Council meets today. On the agenda: a briefing on Blizzard of 2016 clean up. You can view the Council’s entire agenda, here. 2. The Montgomery County Board of Education is also meeting today and on the agenda: appointment of Superintendent […]
PEPCO and Exelon Move to Secure Merger
PEPCO and Exelon filed a new agreement with the Washington D.C. Public Service Commission (PSC) on Monday that could save the merger between the utility companies. The PSC previously voted against the merger of PEPCO and Exelon, but allowed the both companies to come up with an alternate agreement that would address the concerns of the commission. […]
D.C. Public Service Commission Rejects PEPCO-Exelon Merger with Conditions
The Washington D.C. metropolitan region was expecting to hear about one of the largest utility mergers in the country today but the D.C. Public Service Commission (PSC) says the deal is not that simple. The PSC rejected the merger between PEPCO and Exelon in a room packed with media and but will still keep the lights […]
Five Things to Know Today, Feb. 26, in Montgomery County
Here are your five things to know today, Feb. 26, in Montgomery County: 1. Today, the D.C. Public Service Commission will announce whether it has approved Exelon’s request to take over Pepco. 2. The weekend starts early for Montgomery County Public School students because today is an early release day. 3. Metro’s General Manager Paul Wiedefeld and […]
Pepco and Exelon File Petition for New Hearing in D.C.
Pepco Holdings Inc. and Exelon Corporation have filed a petition for reconsideration of their merger with the Public Service Commission (PSC) of the District of Columbia. According to a news release, the companies are working with the District of Columbia government to reach a settlement agreement. “We remain convinced our merger offers significant benefits to […]
Leventhal Holds News Briefing (VIDEO)
Montgomery County Council President George Leventhal met with the media Monday and talked about the recent developments in the Purple Line, the Exelon-Pepco merger and the search for the next superintendent of the county’s school system. You can watch that news briefing in its entirety here.
Council Unanimously Passes Resolution About Proposed Exelon Pepco Merger (VIDEO)
The Montgomery County Council unanimously passed a resolution on March 31 that urges the Maryland Public Service Commission to mitigate what officials called serious risks to the public interest by insisting, at a minimum, on commitments by Exelon to hold down costs to ratepayers and to strive for national leadership in clean, renewable, distributed energy […]
Leggett Gives Stamp of Approval on Exelon/Pepco Merger
Exelon Corporation and Pepco Holdings Inc. announced Tuesday that they have reached a settlement agreement with Montgomery and Prince George’s counties in the proceeding before the Maryland Public Service Commission to review the companies’ proposed merger. The commission is expected to decide on the merger application April 8. The two counties represent all of Pepco’s Maryland customers […]
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