LISTEN: DCPSC CHAIRMAN Explains Why DC Rejects Pepco-Exelon Merger


 

INTERVIEW — BETTY ANN KANE – CHAIRMAN, Public Service Commission of the District of Columbia

  • D.C. regulator rejects proposed Pepco-Exelon merger
  • Exelon, Pepco say they will press forward with merger. Exelon Corp plans to press forward with its $6.8 billion purchase of Pepco Holdings Inc, which would create the nation’s top power distributor, despite opposition from Washington, D.C.’s utilities regulator. The city’s Public Service Commission said last week that it would not approve the proposed merger. The companies said in a joint statement on Monday that they would ask the commission to reconsider.

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