The Concerned Citizen

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The Pepco-Exelon Merger

M_BowserThe Concerned Citizen applauds Mayor Muriel Bowser’s decision not to support the merger between Pepco and Exelon. We think this deal is simply not in the best interest of DC residents for the long-haul.

Exelon’s proposed $6.8 billion acquisition of Pepco was approved by regulators in four states and the federal government; however, it hit numerous snags in the District. Attorney General Karl Racine and DC Water’s general manager George Hawkins are the latest to speak out against the settlement. Hawkins said that he opposes the revised settlement because the terms won’t benefit ratepayers. What do you think DC?

Filed under: Around Town

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