Negotiating For Our Future: Is the Exelon/Pepco Merger Right for the District?

WCL Community Economic Development Law Clinic

exelon

The Exelon/Pepco merger first proposed in April 2014 has come to a major turning point with a newly negotiated deal. The merger will bring together Exelon, the largest nuclear power utility company in the United States, with Pepco, the investor-owned public utility company providing electricity to Washington, D.C. and parts of Maryland. The D.C. Public Service Commission unanimously rejected the original proposed merger in August 2014. At the time, Mayor Bowser resisted the merger, saying, “Exelon didn’t provide adequate guarantees on affordability, reliability and environmental sustainability.”

The proposal was resurrected earlier this year, and Mayor Bowser held private meetings with Exelon and Pepco to negotiate a better deal for the District. Exelon is threatening to walk on the deal if approval is not granted within five months. This time frame would not allow a complete and thorough review that is desired by much of the D.C. public and the Public…

View original post 531 more words