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November 24, 2024

District of Columbia

Pepco’s Influence in District Runs Deep
Public records show that in June alone, Pepco and Exelon lobbyists communicated more than 60 times with seven D.C. councilmembers or their aides.
‘Most Favored Nation’ Provision
Exelon spokesman Paul Elsberg confirmed that the concessions the company agreed to in its bid to win D.C.’s approval of its takeover of Pepco could result in changes to the deals already struck with Delaware, Maryland and New Jersey.
Mayor’s Settlement Puts DC PSC on the Spot in Exelon-Pepco Deal
With the administration and public advocate on its side, Exelon's chances of closing their acquisition of Pepco appear to hinge on winning a ‘yes’ vote from PSC Chairman Betty Ann Kane or Commissioner Joanne Doddy Fort.
D.C. Mayor Announces Deal on Exelon-Pepco Merger
D.C. Mayor Muriel Bowser and Exelon CEO Chris Crane announced Tuesday that Exelon would quintuple its concessions to $78 million in a bid to win the Public Service Commission's OK for the company’s $6.8 billion acquisition of Pepco Holdings Inc.
Reports: Exelon Considering DC HQ to Win Pepco Deal
Chicago-based Exelon would open a headquarters in the district and offer more customer credits under a tentative agreement D.C. Mayor Muriel Bowser’s office has reportedly struck to support the company’s purchase of D.C.-based Pepco Holdings Inc.
Exelon Appeals DC PSC Decision; DC Mayor Confirms Negotiations
Exelon asked the D.C. Public Service Commission to reconsider its rejection of the company’s proposed $6.8 billion acquisition of Pepco Holdings Inc.
DC Mayor Tight-Lipped on Exelon-Pepco Deal
As the Sept. 28 deadline approaches for Exelon and Pepco Holdings Inc. to appeal D.C. regulators’ rejection of their merger, Mayor Muriel Bowser is saying little to indicate how she feels about a second try by the companies to close the deal.
DC Halts Exelon’s Acquisition of Pepco Holdings; Pepco Stock Tumbles
The D.C. Public Service Commission unanimously denied Exelon's proposed $6.8 billion acquisition of Pepco Holdings Inc., sparking applause in the hearing room and sending the shares of both companies tumbling on Wall Street.
DC PSC to Announce Decision on Pepco Acquisition Tuesday
The D.C. Public Service Commission will announce its decision on Exelon’s acquisition of Pepco Holdings Inc. at its open meeting 11 a.m. Tuesday.
Failed Lightning Arrester Caused April Outage
The power outage that darkened the White House and much of D.C. on April 7 began with the failure of a 230-kV lightning arrester at a Pepco substation.

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