Exelon CEO Christopher Crane testified on the company's proposed takeover of Pepco to the D.C. PSC, while the company still faces opposition in Maryland.

Two key Maryland counties have agreed to support the controversial takeover of Pepco by Exelon in return for promises of bill credits, reliability improvements and other concessions.

D.C.’s consumer advocate asked the PSC last week for more time to respond to Exelon’s sweetened offer in its proposed $6.8 billion acquisition of Pepco.

In a bid to win D.C.’s approval of its takeover of Pepco, Exelon last week more than doubled the amount of customer credits it is offering.

Exelon’s $6.8 billion bid to acquire Pepco took two steps forward when it gained approvals from both the New Jersey BPU and the staff of the Delaware PSC.

The New Jersey Board of Public Utilities approved the Exelon takeover of Pepco Holdings Inc. in a settlement that will give Atlantic City Electric customers $62 million in rate credits.

The NJ BPU staff recommended OK of Exelon’s acquisition of Pepco in a deal that would give Atlantic City Electric customers $62 million in rate credits.

State officials filed a new complaint in their nearly two-year effort to force a reduction in the formula transmission rates for BGE and Pepco utilities.

Exelon’s proposed $6.8 billion acquisition of Pepco Holdings Inc. should clear federal regulatory hurdles easily but may face a tougher time convincing state regulators.

January’s sky high energy prices claimed its first casualty Friday as green energy retailer Clean Currents abruptly suspended service, returning its customers to their distribution utilities.