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.

The settlement reached between D.C. Mayor Muriel Bowser and Exelon contains provisions designed to persuade the PSC to approve the company’s acquisition of Pepco.

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.

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.

A proposal by the Consumer Advocates of the PJM States that the RTO fund the group’s $450,000 budget through an assessment on electric customers won support from state regulators and other load interests but drew sharp opposition from suppliers.

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.

The authors of four competing proposals to change the $1,000/MWh energy market offer cap have agreed to put forward one plan for consideration by the PJM MRC.

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.

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.

PJM generators — such as Exelon, Dynegy, NRG and PSEG — will earn $10.9 billion from this year’s capacity auction in the first test of the RTO’s new Capacity Performance requirements.