Pepco Holdings Inc. (PHI)
FERC approved an incentive filing by PJM that will allow PSE&G to recoup all of its costs if the Artificial Island reliability project is canceled due to reasons beyond the company’s control.
Exelon's primary goal for 2016 is completing the acquisition of Pepco, but the company has contingency plans (an Exelon-PHI merger).
A Maryland judge upheld state regulators' approval of Exelon’s acquisition of Pepco, denying an appeal led by the Office of People’s Counsel.
GSA is urging D.C. regulators to reject the Exelon-Pepco merger unless the companies can revise their settlement with the district government.
Having achieved a settlement with the mayor, Exelon and Pepco tried to persuade the D.C. Public Service Commission that their merger is now in the public interest.
Critics of Exelon’s proposed acquisition of Pepco Wednesday questioned the timing of a $25 million naming rights deal that D.C. Mayor Muriel Bowser finalized days before dropping her opposition to the merger.
Exelon's proposed acquisition of Pepco Holdings has been re-energized by D.C. regulators, who agreed to reopen the case and denied intervenor status to a group that wants to buy Pepco's district assets.
The D.C. PSC voted to reopen the Exelon-Pepco merger to consider a proposed settlement with Mayor Muriel Bowser’s administration, with closing briefs due Dec. 18.
With the D.C. PSC poised to decide Wednesday on a timeline to consider the revised terms in Exelon’s bid for Pepco, opponents spoke out Monday about why they still think the merger is a bad deal for the district.
The Members Committee overwhelmingly agreed last week to fund a $450,000 budget for the Consumer Advocates of the PJM States (CAPS), in part through an assessment on electric customers.
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