Pepco Holdings Inc. (PHI)
Exelon CEO Christopher Crane provided insight into the struggles of the firm’s nuclear power plants during two days of testimony before the D.C. PSC on the acquisition of Pepco.
A summary of measures approved by the PJM Markets and Reliability and Members Committees on March 31, 2015.
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.
Maryland's Attorney General called on state regulators to reject Exelon’s acquisition of Pepco Holdings Inc., while the companies more than doubled their offer of ratepayer incentives.
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.
Pepco reported fourth-quarter earnings of $35 million ($0.14/share), a drop from the $58 million ($0.23/share) it earned for the same period last year.
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.
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