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July 3, 2024

Pepco Holdings Inc. (PHI)

State Briefs
News briefs from the states within the footprint of RTOs. This week we include Delaware, Illinois, Indiana, Maryland, Michigan, Missouri, Nebraska, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Pennsylvania, South Dakota and Wisconsin.
Environmentalists, Think Tank Urge Rejection of Exelon-Pepco Merger
Environmentalists continued their campaign against the proposed takeover of Pepco by Exelon, with activists urging the D.C. Council to oppose the deal.
NJ BPU Staff Reaches Settlement on Exelon-Pepco Merger
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.
Exelon-Pepco Merger Faces Headwinds in Maryland
Md. PSC staff said Exelon should increase its proposed credit to customers as a condition of approval of the company's merger with Pepco, while the OPC said the commission should reject the deal.
Artificial Island Finalists Face Off in Tense Meeting
Four companies vying for a contract to address stability problems at Artificial Island squared off in a tense TEAC meeting before an unexpected crowd.
States File New ROE Complaint vs. BGE, Pepco
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.
DOJ Probing Interconnection Process in Exelon-Pepco Merger
The DOJ is investigating the interconnection process in PJM’s MAAC sub-region as part of its anti-trust review of Exelon’s $6.8 billion takeover of Pepco.
FERC Approves Exelon-Pepco Merger
FERC yesterday approved the $6.8 billion merger of Exelon and Pepco Holdings Inc., dismissing concerns from PJM stakeholders.
Company Briefs
News briefs on companies in the PJM Interconnection this week, including DTE, Pepco, Delmarva Power, Xcel Energy, Invenergy and We Energies.
Third-Quarter Earnings Tempered by Mild Summer
The summer wasn’t hot enough, at least for most of the PJM utilities reporting third-quarter earnings so far. Companies lamented the lack of 90-degree days.

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