DC Shocked Everyone By Denying Big Merger Over Clean Energy
By Ryan Koronowski in Think Progress - In a move that shocked both industry observers and grassroots clean energy advocates, the Public Service Commission of Washington, D.C. unanimously rejected a proposed merger between Exelon and Pepco. Together, they would have created the nation’s largest utility.
The commission wrote in its official summary, released Tuesday, that Exelon and Pepco “have not met their burden of persuading this Commission that the Proposed Merger is in the public interest.”
Why? The summary listed several points but a central conflict was over how renewable energy would fare.
“We are also concerned about the inherent conflict of interest that might inhibit our local distribution company from moving forward to embrace a cleaner and greener environment,” the Commission wrote in its summary.