Your Help Needed: Exelon-Pepco Make Bad Deal With DC
By Mike Ewall of Energy Justice Network. Washington, DC - The effort by nuclear utility giant, Exelon, to swallow up our local electric utility (Pepco) was just DENIED again today by DC's Public Service Commission (PSC)!
This merger would have formed the nation's largest electric utility, raised rates for DC residents, and would have harmed renewable energy efforts while helping subsidize ailing nuclear power plants elsewhere in the country.
This is a great victory, as Mayor Bowser sought to overturn the PSC's previous rejection of the merger with some serious arm-twisting and a settlement that failed to address the underlying problems with the merger.