Posted by Elissa Silverman on December 09, 2015 at 5:50 PM
On Monday, I joined Councilmembers Cheh, Allen, and Grosso in sending a second letter to the Public Service Commission urging rejection of the revised Pepco-Exelon merger proposal.
Under the merger agreement, we are getting reliability standards that are worse than Pepco’s current performance, along with employment promises that are misleading. The merger is also setting ratepayers up for a spike in electricity costs come 2019. I believe there are few, if any, long-term benefits to this merger.