Pepco-Exelon Merger Decision
I am very pleased with the Public Service Commission’s decision today. The Pepco-Exelon merger was clearly not in the public interest, and the Commission’s decision recognizes this fact. Had this merger gone into effect, it would have almost certainly resulted in higher rates in the future, less public accountability, and slower progress towards clean and renewable energy. That is why more than half of the District’s elected advisory neighborhood commissions took action to reject the merger, and thousands of District residents testified before the Commission or wrote in opposing the merger. Today, the Commission listened to those voices in rejecting the merger.
For more information, see this letter I sent to the Public Service Commission in March, along with several of my Council colleagues.