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Exelon to proceed with $6.8B Pepco deal after rejection

Exelon Corp. and Pepco Holdings Inc. said they’ll proceed with their $6.8 billion merger to create the largest U.S. utility by customer count after the District of Columbia Public Service Commission rejected it on Aug. 25. “The decision fails to recognize the substantial immediate and long-term benefits of our merger proposal to citizens, businesses and communities ...

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