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DC mayor announces settlement in Exelon, Pepco merger

WASHINGTON — Power companies Exelon and Pepco have negotiated a settlement with District of Columbia officials on a proposed merger. D.C. Mayor Muriel Bowser announced the settlement Tuesday. Bowser says that in addition to other terms, Exelon will invest $78 million in the city, up from a proposed $14 million. The city had previously rejected the ...

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