WASHINGTON — The Maryland Public Service Commission has approved a rate hike for Pepco, which provides electricity to two suburban D.C. counties. The commission issued an order Tuesday granting a revenue increase of $52.5 million to Pepco. The increase, which will add about $6.96, or 4.76 percent, to the average residential monthly bill, took […]
Exelon Corp.’s proposed $6.8 billion takeover of Pepco Holdings Inc. was approved by Washington, D.C., regulators, clearing the way for the companies to form the nation’s biggest utility almost two years after the deal was first announced. The District of Columbia’s Public Service Commission voted in favor of the deal at a meeting in Washington […]
NEW YORK — Exelon, in an effort to get its $6.8 billion buyout of Pepco approved, offered a new proposal Monday that it hopes will win the last regulator’s support. The District of Columbia Public Service Commission is the last regulator needed to clinch the deal. The Federal Energy Regulatory Commission and commissions in four […]
WASHINGTON — The mayor of the nation’s capital withdrew her support Tuesday for a proposed $6.8 billion merger of power companies Pepco and Exelon. The Washington Post reported that District of Columbia Mayor Muriel Bowser she said she could not agree to new terms for the deal set by the D.C. Public Service Commission. She […]
WASHINGTON — District of Columbia regulators have again rejected a proposed $6.8 billion merger between power companies Exelon and Pepco, but they say they are willing to reconsider the deal. The D.C. Public Service Commission voted Friday to impose a series of conditions on the companies. If those are met, two of the three commissioners […]
Exelon Corp. can push ahead with its $6.8 billion takeover of Pepco Holdings Inc. after a judge rejected arguments by Maryland officials that the deal gives the power company too much control over the state’s energy markets. Queen Anne’s County Circuit Judge Thomas G. Ross on Wednesday rebuffed bids by consumer advocates and Attorney General […]
Exelon Corp., the largest U.S. nuclear operator, is planning to sell bonds to finance its acquisition of Pepco Holdings Inc., a move that would create the biggest electric and natural gas utility in the Mid-Atlantic region. Exelon will sell notes in as many as six parts, the company said in a regulatory filing Monday. Exelon […]
The potential appointments raised the eyebrows of some merger opponents because the panel had already heard arguments on the proposed merger and one nominee would mean a second former employee of BGE on the five-person commission.
People’s Counsel Paula Carmody says it isn’t clear that Pepco customers know their utility faces a $6.8 billion takeover.
The Maryland Public Service Commission tends not to fund utility projects in the future through rate increases in the present.
Energy consumers may be concerned by a rate increase requested last week by Baltimore Gas and Electric Co. But based on recent history, it’s unlikely that request will be granted in full.
The Maryland Public Service Commission has approved a rate increase for Potomac Electric Power Company, but it’s not nearly the increase that the electric company had hoped for.