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Tag Archives: pepco

Pepco-Exelon merger opponents ask for investigation

WASHINGTON — Opponents of a merger between energy companies Exelon and Pepco are calling on District of Columbia Mayor Muriel Bowser to disclose potential conflicts of interest in her handling of the deal. District of Columbia regulators rejected the proposed ...

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Exelon wins D.C. consideration for revised Pepco takeover

Exelon Corp.’s second attempt to complete its $6.8 billion takeover of utility Pepco Holdings Inc. will be considered by the District of Columbia Public Service Commission. The commission voted unanimously to take another look at the proposed deal after Exelon ...

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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 ...

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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 ...

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Exelon denial signals battles over $40B in utility deals

The rejection of Exelon Corp.’s $6.8 billion takeover of Pepco Holdings Inc. proved a warning for an industry trying to gain approval for $40 billion worth of deals: Be ready for an uphill battle with local regulators. The District of ...

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Hogan takes no position on proposed utility merger

Gov. Larry Hogan. (The Daily Record / Bryan P. Sears)

Gov. Larry Hogan is taking a neutral stance on the proposed $6.8 billion merger between Exelon and Pepco Holdings, a position that has elicited disappointment from opponents of the deal.A coalition of environmental and social issues groups are among those who want Hogan to join with Attorney General Brian E. Frosh and others in opposing the merger, which critics note would make one company responsible for providing power to 85 percent of the state's residents.

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After $21.7M verdict, Pepco reaches settlement with paralyzed contractor

Pepco has reached a settlement with a former contractor originally awarded nearly $36 million from a Montgomery County jury after was electrocuted and paralyzed from the neck down in a workplace accident. The jury verdict in favor of Hugo Hernandez Palomino came in October following a six-day jury trial in Montgomery County Circuit Court. The jury award included approximately $19 million for future medical expenses and $15 million for noneconomic damages, which would have been capped at $770,000.

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