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Maryland to distribute $83 million in relief to utility customers
Some Maryland residents with overdue gas and electric payments will soon receive relief. The Maryland Public Service Commission announced Tuesday that it has allocated $83 million to electric and gas utilities so they can assist customers who have outstanding gas and electric arrearages The aid is part of a pandemic relief package — the Recovery […]
Maryland aims to speed up electrified transportation future
The world is in the midst of a massive shift to more energy-efficient and environmentally friendly transportation across the board. From public buses and trucks to cars and even e-bikes, the largest auto manufacturers around the world are scrambling to come out on top of the race to electrify transportation. Governments have also stepped in […]
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 $6.8 merger in August, saying it wouldn’t benefit ratepayers. Pepco and Exelon then entered settlement […]
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 announced a settlement with Washington’s mayor earlier this month. The latest deadline set for filings […]
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 […]
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 […]
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 Columbia’s move to block the merger on Tuesday throws in doubt Exelon’s goal of creating […]
Exelon’s $6.8B Pepco deal in doubt after D.C.’s rejection
Regulators in Washington, D.C., rejected Exelon Corp.’s takeover of Pepco Holdings Inc., throwing in doubt a $6.8 billion deal. Pepco dropped as much as 20 percent to its lowest price in more than a year. The three-member Public Service Commission of the District of Columbia voted unanimously at a meeting Tuesday against the merger. Regulators […]
Md. PSC approves Exelon-Pepco merger
The Maryland Public Service Commission has given its approval to a proposed merger between Exelon and Pepco Holdings Inc., but attached conditions to the deal. In a 3-2 decision, the commission approved the $6.83 billion merger but imposed nearly four dozen separate conditions, including higher reliability standards for areas served by Delmarva Power and Light […]
Hogan takes no position on proposed utility merger
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 respon[...]
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 fu[...]
Problem in Maryland caused power outages across DC
Problems at an electrical station in Maryland, 35 miles southeast of Washington, caused widespread power outages on Tuesday.
