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Tag Archives: pepco

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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N.J. has deal to OK Exelon-Pepco merger

(AP) The staff of New Jersey’s Public Utilities Board has proposed a settlement approving the Exelon-Pepco merger, which involves one of the state’s utility companies. Under the terms of Chicago-based Exelon’s proposed $6.8 billion merger with Washington-based Pepco Holdings, the ...

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Exelon formally files to acquire Pepco Holdings

(AP) Exelon Corp. has formally applied to acquire Pepco Holdings. Exelon filed the application Tuesday with the Maryland Public Service Commission. The deal will combine Exelon Corp.’s electric and gas utilities BGE, ComEd and PECO with Pepco’s Atlantic City Electric, ...

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