- American City Business Journals•29 days ago
Pepco Holdings Inc. is asking for an $85.5 million rate increase in the District — and it looks like it has another fight on its hands. The request comes just a few months after its $6.8 billion merger with Chicago-based Exelon Corp. (EXC) was approved and a few short weeks after the Public Service Commission upheld its approval of the deal. The PSC has the ultimate authority on whether or not to approve the rate increase.
- American City Business Journals•3 months ago
The District's Office of the People's Counsel is asking the Public Service Commission not to spend $21.55 million from its merger agreement with Pepco Holdings Inc. and Chicago-based Exelon Corp. (EXC) in case the merger decision is sent back by the courts. The People’s Counsel has also asked the commission to reconsider its March 23 decision to approve the $6.8 billion merger between the two utility companies, which green-lit $78 million in various incentives, in the event the decision is sent back to the PSC to decide again. The People’s Counsel said in a recent filing the PSC should refrain from spending any of the $21.55 million earmarked for pilot projects, saying it was “reasonable” to conclude that a court will order the PSC to reconsider the merger.
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