Regulators in the District of Columbia rejected the proposed merger of power companies Exelon and Pepco on Tuesday, saying the deal would not benefit ratepayers.
Maryland regulators have granted conditional approval for a proposed $6.8 billion merger between Exelon Corp. and Pepco Holdings Inc.
Widespread power outages sweep across Washington, D.C. and Maryland, forcing thousands in the dark, including the White House along with other high security buildings.
The Maryland Public Service Commission has approved an electricity rate hike for Pepco, but less than the utility requested.
A major electric and gas utility announcement from Exelon Corporation—the parent company of BGE. Wednesday night, Exelon said it will buy Pepco and its subsidiaries, which provide electricity to hundreds of thousands on the Eastern Shore and in the Maryland suburbs around Washington DC.
This is a topic that one must approach delicately so as not to offend the reader’s sensibilities, but since it is a matter of importance for which you may receive a bill for some portion of $470 million, we start out with an analogy.
The Public Service Commission has set fees for Maryland’s utility customers who do not want smart meters installed in their homes or businesses.
More than 15,000 customers are without power in Maryland as winter weather moves through the region. But the number is down from earlier in the day.
The utility Pepco is seeking a $43.3 million rate hike in Maryland, the utility’s third requested increase in two years.
Pepco is donating smoke alarms to fire officials in Prince George’s County.
Montgomery County Executive Isiah Leggett says he’ll appeal the Maryland Public Service Commission’s decision to grant Pepco a $27.9 million rate increase and a new surcharge to improve grid reliability.
District of Columbia Mayor Vincent Gray wants to move up to 60 major power lines underground at a cost of $1 billion to prevent extended outages in the future.