A PYMNTS Company

US: DC Attorney General opposes Exelon-Pepco merger

By  |  June 1, 2015

The Exelon-Pepco merger is facing more problems in the District of Columbia, the final jurisdiction left to approve the merger, the Washington Times reports. Last week, the DC Attorney General Karl Racine announced he is opposed to the proposed acquisition that could create the nation’s biggest utility without further conditions.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The DC Council also approved a $13 billion budget that included $250,000 to study the potential impacts of breaking with Pepco and establishing a municipally-run utility for the nation’s capital. Six of the 13 councilmembers have come out against the merger, although Mayor Muriel Bowser has declined to weigh in.

    Full content: The Washington Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.