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US: Deal reached in Exelon-PHI Delmarva Power deal

By  |  April 7, 2015

Delmarva Power residential customers could see a big, one-time break on bills across Delaware by summer under a revised concession made public Tuesday during a regulator hearing on the Exelon-Pepco Holdings Inc. merger.

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    The $40 million bill-credit proposal replaced a larger payout plan that would have been spread over 10 years, part of an agreement by the merging companies to share some of the benefits and cost savings from combining their multistate operations.

    Delmarva Power is part of PHI. The $6.8 billion merger deal, still subject to Public Service Commission approval for Delaware’s portion.

     

    Full Content: The Baltimore Sun

     

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