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US: DC Attorney General opposes Exelon-Pepco merger

By  |  June 1, 2015
US: DC Attorney General opposes Exelon-Pepco merger

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.

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    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

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