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US: More Than 1,500 ask regulators to reject Pepco-Exelon merger

By  |  February 18, 2015

Groups opposed to the merger between electric companies Pepco and Exelon said they mailed out more than 1,500 comments this week from Maryland residents also opposed to the move. In September 2014, stockholders of Pepco Holdings voted to approve the $6.8 billion sale to Exelon.

Wednesday is the last day for public comment on the merger in front of the Maryland Public Service Commission, the regulators who will decide by April 8 whether to allow the move and if so, under what conditions.

“Hundreds of citizens from all across Maryland are speaking out against this merger because it would serve the interests of a Chicago-based corporation, not us,” said Mike Tidwell, director of the Chesapeake Climate Action Network.

Full Content: Bethesda Now

 

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