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US: Settlement on Exelon merger with PEPCO reached in Delaware

 |  February 16, 2015

The Exelon Corporation and and Pepco Holdings, Inc. have reached a settlement that could have implications for Delmarva Power customers.

The two companies and state regulators settled on Delaware’s portion of the proposed multistate, $6.8 billion utility merger first announced last April. Delmarva Power customers would see more than $49 million in direct benefits over 10 years under the agreement.

The settlement is a substantial increase of the $17 million in customer benefits originally announced by Exelon and Delmarva Power.

The Public Service Commission hearing is expected to vote on the agreement at a hearing scheduled for April 21.

Full Content: Delaware Online


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