D.C. PSC rejects Exelon-Pepco merger!

D.C. PSC rejects Exelon-Pepco merger!

D.C. ratepayers, consumer advocates, and renewable energy supporters scored a major victory today as the D.C. Public Service Commission rejected the attempt by Exelon to takeover Pepco.

As the Commission recognized in its decision, the proposed acquisition would have been a substantial step backwards in the District’s efforts to move toward more sustainable electricity generation and greater reliance on local, renewable energy. It would have exposed D.C. residents and businesses to the risk of steeply rising electricity bills.

The Commissioners noted: “This proceeding has generated more interest and more active participation by parties and interested persons than any other proceeding in the Commission’s more than a century of operations.”

Thousands of D.C. residents, dozens of Advisory Neighborhood Commissions, and six D.C. Councilmembers strongly opposed Exelon’s acquisition of Pepco because it was not in the public interest of the District. Today’s positive decision further affirms that locally-owned renewable energy is a right for all.

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