Court ruling closes chapter on bad takeover deal

Court ruling closes chapter on bad takeover deal

Thursday, the D.C. Court of Appeals affirmed the Public Service Commission’s bad decision to allow Exelon to take over Pepco. The ruling comes after years of valiant fighting by a broad coalition of solar supporters and ratepayer advocates in the District.

The court’s ruling ignored the Public Service Commission’s rushed and unfair public process that led to approval of Exelon’s takeover bid. The Commission can still not explain why it believes the merger is in the public interest.

Yesterday’s decision sets a terrible precedent that privileges the interests of big businesses over the needs to D.C.’s community. Fortunately, this multi-year process has created a stronger, and more active solar community. We are more able than ever to stand up for D.C. residents.

Read the full ruling here.