Don’t Take The Bait: Exelon’s Feeding Frenzy Won’t Stop With Pepco
Exelon, a monopoly electric utility and the nation’s largest nuclear power generator, made a $6.8 billion offer to purchase Pepco, Washington D.C.’s electric utility, in April of 2014. Since then, they have swarmed across Pepco’s service area, getting the approval of federal regulators, state utility commissions, and shareholders. Washington D.C.’s Public Service Commission has, however, halted Exelon in its tracks by deeming the merger “not in the public interest.”
Not to be thwarted, Exelon donated a $25 million “land use contribution” to D.C. Mayor Muriel Bowser just a few days before she became an Exelon-Pepco merger champion. Share our video below and learn how to help stop the Exelon-Pepco merger.
Take action by:
Submitting comments to Washington D.C.’s PSC
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Read more at Crain’s Chicago Business, Midwest Energy News & on our website.
This article originally posted at ilsr.org. For timely updates, follow John Farrell on Twitter or get the Democratic Energy weekly update.
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