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Published on December 19th, 2015 | by John Farrell

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Don’t Take The Bait: Exelon’s Feeding Frenzy Won’t Stop With Pepco

December 19th, 2015 by  


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.

dont take the bait with play button

Take action by:

Submitting comments to Washington D.C.’s PSC

Sharing on Facebook and Twitter

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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About the Author

directs the Democratic Energy program at ILSR and he focuses on energy policy developments that best expand the benefits of local ownership and dispersed generation of renewable energy. His seminal paper, Democratizing the Electricity System, describes how to blast the roadblocks to distributed renewable energy generation, and how such small-scale renewable energy projects are the key to the biggest strides in renewable energy development.   Farrell also authored the landmark report Energy Self-Reliant States, which serves as the definitive energy atlas for the United States, detailing the state-by-state renewable electricity generation potential. Farrell regularly provides discussion and analysis of distributed renewable energy policy on his blog, Energy Self-Reliant States (energyselfreliantstates.org), and articles are regularly syndicated on Grist and Renewable Energy World.   John Farrell can also be found on Twitter @johnffarrell, or at jfarrell@ilsr.org.



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