Exelon’s Merger with Pepco Holdings is Affirmed by D.C. Court of Appeals
July 20 2017 - 4:01PM
Business Wire
The District of Columbia Court of Appeals today affirmed the
Public Service Commission of the District of Columbia’s approval of
Exelon’s merger with Pepco Holdings, which combined Exelon’s three
electric and gas utilities – BGE, ComEd and PECO – with PHI’s three
electric and gas utilities, Atlantic City Electric, Delmarva Power
and Pepco.
As a result of the merger, customers are seeing improved
efficiency, reliability and a broad array of other benefits. Today,
the Court upheld the Public Service Commission’s order,
resolving all legal challenges in the District of Columbia and
enabling us to remain focused on providing safe, reliable and
affordable energy to all of our customers.
About Exelon
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one
of the largest competitive U.S. power generators, with more than
32,700 megawatts of nuclear, gas, wind, solar and hydroelectric
generating capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. The company’s Constellation
business unit provides energy products and services to
approximately 2.2 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
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version on businesswire.com: http://www.businesswire.com/news/home/20170720006260/en/
Exelon Corporate CommunicationsPaul Adams,
410-470-4167paul.adams@constellation.com
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