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Mergers, Acquisitions and Takeovers
Concerns and opposition in proposed Exelon-Pepco merger
Concerns and opposition in proposed Exelon-Pepco merger

The staff of the Maryland Public Service Commission and the state agency responsible for advocating for residential utility customers are raising concerns about a proposed merger between utility giant Exelon Corp. and Pepco Holdings. While the PSC staff recommended imposing more conditions on the deal, the Maryland Office of People's Counsel called for the merger to be rejected, saying it would result in few benefits and actually harm customers. "Such an acquisition would allow Exelon to exercise undue influence and control over regulated electric service and retail electric company policies in most of the State of Maryland," said People's Counsel Paula Carmody in a...

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