The Maryland Public Service Commission has extended its deadline to rule on the proposed merger between utility giant Exelon Corp. and Pepco Holdings Inc. for a fifth time.
The deadline for the state's utility regulator to rule is now May 15. The deadline on the complicated $6.8 billion merger has been pushed back several times as multiple parties, including the staff of the Public Service Commission, have objected to the proposal.
Other regulatory bodies, including in New Jersey and Delaware, already have approved the merger. In addition to Maryland, it still requires approval by regulators in Washington, D.C.
The merger would make Exelon, the parent company of Baltimore Gas and Electric, one of the nation's largest utility companies. Some groups have objected to the merger, arguing the monopoly power of Exelon will harm customers and won't result in any benefits. Exelon has promised to increase reliability for Pepco customers.