Sept. 17, 2015 PowerDC rally against Exelon takeover of Pepco, before marching to D.C. Mayor Muriel Bowser's office to deliver the hand-signed banner.As reported by the Washington Post, Chicago-based Exelon Nuclear and Mid-Atlantic utility Pepco have filed "last-ditch" proposals to save their $6.8 billion merger from imminent defeat. But the proposals lack support from any other party to the D.C. Public Service Commission (PSC) proceeding, including D.C.'s mayor, attorney general, and Office of Public Counsel. The proposals have been previously rejected by the D.C. PSC, multiple times. And they would up-end a proceeding that has been under way for two years already, providing the public with an absurdly short one-week time period in which to comment.
Although Exelon President and CEO, Chris Crane, had said recently to investors that he would walk away from the takevoer if it weren't settled by March 4, he has now urged the DC PSC to agree to the new bad deal by April 7.
PowerDC, a coalition of environmental, public interest, and ratepayer groups, urges D.C. residents and ratepayers to take action, to block Exelon's bad deal, once and for all.
Article originally appeared on Beyond Nuclear (https://archive.beyondnuclear.org/).
See website for complete article licensing information.