PRESS RELEASE: WASHINGTON D.C. PSC REJECTS EXELON’S PROPOSED MERGER WITH PEPCO

Rejection a huge defeat for Exelon, and loss of a regulated market to abuse

CHICAGO—Exelon Corporation was handed a stunning defeat today when the Washington, D.C. Public Services Commission (PSC) rejected Exelon’s merger bid with East Coast utility PEPCO.

The rejection denies Exelon a sorely needed new market in a regulated environment to help prop up its failing and anachronistic business model.  Exelon’s nuclear fleet – the nation’s largest — has Continue reading PRESS RELEASE: WASHINGTON D.C. PSC REJECTS EXELON’S PROPOSED MERGER WITH PEPCO