Office of the People's Counsel appeals MD PSC approval of Exelon-Pepco Merger

Thursday, June 11, 2015
Office of the People's Counsel appeals MD PSC approval of Exelon-Pepco Merger

The Office of People's Counsel announced Thursday it was appealing a decision by Maryland regulators to approve a $6.9 billion merger between Baltimore Gas and Electric Co. parent Exelon Corp. and Pepco Holdings. The merger, which also needs the approval of regulators in Washington, drew opposition from critics who worried it would lead to rate hikes and other problems. It was opposed by the Office of People's Counsel, Maryland's consumer advocate, as well as the Maryland Energy Administration and state Attorney General Brian Frosh, among others.

The Maryland Public Service Commission approved the deal in a 3-2 vote May 15.

See the whole story at www.baltimoresun.com