Washington D.C. Commission Approves Exelon’s Merger with Pepco

$7 Billion deal creates the nation’s top power distributor

WASHINGTON—Washington D.C. regulators on Wednesday, March 23, 2016, approved power company Exelon Corporation‘s merger with Pepco Holdings Inc., a decision that clears the last regulatory hurdle facing the $6.8 billion deal to create the country’s top power distributor.

pepco-exelonThe D.C. Public Service Commission, which regulates power, gas and telecommunication companies in the District of Columbia, voted to approve the merger, a commission spokeswoman said. The vote was 2 to 1.

Pepco’s shares rose 28 percent, or $5.92, to $27.16 while Exelon’s shares were largely unchanged.

Read more

Sources: CNBC and Reuters    Image courtesy: WMAL

Author: bdpatoday

BDPA, formerly known as Black Data Processing Associates, was founded in Philadelphia, Pennsylvania over 40 years ago in 1975 to promote professional growth and technical development in underserved communities for those in or entering information and communications technology (ICT) oriented fields of interest and related industries. bdpatoday (ISSN 1946-1429) is a monthly serial periodical published in Washington, D.C. by participating local BDPA Chapters of National BDPA (NBDPA) within their respective media markets by local chapter Communications Committees. bdpatoday is emailed to BDPA members, BDPA corporate sponsors, or electronically delivered to BDPA Chapters and Chapter Interest Groups (CIGs) via social media as a benefit of membership. Popular Technology TV (PTTV) features the latest TECH-Inclusion innovations and multimedia STEM programming content produced for video streams and television programs by Industry with bdpatoday and National BDPA's Washington, D.C. Chapter for general audiences.

Leave a Reply

%d bloggers like this: