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Thursday, May 01, 2014

Nuclear Giant Exelon To Buy Washington’s Pepco In $6.8 Billion Energy Deal

Nuclear-energy giant Exelon launched a $6.8 billion takeover of Washington’s century-old local electric company on Wednesday, promising long-suffering Pepco customers better service and a quicker response when the lights do go out.

Consumer advocates and government officials across Pepco’s service area, which includes the District and much of suburban Maryland, largely welcomed the proposed merger, which would inject fresh resources and personnel into a company whose record for reliability has long ranked among the worst in the nation.

But they also worried that the takeover — if approved by a far-flung army of state and federal regulators — could leave local residents reliant on the distant Chicago owners of one of the nation’s largest utilities. 



Anonymous said...

NOW watch what happens to our energy bills...UP-UP-UP with no ceiling and no control.

Anonymous said...

I have been an exelon customer for years and have never had a problem with their billing. I cannot say the say for DPL. Even before the smart meter issue, they have billed me more for a vacant home in the winter with only a refrigerator running than when the home was occupied in the summer with AC running. DPL is the worst. Ask around and see how many people have been hit with "adjustments".

Anonymous said...

I think dpl is also being bought by Exelon