Pepco Holdings Inc. and Exelon Corp. officials are promising Maryland residents will have fewer and shorter power outages, while the state nets up to 7,100 new jobs and $623 million in economic impact if regulators approve their proposed $6.8 billion merger.
The estimates include "direct, indirect and induced effects" of a proposed $40 million "customer investment fund," as well as more reliable power service from Potomac Electric Power Co. and Delmarva Power & Light Co. They were produced by Susan F. Tierney, a senior adviser at Boston-based Analysis Group Inc., in a regulatory request filed Tuesday with the Maryland Public Service Commission.
The $6.8 billion union between the two companies was first announced April 30, with Chicago-based Exelon (NYSE: EXC) making an all-cash offer for Pepco. Stockholders of Washington-based Pepco Holdings are scheduled to vote on the deal Sept. 23.
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8 comments:
Don't let them get away with it!!!
Mergers mean monopoly's and price fixing! Less competition means higher prices. Comcast is a good example of this!!!
I'm with Scott on this one!
They have bullied customers for years we need more options not less.I don't care about outages I care about the outrageous monthly bill.
They are liars
They are already price fixing.
Don't worry; we will have the option to pay them a fee not to merge, just like the one to NOT get a "smart" meter. That used to be called extortion.
7,000 new jobs yea right that's after they put 10,000 employees on the street
Hilarious!
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