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Saturday, June 11, 2016

Pepco, Exelon give millions to pair of Md. counties after merger

SILVER SPRING, Md. — Millions of dollars are flowing into two Maryland counties as a result of the Pepco-Exelon merger.

“Pepco and Exelon recently contributed $25 million to Prince George’s and Montgomery counties as part of our merger commitments,” Pepco President and CEO Dave Velazquez announced Thursday at a news conference in Silver Spring, Maryland.

The money will go toward promoting investment in areas like solar energy, clean transportation and retrofitting buildings to make them more energy efficient.

Prince George’s County Executive Rushern Baker described other ways the money will be used: “A program to help our workforce development … and that is the next generation of jobs that are going to be created. So we’re very pleased with that.”

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5 comments:

Anonymous said...


Money down the drain!

Anonymous said...

the old crony capitalist swindle! pay no attention, ratepayers!

Steve said...

"Lining the pockets of those who let us make bank, oh, and putting up a few solar panels, too."

Anonymous said...

And now they want an increase from the customers. CROOKS!!!!!

Anonymous said...

What about the needs of the residents of the Eastern Shore?