D.C. regulators green light Pepco-Exelon merger, creating largest utility in the nation
Source: Washington Post
District regulators approved a $6.8 billion merger between Pepco Holdings and Exelon on Wednesday, creating the largest publicly-held utility in the country.
The decision marked a surprising turn of events for the deal,which regulators had rejected twice before and which appeared to be on life-support in recent weeks as D.C. Mayor Muriel E. Bowser and other city leaders lined up in opposition.
The merger means that Pepco will now absorbed by a company with the largest number of nuclear reactors in the country and widespread operations throughout the mid-Atlantic, Midwest, and New England.
The proposal had been closely watched by environmentalists, utility and public-service attorneys, and financial analysts across the country. Because of its size, the deal is likely to change the national utility landscape.
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Read more: https://www.washingtonpost.com/local/dc-politics/in-a-surprise-move-dc-regulators-give-green-light-to-pepco-exelon-merger/2016/03/23/4ace2bc0-f10e-11e5-89c3-a647fcce95e0_story.html