Photo by Samer Farha.
When you get your Pepco bill next month, the amount will be $54.59 less than usual if you live in D.C.
This is thanks to the $6.8 billion merger between the local utilities company and Chicago-based Exelon, which was approved by the Public Services Commission in late March, creating the largest publicly held utility company in the U.S.
Pepco will apply the credit directly to each bill, and promises that more perks will be forthcoming. “All of our customers will see millions of dollars in direct benefits as a result of the completion of the merger,” said Donna Cooper, Pepco region president, in a release.
Maryland ratepayers received their first $50 credit from the utilities company last week.
Ward 3 Councilmember Mary Cheh, a staunch opponent of the merger, said that these and other credits are not enough to counter the bad aspects of the deal. “It’s a fundamentally flawed deal and we will come to regret it,” she told DCist after the merger’s approval. “Anything we thought we got is a pittance in comparison to what they’ll reap.”
Rachel Kurzius