“They put a couple of pennies in front of us, but meanwhile they’re reaching deep into our pockets,” says Ward 3 Councilmember Mary Cheh.
Ratepayers in D.C. will get a credit as part of the merger agreement with Exelon.
Pepco’s stock has surged on the news.
Pepco and Exelon fight to keep their merger alive.
“I think it’s dead, but I’m holding my breath,” Ward 3 Councilmember Mary Cheh said. “I don’t want to underestimate money, power, and influence.”
It comes on the heels of a WAMU report that shows Exelon hired the former head of FreshPAC to lobby that administration.
The proposed merger now goes back to the D.C. Public Service Commission to decide.
In a 2-1 vote.
Opponents of the merger want Bowser to speak out about it.
It seems like no one is a fan of this merger.