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Mayor Bowser to Announce Negotiated Settlement for Pepco Exelon Merger

Tuesday, October 6, 2015

(Washington, DC) – Today at 4:30 pm, Mayor Muriel Bowser, the People’s Counsel, the Attorney General and other stakeholders will be joined by Exelon Corporation and Pepco Holdings, Inc. to announce a settlement in the Exelon-Pepco merger negotiations. The agreement delivers on Mayor Bowser’s commitment to improve affordability, reliability and sustainability for ratepayers in the District.

The new agreement increases Exelon’s originally proposed investment in the District from $14 million to $78 million. The settlement will be put forth to the Public Service Commission for public review and comment

WHEN:
Today at 4:30 pm

WHERE:
John A. Wilson Building,
Mayor’s Press Briefing Room (G-9)
1350 Pennsylvania Avenue, NW
*Closest Metros: Federal Triangle and Metro Center Metro Stations*

Press interested in attending the event are asked to RSVP to [email protected].