D.C. Commission Rejects Merger to Form Utility with $26 Billion Rate Base
Public Service Commission says $8.6 billion Pepco-Exelon merger is a no-go
The D.C. Public Service Commission (PSC) announced yesterday that it would not approve a proposed merger between Pepco Holding Inc. (ticker: POM) utilities and Exelon Corp. (ticker: EXC). According …