The D.C. Court of Appeals Thursday affirmed the D.C. Public Service Commission’s approval of Exelon’s $6.8 billion acquisition of Pepco, 16 months after the two utilities completed their merger.
Opponents of the deal that led to the merger went to court in May to argue the PSC made the wrong decision.
Specifically, the Office of the People’s Counsel claimed the three-member PSC failed to give District residents enough notice or an opportunity to be heard during the decision-making process.
“The Court’s decision means that it is imperative for OPC to focus its efforts toward ensuring District consumers receive the maximum benefits that we believe are due to them,” said DC People’s counsel Sandra Mattavous-Frye. “We will view the ruling as impetus to fight even harder against any and all actions that may harm ratepayers.”
Public Citizen and the clean-energy group DC SUN also argued the merger’s approval should be reversed.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP