On Wednesday, Mar. 23, the District of Columbia Public Service Commission voted two to one to approve a $6.8 billion merger between Pepco Holdings and Exelon, creating the largest investor-owned utility in the nation. Combined, the two utilities will now serve 10 million customers.
Chicago-based Exelon has the largest number of nuclear reactors in the nation, with operations throughout the Mid-Atlantic, New England and Midwest. Pepco is (was) an electric utility, serving customers in the Washington, D.C. and surrounding areas.
Thursday, March 24, 2016
Exelon, Pepco Merge to Form Nation’s Largest Investor-Owned Utility
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