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Exelon-Pepco Holdings Merger Approved by Maryland Public Service Commission

Exelon Corporation and Pepco Holdings Inc. issued the following statement in response to the decision

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CHICAGO and WASHINGTON, D.C. (May 15, 2015) - Exelon Corporation (NYSE: EXC) and Pepco Holdings Inc. (NYSE: POM) today issued the following statement in response to the Maryland Public Service Commission's decision on their merger.

"We are pleased that the Maryland Public Service Commission has approved our merger. However, the Commission's order modifies a number of the proposed conditions and we must carefully review it in its entirety. Our proposal delivers significant economic benefits to Maryland customers, increases reliability, promotes energy efficiency and advances clean energy as part of a long-term commitment to improve service and modernize our grid. We will have more to say once we have time to study the order."

 

 

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