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Community, Business Leaders Voice Support for Pepco Holdings-Exelon Merger as Good for D.C.

Representatives from a broad group of organizations across the District – including business, nonprofit, environmental, labor and faith groups – have voiced support for the merger.

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WASHINGTON, D.C. and CHICAGO - Pepco Holdings and Exelon today reaffirmed they will continue to pursue the merger to deliver its significant benefits to residents, businesses and communities in the District. Representatives from a broad group of organizations across the District - including business, nonprofit, environmental, labor and faith groups - have voiced support for the merger.

"Supporters in D.C. continue to believe this merger is good for the District, and so do we," said Chris Crane, president and CEO of Exelon. "It would be a missed opportunity to deny Pepco customers the merger's benefits, such as bill relief for customers and funding for green energy projects."

Pepco Holdings and Exelon said they welcome further discussion with District leaders about how the merger can best address the needs of D.C. families and businesses. Other states with jurisdiction over the merger - Delaware, Maryland, New Jersey and Virginia - have approved it.

"The District needs a strong and financially healthy electric utility for continued economic growth," said Joseph M. Rigby, chairman, president and CEO of Pepco Holdings. "Without this merger, Pepco will be less able to invest in a 21st century electric grid, renewable energy or provide support for charitable giving for customers and communities in the District."

Supporters of the merger represent a diverse group of organizations:
 
Businesses and Associations:
• Abrams, Foster, Nole & Williams, P.A.
• ADA Inc.
• Allied Telecom
• BConstrux
• Bottomline Associates, Inc.
• Corenic Construction Group
• DC Chamber of Commerce
• District of Columbia Building Industry Association
• Dynamic Concepts Inc.
• Federal City Council
• First Street Film
• Fort Myer Construction Corporation
• Greater Washington Board of Trade
• Greater Washington Hispanic Chamber of Commerce
• Heritage Technology
• Ideal Electric
• Industrial Bank
• Lorenzo Construction
• Mahogany, Inc.
• McKissack & McKissack
• Planned Power Systems, Inc.
• Restaurant Association Metropolitan Washington
• Smith and Sons
• SRB Communications
• Tecknomic, LLC
• The Economic Club of Washington, DC
• The President's Roundtable
• The Temple Group
• Volt Energy
• Washington, DC Economic Partnership

Diverse Suppliers and Associations:
• American Association of Blacks in Energy
• Maryland-Washington Minority Contractors Association

Healthcare:
• Children's National Medical Center
• District of Columbia Hospital Association
• Mary's Center

Universities:
• United Negro College Fund, Inc., Washington DC

Environmental Interests:
• Alice Ferguson Foundation
• Living Classrooms National Capital Region

Faith Community:
• Rev. Dr. Michael Bell, Sr. (Allen Chapel AME Church)
• Rev. Charles Brown, Jr.
• Rev. Michael Johnson

Charitable/Not-for-Profit Organizations:
• 100 Black Men
• American Diabetes Association - National Capital Area
• American Heart Association
• Anacostia Community Outreach Center
• B'nai B'rith International
• Ben's Chili Bowl Foundation
• Boys & Girls Clubs of Greater Washington
• Building Bridges Across the River at THEARC
• Capital Area Foodbank
• Careerstone Group
• Catalogue for Philanthropy: Greater Washington
• Catholic Charities of the Archdiocese of Washington Inc.
• Center for Nonprofit Advancement
• CityBridge Foundation
• City Year Washington, DC
• Columbia Lighthouse for the Blind
• Covenant House Washington
• Don Bosco Cristo Rey
• Economic Growth DC Foundation
• Friends of the National Zoo
• Girl Scouts of the National Capital Area
• Goodwill of Greater Washington
• Greater Washington Urban League, Inc.
• Heroes, Inc.
• Imagination Stage
• Junior Achievement of Greater Washington
• Latin American Youth Center
• Leadership Greater Washington
• Leukemia and Lymphoma Society
• Life Pieces To Masterpieces
• National Congress of Black Women
• Posse D.C.
• Recreation Wish List Committee
• Samaritan Inns
• Special Olympics Maryland
• Studio Theatre
• The Leadership Sanctuary
• The Salvation Army National Capital Area Command
• Trust for the National Mall
• United Way of the National Capital Area
• Washington Area Women's Foundation
• Washington DC Police Foundation
• Washington Performing Arts
• Women's Wing Organization
• YearUp
• YWCA National Capital Area

 

 

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