"A huge loss" for the public interest, ratepayers, and environment: Exelon Nuclear takeover of Pepco poised for approval

Sept. 17, 2015 PowerDC rally against Exelon takeover of Pepco, before marching to D.C. Mayor Muriel Bowser's office to deliver the hand-signed bannerAs reported by Crain's Chicago Business, the Washington Post, and Bloomberg, Exelon Nuclear is now poised to take over Mid-Atlantic utility Pepco. Exelon won the war, despite a determined public interest, ratepayer, and environmental group coalition winning all the battles against the controversial merger over the course of the past two years.

As quoted in the Blooomberg article:

"This is a huge loss for consumers, a discouraging setback for the institutions to protect them and a sad commentary on how things are done in the District," said Allison Fisher, public outreach director for Public Citizen.

(See Allison Fisher's full statement here.)

PowerDC issued a summary and action alert. More.

Update on March 1, 2016 by admin

Hold the presses! As reported by PowerDC, as well as NIRS and CCAN, the Mayor of Washington, D.C., Muriel Bowser, as well as D.C.'s Attorney General, Karl Racine, and the Office of People's Counsel, Sandra Mattavous-Frye, Esq., have all rejected the PSC's conditions for the Exelon takeover of Pepco to proceed. As reported by the Washington Post, this could well doom the corrupt deal. (Note that an earlier version of the Washington Post article stated, appropriately, that "The debate over the merger centered on the role of renewable energy sources like wind and solar against legacy technologies, such as nuclear power and natural gas. Many environmental groups opposed the deal because they believed it would hinder the migration toward renewable energies." (emphasis added) But, Orwellian "down the memory hold" style, the current version of the article has edited out this entirely appropriate language!) But eternal vigilance and redoubling of efforts is more called for than ever: PowerDC will hold a press conference at the JW Marriott near the mayor's office at the Wilson Building in downtown D.C. on Wed., March 2nd at noon, calling for an end to this bad deal, once and for all. You can take action too, by writing D.C. decision makers.