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Tuesday
Aug252015

VICTORY: DC PSC rejects Exelon Nuclear's takeover of Pepco!

Logo courtesy of Public Citizen's Energy and Climate ProgramThe Washington, D.C. Public Service Commission has voted unanimously to reject Exelon Nuclear's attempted takeover of the Mid-Atlantic electric utility Pepco. This blocks the acquisition, despite other jurisdictions -- including in Maryland, Delaware, Virginia and New Jersey -- having already approved the proposal.

As reported by AP: "[D.C. Public Service] Commission chairman Betty Ann Kane says the companies did not meet their burden of showing that the proposed merger would benefit the public."

Beyond Nuclear has been proud, honored, and privileged to be a part of the PowerDC coalition -- led by such groups as Public Citzen's Energy and Climate Program (see logo, left) -- sending out action alerts to our DC supporters, attending rallies, press conferences, and public meetings, bearing witness at Exelon Nuclear CEO Chris Crane's testimony before the D.C. PSC, etc. PowerDC deserves congratulations and thanks. It has consistently warned about the dangers of Exelon taking over Pepco, from the gouging of D.C. ratepayers in order to prop up dirty, dangerous, and uncompetitive old atomic reactors in IL, to the sabotaging of D.C.'s strides in renewable energy and energy efficiency. More.