The Institute for Energy Economics and Financial Analysis has released a new report, Exelon's Proposed Acquisition of Pepco: Corporate Strategy at Ratepayer Expense.
Here’s an overview, and here's a snapshot:
- The deal, if it goes through, would expose customers to rate increases aimed at supporting Exelon’s struggling business model;
- it would undermine the District of Columbia’s renewable-energy initiatives;
- and it would expose ratepayers to long-term risks that are significantly larger than the short-term protections and public benefits claimed by Exelon.
Exelon's "struggling business model"? Dirty, dangerous, expensive, age-degrading, and ever less competitive nuclear power plants, most of which are nearly a thousand miles away from Pepco's service area in D.C. and Maryland!