Resolution Opposing Proposed Pepco-Exelon Acquisition

On February 12, 2015, ANC3B voted 5-0 to support a resolution advising the DC Public Service Commission to reject the proposed acquisition of Pepco Holdings, Inc., by Exelon Corporation of Chicago, on the grounds that the transaction was not in the public interest. The ANC found that the acquisition may have major adverse effects on not only the cost of electricity but also service reliability, security, and environmental sustainability, and the quality of life for the residents of Glover Park and Cathedral Heights, and for the District as a whole.

For the full text of the resolution see: ANC3B_resolution_opposing_pepco_aquisition