Pepco Merger Millions In Benefits Promised DMW Customers Where Is The Money?

Hosted By:Ronald Bethea

District regulators approved a $6.8 billion merger between Pepco Holdings and Exelon on Wednesday, creating the largest publicly held utility in the country.

In voting 2 to 1 to approve the deal, the D.C. Public Service Commission said it “was in the public interest,” noting that the utilities would deposit $72.8 million in a “customer investment fund,” set aside $11.25 million for energy efficiency and conservation programs targeted toward low-income residents and carve out $21.55 million for pilot projects, such as modernizing the electric-distribution grid.

Maryland Customer benefits as part of the merger include:

An immediate bill credit of $50 for all residential
customers in Maryland, followed by a second $50
credit 12 months later

An $31.5 million for energy efficiency programs,
including 20 percent for low-income customers