DC’s Ratepayer Advocate Is the Latest Official to Oppose Exelon’s Plan to Buy Pepco

By [email protected] Regulators in Delaware, Maryland, New Jersey and Virginia have all approved Exelon’s proposal to acquire the Mid-Atlantic distribution utility Pepco.

But after multiple attempts, the District of Columbia still can’t get behind the $6.8 billion merger.

On Friday, D.C. People’s Counsel Sandra Mattavous-Frye rejected the latest deal, saying low-income customers wouldn’t be protected from rate hikes under Exelon’s plan. Mattavous-Frye’s job is to represent the District’s ratepayers.

“Most critical to me were the benefits for residential ratepayers, particularly low-income residents who struggle to pay their electric bills,” said Mattavous-Frye in a statement.

Last August, the District’s Public Service Commission denied Exelon’s plan to buy

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