DC Court of Appeals confirms again the Exelon-Pepco merger (US)

The District of Columbia (DC) Court of Appeals approved the US$6.8bn merger proposal between the US utilities Pepco Holdings (PHI) and Exelon Corp and rejected the complaint lodged against it by the deal opponents, namely Public Citizen. Although the transaction was completed in March 2016 following the approval by the DC Public Service Commission (PSC), legal challenges still thrive a year later. The lawsuit filed in the Court of Appeals argued that the PSC should not have approved the merger the way they did.



The merger brings together Exelon's three electric and gas utilities, namely BGE, ComEd and PECO, and PHI's three electric and gas utilities, namely Atlantic City Electric, Delmarva Power and Pepco, to create the leading mid-Atlantic electric and gas utility company.



Active in 48 US States, Exelon is one of the largest competitive U.S. power generators, with more than 35,000 MW of owned capacity. The company’s Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon’s utilities deliver electricity and natural gas to more than 7.8 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO).



Pepco is one of the largest energy delivery companies in the Mid-Atlantic region, serving about 2 million customers in Delaware, the District of Columbia, Maryland and New Jersey. PHI subsidiaries Pepco, Delmarva Power and Atlantic City Electric provide regulated electricity service; Delmarva Power also provides natural gas service.