The five commissioners present at ANC 3F’s February 17th meeting unanimously passed a resolution opposing the Pepco-Exelon merger as is filed.
Exelon and Pepco need approval from the DC Public Service Commission and its counterparts in other states to proceed with the merger, and have been making concessions and commitments to win that approval. The companies’ latest offer to the DC PSC includes a guarantee of a reduction in frequency and duration of power outages, else it face penalties of up to $5.6 million per year.
The resolution introduced by ANC 3F05 commissioner Andrea Molod calls for any settlement negotiations conducted by the DC Public Service Commission, the Council and the DC government to require at least the following provisions:
The ANC heard from representatives from both sides of the issue over the course of the past few months. Mark Battle, vice president of Pepco’s DC operations made a presentation at the October 2014 meeting and again at the February meeting, and Rob Robinson of Grid 2.0 spoke at the January meeting (See: “The opposition’s view of the Exelon/Pepco merger and how you can weigh in“).
A video of the meeting can be found at ANC 3F’s Livestream.com page.