Frosh urges PSC to reject Exelon-Pepco merger
Maryland Attorney General Brian Frosh became the latest voice to oppose the proposed merger between Baltimore Gas and Electric parent Exelon Corp. and Pepco Holdings.
Chicago-based Exelon is seeking approval from the Maryland Public Service Commission and other regulatory agencies to buy Pepco Holdings for $6.9 billion. Various groups, including the Maryland Office of Peoples’ Counsel, have called for the merger to be rejected, while the PSC staff believes it shouldn’t be approved without concessions from the utility giant.
