Exelon and Pepco offer new deal to save $6.8 billion merger

Exelon Corp. and Pepco Holdings Inc. have offered an alternative to save their $6.8 billion merger and in hopes of winning the approval of Washington, D.C., regulators and politicians. The two companies have proposed creating a $45.6 million fund that would protect residential ratepayers through 2019 and set aside $20 million to protect commercial customers and government agencies as the D.C. Public Service Commission saw fit. This would be a reallocation of its promised $78 million in incentives,…

from http://www.bizjournals.com/baltimore/news/2016/03/07/exelon-and-pepco-offer-new-deal-to-save-6-8.html
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