With Exelon-Pepco Merger Rejected By PSC, Group Again Pushes for Municipalization of Pepco
August 27,2015
In the wake of the District of Columbia PSC's decision to reject the Exelon-Pepco merger, DC Public Power called upon District officials – the Mayor, the Council, the PSC – to initiate the process for municipalization of the District’s electrical grid
"Just as the merger is not in the public interest, it is also questionable whether Pepco’s continued independent operation of the DC Grid is in the public interest," said Michael Overturf, DC Public Power CEO. "Pepco wants to sell its DC operations, and the District should take the initiative to protect DC’s energy assets by municipalizing the electrical grid."
As a first step, DCPP calls upon the District Council to immediately restore the $250,000 in funds for a public power utility transition study that it had earlier approved, but that was subsequently re-allocated for other purposes.