Public Citizen and DC SUN Challenge Exelon’s Takeover of Pepco
April 22, 2016
Public Citizen and DC SUN Challenge Exelon’s Takeover of Pepco
Groups Tell D.C. Public Service Commission: Decision to Approve Was Based on Error; Stop Exelon From Moving Forward With Takeover
Note: Today’s filing will be available here later this afternoon.
WASHINGTON, D.C. – Today, Public Citizen and DC SUN will file an application for reconsideration before the D.C. Public Service Commission (PSC) arguing that the commission’s split decision to approve Exelon’s takeover of Pepco is arbitrary, fails the public interest standard and is not supported by evidence.
On August 27, after more than a year of careful deliberation, the PSC rejected the proposed takeover of Pepco by Exelon. The rejection order provided a clear and thorough analysis supporting the commission’s decision that allowing Exelon to acquire Pepco is not in the public interest.
Since that order, the PSC has engaged in a pattern of procedural irregularity, internal contradiction and flawed reasoning, which led to its contentious 2-1 vote on March 23 to approve the transaction.
Today’s filing chronicles the many errors, gaps and contradictions across the commission’s orders and argues that it should reverse its decision to approve the merger.
“Exelon’s takeover of Pepco is bad deal for the District and was only made possible by a faulty and irregular decision-making process,” said David Arkush, managing director of Public Citizen’s Climate Program. “Our position is simple: If the commission corrects its errors, it will no longer be able justify its decision to approve the takeover.”
Summary of Application for Reconsideration: