April 8, 2015
Panel Discussion Wednesday: Is the Purchase of Pepco by Exelon in the Public Interest?
UDC Clarke School of Law to Host Panel on Proposed Merger
WHAT: Panel discussion to examine the question of whether or not the proposed purchase of Pepco by Exelon is in the public interest. Tyson Slocum, director of Public Citizen’s Energy Program, will be appearing with D.C. Councilmember Mary Cheh and Tim Judson, executive director of Nuclear Information & Resource Service.
Slocum will explain that an Exelon-Pepco merger would not be in the best interest of the public and would not benefit consumers. Specifically, the merger would:
- Raise electricity prices for current Pepco customers.
- Restrict the District’s ability to transition to a clean, affordable and reliable electricity grid. Exelon has been a vocal opponent of tax credits for wind farm developers and has voiced opposition for solar power generation.
- Give Exelon a near-monopoly over D.C.’s utility market – increasing the company’s political and economic control.
- Take control of the local electricity market away from a local company and give it to a giant, Chicago-based corporation.
- Shift financial risk away from Exelon’s shareholders and onto Pepco customers.
WHEN: 7 p.m. Wednesday, April 8
WHERE: UDC Clarke School of Law, 4340 Connecticut Ave. NW, Washington, D.C.
WHO: Tyson Slocum, director, Public Citizen’s Energy Program