Jan. 22, 2015
Public Citizen to Tell D.C. Councilmembers: Pull the Plug on the Exelon-Pepco Merger
D.C. Committee on Transportation & Environment to Hear From Public on Proposed Merger
WHAT: Public Citizen will testify before the D.C. Council’s Committee on Transportation and the Environment about the harmful effects of a proposed merger between Exelon Corporation and Pepco Holdings, Inc. Public Citizen is one of many environmental, public health, business, faith, low-income and social justice organizations that oppose the merger.
Tyson Slocum, director of Public Citizen’s Energy Program, will explain that 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.
WHERE: Room 500, the Wilson Building, 1350 Pennsylvania Ave. NW, Washington, D.C.
WHEN: 11 a.m. EDT Friday, Jan. 23
WHO: Tyson Slocum, director, Public Citizen’s Energy Program