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Exelon Corp. (EXC), Pepco (POM) Enter Settlement with Montgomery, Prince George Counties Over Proposed Merger

March 17, 2015 8:05 AM UTC

Exelon Corp. (NYSE: EXC) and Pepco Holdings Inc. (NYSE: POM) announced that they have reached a settlement agreement with Montgomery and Prince Georges counties in the proceeding before the Maryland Public Service Commission (PSC) to review the companies proposed merger, which was announced on April 30, 2014. The two counties represent all of Pepcos Maryland customers and nearly three-fourths of Pepco Holdings total customers in Maryland. The settlement, which is subject to the approval of the Commissioners of the PSC, was filed by Exelon and Pepco Holdings and signed by... More