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D.C. PSC rejects Pepco-Exelon merger but the deal is not dead.
'The D.C. Public Service Commission rejected the Pepco-Exelon merger, but the long-awaited vote means the nearly $6.8 billion deal is not dead yet.
Instead, the deal is on hold.
The vote was 2 -1 to reject settlement terms Mayor Muriel Bowser had negotiated after D.C. regulators last year voted against the merger. Those terms with Chicago-based Exelon would have pumped $78 million in benefits to the city, including one-time credits to ratepayers, job training programs and donations to nonprofits in the District.
The companies will now go back and discuss new conditions set by the Public Service Commission. Exelon had wanted the deal wrapped up by March 4.'>>>
http://wtop.com/dc/2016/02/d-c-vote-scheduled-pepco-exelon-merger/
