Local Business

D.C. Leaders Demand Formal Probe into Pepco-Exelon Merger Proposal

A group of D.C. community leaders held a news conference to demand a formal investigation of the proposed $6.8 billion merger between utility companies Pepco and Exelon.

A major reason stems from Mayor Muriel Bowser’s changing her stance against the merger after reaching a $25 million deal for Pepco to own the stadium naming rights for the new D.C. United soccer stadium in Southwest at Buzzard Point.

The merger opponents, who spoke Wednesday, Nov. 11, near the future location of the stadium, which is currently a Pepco substation, held a sign that read, “Soccergate: Did Pepco buy Mayor Bowser for $25 million?”

“For many, many months we have been fighting alongside the D.C. government to prevent this merger. This is a complicated deal. Millions and millions of dollars of real estate are at stake,” said Anya Schoolman, executive director for DC Sun, a nonprofit organization that educates city residents about solar energy. “We want to know the connection between the $25 million naming rights deal and the mayor’s change in position on the Exelon merger.”

According to two letters dated Nov. 11 from two nonprofit organizations – Public Citizen of Southeast and Chesapeake Climate Action Network of Takoma Park, Maryland – the groups want the District’s Board of Ethics and Government Accountability to examine whether unethical conduct was carried out by the mayor’s office and wants a Freedom of Information Act request for all correspondence related to the Pepco-Exelon deal.

“When Mayor Muriel Bowser took office, she opposed both the utility merger and the District’s previous intention to sell and/or swap land with Pepco,” according to the letter addressed to the D.C. Board of Ethics and Government Accountability. “On Oct. 6, barely two weeks after the Pepco sponsorship agreement, the mayor announced the merger settlement and her support for the merger between the two giant utility companies … which was in contrast to her previous position.”

Opponents also want the D.C. Council to make the head of city’s Office of the People’s Counsel — a self-governing agency that advocates on behalf of the city’s ratepayers — an independent post. The position is currently nominated by the mayor and confirmed by the city council.

Sherice Muhammad, who chairs the Ward 7D Advisory Neighborhood Commission, said 27 ANCs issued resolutions to oppose the merger. She also hopes D.C. Attorney General Karl Racine intervenes to ensure residents aren’t cheated in the deal and no improprieties happened in the mayor’s office.

Rob Marus, spokesman for the attorney general, declined to comment Monday, Nov. 9, about the allegations.

“What the attorney general is interested in is working with council to strengthen campaign finance laws,” he said.

On the same day of the news conference, Pepco Holdings spokeswoman Myra Oppel issued a statement to stress that the mayor’s office, People’s Counsel, the attorney general and the majority of District Council and residents support the merger.

“It’s clear the small vocal minority who continue to oppose the merger are becoming increasingly desperate in their last-ditch attempts to disrupt it,” she said. “They are deliberately ignoring the facts and will say just about anything to distract from the substance of the merger and to serve their special interests.”

Exelon officials, with the company being based in Chicago, have said the merger would provide nearly $73 million in benefits that include no increase on residential customers through 2019, renewable energy and energy-efficient programs and new jobs.

At-large Councilwoman Elissa Silverman doesn’t support the merger for three reasons: rate increases after 2019, concerns about reliable service and issues with jobs.

“Exelon is based in Chicago. They don’t have any allegiance here,” she said Nov. 13.

The final decision on the merger rests with the District’s Public Service Commission, which reopened the case to consider the settlement as part of the current proceeding.

A final decision could come in early 2016, Silverman said. “We want a good deal … and a decision in the best interest (for the city).”

An additional community hearing on the Exelon-Pepco merger settlement proposal took place on Tuesday and Wednesday, Nov.17 and 18, in the Commission Hearing Room, Suite 800, in Northwest.

Written comments or statements can be filed until the close of the record, Friday, Dec. 18, by sending them to Brinda Westbrook-Sedgwick, Commission Secretary, Public Service Commission of the District of Columbia, 1325 G Street, NW, Suite 800, Washington, D.C. 20005 or by e-mail at Psc-commissionsecretary@dc.gov

Visit the Commission’s website for copies of the proposed Settlement Agreement at www.dcpsc.org.

Tags
Show More

William J. Ford – Washington Informer Staff Writer

I decided I wanted to become a better writer while attending Bowie State University and figured that writing for the school newspaper would help. I’m not sure how much it helped, but I enjoyed it so much I decided to keep on doing it, which I still thoroughly enjoy 20 years later. If I weren’t a journalist, I would coach youth basketball. Actually, I still play basketball, or at least try to play, once a week. My kryptonite is peanut butter. What makes me happy – seeing my son and two godchildren grow up. On the other hand, a bad call made by an official during a football or basketball game makes me throw up my hands and scream. Favorite foods include pancakes and scrambled eggs which I could eat 24-7. The strangest thing that’s ever happened to me, or more accurately the most painful, was when I was hit by a car on Lancaster Avenue in Philadelphia. If I had the power or money to change the world, I’d make sure everyone had three meals a day. And while I don’t have a motto or favorite quote, I continue to laugh which keeps me from driving myself crazy. You can reach me several ways: Twitter @jabariwill, Instagram will_iam.ford2281 or e-mail, wford@washingtoninformer.com

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Back to top button

My News Matters to me - Washington Informer Donations

Be a Part of The Washington Informer Legacy

A donation of your choice empowers our journalists to continue the work to better inform, educate and empower you through technology and resources that you use.

Click Here Today to Support Black Press and be a part of the Legacy!

Subscribe today for free and be the first to have news and information delivered directly to your inbox.

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker