EIA: Exelon-Pepco Merger Likely To Overcome Antitrust Concerns

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EIA: Exelon-Pepco Merger Likely To Overcome Antitrust Concerns

Large cap utility company Exelon has been trying to acquire smaller regional rival Pepco for almost 18 months now, but the deal has encountered some antitrust concerns that are apparently taking some time to work through. The EIA notes that the proposed merger of Exelon Corporation and Pepco Holdings would create the biggest electric utility holding company in the U.S. by number of customers with a combined 8.6 million customers.

The major issue is that the Public Service Commission of the District of Columbia initially rejected the Exelon-Pepco merger a couple of months ago, but is expected to revisit its decision based on changes to the deal in mid- to late-December of this year. All other relevant regulatory agencies have already approved the merger agreement.

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