After two years, Exelon Corporation has finally announced the completion of its merger with Pepco Holdings, Inc, an energy supplier that serves nearly 2.1 million customers.
The merger unites Exelon’s three electric and gas utilities: PECO (Pennsylvania), BGE (Maryland), and ComEd (Illinois) with Pepco Holdings’ companies: Atlantic City Electric (New Jersey), Delmarva Power (Delaware), and Pepco (Maryland & Washington DC). The electric and gas utilities will now be managed by Exelon, but Pepco Holdings' companies will keep their respective names. However, while promising lower rates and better customer service, the merger took place amidst many oppositions and fears. According to the executive director of DC Solar United Neighborhoods,"It would lead to higher prices and lower quality of service. It would restrict [the] ability to generate more power locally using solar and wind technologies" (DC SUN).