DC Regulators reject Exelon; no public benefit

A public utility actions (expenses) must benefit the public; simple right but so often this is not the focus of the utility executives or the regulators.

Reviewing the cost vs. benefits the regulators in Washington, DC rejected Exelon’s bid for BGE citing that Exelon’s takeover did not demonstrate benefits to its customers. Bravo!

As previously cited, there is little reason for a public utility to acquire another utility, especially one that does not share a border.

Putting the focus on customer benefits verse stockholders the DC regulators did their job. Applause.

 

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Supporting Article:
http://realgyenergyservices.com/comed-parent-company-pay-6800000000-east-coast-utility/
http://www.energybiz.com/article/15/08/dc-regulators-reject-proposed-merger-exelon-pepco?utm_source=2015_08_26&utm_medium=eNL&utm_campaign=EB_DAILY&utm_content=4521