It is sorely disappointing that today the D.C. Public Service Commission (PSC) gave in to pressure from Exelon and D.C. Mayor Muriel Bowser and decided to fast track the review of the Exelon-Pepco settlement reached with the Bowser administration earlier this month.
The new fast track scheme, coupled with the amount of new evidence contained in the settlement, does not give the PSC enough time to deliberate, or the public to review, what the PSC itself has recognized as one of the most significant decisions that it will ever make.
Public Citizen intends to fully participate in this new process as an intervener to protect energy consumers in the District who have continued to speak out about the negative effects of the merger. The settlement is nothing but a cosmetic facelift. It does not address the fundamental conflicts of interest identified by the PSC when it rejected the merger in the first place.
As the process moves forward, we urge the PSC to assess the merits of this acquisition on the effects it will have on D.C. residents and the environment – rather than on the amount of unsubstantiated promises and political strong-arming Exelon brings into the process.
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