Exelon and Pepco Holdings Inc. Reach Settlement Agreement with Montgomery and Prince George’s Counties in Maryland

CHICAGO & WASHINGTON--(BUSINESS WIRE)--Exelon Corporation (NYSE: EXC) and Pepco Holdings Inc. (NYSE: POM) today announced that they have reached a settlement agreement with Montgomery and Prince George’s counties in the proceeding before the Maryland Public Service Commission (PSC) to review the companies’ proposed merger, which was announced on April 30, 2014. The two counties represent all of Pepco’s Maryland customers and nearly three-fourths of Pepco Holdings total customers in Maryland. The settlement, which is subject to the approval of the Commissioners of the PSC, was filed by Exelon and Pepco Holdings and signed by Montgomery County, Prince George’s County, the National Consumer Law Center, National Housing Trust, Maryland Affordable Housing Coalition, the Housing Association of Nonprofit Developers and a consortium of nine recreational trail advocacy organizations led by the Mid-Atlantic Off-Road Enthusiasts (MORE).