Pepco Holdings and Exelon Reach Merger Settlement with District of Columbia Government

WASHINGTON & CHICAGO--(BUSINESS WIRE)--Pepco Holdings Inc. (NYSE: POM) and Exelon Corporation (NYSE: EXC) today announced they have reached a settlement with the Government of the District of Columbia and others on the companies’ proposed merger that will deliver substantially enhanced benefits to consumers and businesses in the District. The settlement package was specifically shaped to address the concerns articulated by the District of Columbia Public Service Commission (PSC) in its August order.