Exelon’s Merger with Pepco Holdings is Affirmed by D.C. Court of Appeals

7/20/17

CHICAGO--(BUSINESS WIRE)--The District of Columbia Court of Appeals today affirmed the Public Service Commission of the District of Columbia’s approval of Exelon’s merger with Pepco Holdings, which combined Exelon’s three electric and gas utilities – BGE, ComEd and PECO – with PHI’s three electric and gas utilities, Atlantic City Electric, Delmarva Power and Pepco.

As a result of the merger, customers are seeing improved efficiency, reliability and a broad array of other benefits. Today, the Court upheld the Public Service Commission’s order, resolving all legal challenges in the District of Columbia and enabling us to remain focused on providing safe, reliable and affordable energy to all of our customers.

About Exelon

Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company with the largest number of utilitycustomers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 32,700 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2.2 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Follow Exelon on Twitter @Exelon.

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