Pepco Holdings and Exelon Complete Merger Millions of dollars in merger benefits to be delivered to customers and communities.
On March 23, Pepco Holdings, parent company of
Pepco, completed its merger with Exelon Corporation,
making us a member of the Exelon family of companies.
Now that the merger is approved, you can look forward
to several benefits that support both our customers and
the communities we serve.
Customer benefits as part of the merger include:
An immediate bill credit of $50 for all residential
customers in Maryland, followed by a second $50
credit 12 months later
An Fewer and shorter power outages for Pepco
customers and significant financial penalties to
Exelon and Pepco if we do not meet higher
An $31.5 million for energy efficiency programs,
including 20 percent for low-income customers
In addition to direct customer benefits, we have made
commitments to our communities, including:
An $1.2 million to Prince George’s County and $1.7
million to Montgomery County for workforce
An $14.4 million to establish a Green Energy Fund to
stimulate investment in sustainable solutions
An $5 million worth of loans for development of
renewable energy in Montgomery County
An Pilot microgrid projects in Montgomery and Prince
An Commitment to make a good-faith effort to hire at
least 110 union workers in Maryland in the first two
years after the merger closes
An A guaranteed $6.5 million in contributions over
10 years to nonprofits that serve Maryland’s most
We look forward to continuing to deliver safe, reliable
electric service to you. For more information about our
merger, visit PHITomorrow.com.