Nadeau: “Serious Concerns” about PEPCO-Exelon Merger
Posted on May 22, 2015 at 11:21 AM
Ward 1 Councilmember sends letter to Public Service Commission outlining her objections
FOR IMMEDIATE RELEASE: Friday, May 22, 2015
Contact: Tom Fazzini, firstname.lastname@example.org, office: (202) 724-8180, mobile: (202) 262-8998
WASHINGTON — The proposed merger of PEPCO and Exelon raises serious concerns for ratepayers and could deal a setback to District renewable energy investments according to a letter sent today by Ward 1 D.C. Councilmember Brianne K. Nadeau to the Public Service Commission, which is tasked with reviewing the deal. Nadeau sent the letter after reviewing all submitted testimony and hearing from a large number of constituents on the issue.
“While the Council does not have a vote on this issue, I felt compelled to share my findings after reviewing the submitted testimony and hearing from many passionate constituents,” said Councilmember Nadeau. “I have serious concerns that a merger could expose District ratepayers to rate increases and could have a negative impact on our progress on renewables. I urge the commission to consider my serious concerns when making a decision about this merger.”
The full text of the letter is below:
About Ward 1 Councilmember Brianne K. Nadeau
In her many years of service to the community, Councilmember Brianne K. Nadeau (D-Ward 1) has brought perspectives from a career that spans the non-profit, public and private sectors. She is committed to strengthening our schools, increasing affordable housing and promoting government transparency and the highest ethical standards. Prior to joining the Council, she was a strategic advisor to faith-based, Democratic and environmental non-profits, and is a former ANC. Follow her on Twitter @brianneknadeau or at Facebook.com/brianneknadeau.
# # #