Pepco

Local News
12:10 pm
Wed April 30, 2014

Exelon Buys Pepco Holdings Creating Giant Mid-Atlantic Utility

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CHICAGO (AP/WBOC)- Energy provider Exelon is buying Washington, D.C.-based Pepco Holdings Inc. for $6.83 billion to create a large electric and gas utility in the Mid-Atlantic region.

The deal will combine Exelon Corp.'s electric and gas utilities BGE, ComEd and PECO with Pepco's Atlantic City Electric, Delmarva Power and its namesake utility.

The combined utility businesses will serve approximately 10 million customers and have a rate base of approximately $26 billion.

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