Energy and Environment

Exelon-Pepco merger faces challenge

By John Siciliano
Published April 22, 2016 7:01pm ET
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Exelon-Pepco merger faces challenge
FILE - In this March 16, 2011 file photo, steam escapes from Exelon Corp.'s nuclear plant in Byron, Ill. Illinois lawmakers are considering clean-energy legislation backed by Exelon Corp. to keep three unprofitable nuclear plants afloat. The idea proposed Thursday, Feb. 26, 2015 would require utilities to reward producers of low-carbon power for being environmentally friendly. That would include wind, solar, water and clean-burning coal as well as nuclear. Labor and political leaders say it would help Exelon keep open nuclear plants in the Quad Cities, Byron and Clinton. (AP Photo/Robert Ray, File) | Robert Ray

Exelon’s $6.9 billion purchase of Washington-area utility Pepco is facing its first major challenge a month after it won approval from D.C. regulators.

Consumer advocacy group Public Citizen, with solar energy proponents D.C. Solar United Neighborhoods (DC SUN), teamed up Friday to challenge D.C.’s final approval of the plan, while threatening to take the matter to a federal appeals court if D.C. regulators don’t correct themselves.

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Electricity John Siciliano Mergers and Acquisitions Minusextra