Pepco Continues to Lobby D.C.

Another intense lobbying exercise by businessmen, politicians and environmentalists was witnessed by the public on Thursday with regard to Pepco, the district’s century-old electric company’s takeover by Exelon, a giant in nuclear energy.

Most of the lobbying targeted D.C mayor, Muriel E Bowser (Democrat). There have been fears by some of the mayor’s top deputies in recent weeks. They are worried about the possibility of a renewed concession from the energy companies shifting the mayor’s stance with regard to the proposed 6.4 billion dollars merger.

The mayor is stuck between two opposing sides with the District’s business and political establishments supporting the proposed deal. On the other hand, community organizers, environmentalists and advocates for ratepayers in the city are calling for her to rebuff any last minute deal.

Environmentalists who had set camp in freedom plaza outside the John A. Wilson Building, which houses the mayor’s office, could be heard on Thursday shouting, ‘Don’t let Exelon buy Muriel Bowser.’

Elsewhere, former mayor Anthony A. William who is also a mentor for the current mayor, Bowser, was surrounded by a number of the city’s business leaders as he held a news conference aimed at publicly urging the mayor to find a way forward with regard to the deal. The former mayor was quoted as saying he is an environmentalist himself and he did not see any big deal with regard to the Pepco takeover.

The increased lobbying from the two camps required Bowser to either hold firm or overturn the decision of the D.C’s Public Service Commission which denied the proposed takeover of Pepco Holdings by the Chicago-based Exelon. The PSC in its ruling cited that the deal was not in the best interest of ratepayers or the city itself, which is committed to utilizing more green energy.

Both Pepco and Exelon have however vowed to appeal the ruling in less than two weeks time. Bowser’s decision would have a great impact on the regulators’ stance as well as the likelihood of the two companies prevailing in court. The companies have already received support from the states of Maryland, New Jersey, and Delaware as well as from federal regulators.

These latest developments come after Bowser had issued a statement last month in support of the commission’s decision. However, she left some room to reconsider noting that her decision would put the interests of the ratepayers and the city first.

According to a spokesman of the three-member public service commission, the two companies have until September 28th to file a request for reconsideration.

Leave a Reply

Your email address will not be published. Required fields are marked *