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Archive for March, 2015

2
Mar

More Opposition to the Exelon/Pepco Deal

Mon Mar 02, 2015 at 04:02:53 PM EST

by Chris Weiss, Executive Director, DC Environmental Network

UPDATE: DC Councilmember Cheh and DC Fiscal Policy Institute Latest to Publicly Oppose Exelon/Pepco Merger!


[Figure 1: Sandra Mattavous-Frye, People’s Counsel, recently testified that the Exelon/Pepco Merger, as proposed, is not in the public interest.]

The DC Environmental Network (DCEN) is very proud of all the folks who are working hard to stop the Exelon/Pepco Merger. They are making sure people know that:

– The Pepco-Exelon Merger Would Hurt the District’s Poor & Middle Class Residents!
– The Pepco-Exelon Merger Would Hurt the District’s Progress and Targets for Renewable Energy and Energy Efficiency!
– The Pepco-Exelon Merger Would Dramatically Decrease Local Control of Our Electricity!

The momentum in the District is on our side. Hundreds of District residents have sent testimony to the DC Public Service Commission (PSC) opposing the merger. Have you submitted your testimony? Submit yours today to psc-commissionsecretary@psc.dc.gov.

I wanted to alert you to two of the most recent and loudest voices in opposition:

1. DC Councilmember Mary Cheh:

Councilmember Mary Cheh has been the clearest and loudest voice coming from the District’s legislative branch of government. She recently spoke out against the merger on “The Politics Hour” with Kojo Nnamdi & Tom Sherwood. You can listen to her statement here!

Councilmember Cheh also recently circulated a letter in her monthly “Ward 3 Update” that outlined her case against the merger. Click here to see full letter.

Some highlights:

“We can expect that Exelon will, as it has in other jurisdictions where it owns regulated utilities, oppose the expansion of policies encouraging renewable energy in the District.”

“…I have grave doubts that any deal approving this acquisition can truly be in the public interest.”

“District ratepayers and the District as a whole will gain no net benefit, and will be at substantial risk of higher prices, lost jobs, problems arising from distant governance, and a marked reversal of progressive environmental initiatives.”

The DC Environmental Network hopes that other Council representatives will engage on this historically important decision. The stakes are too high for members to put their heads in the sand and not express their views. We are very thankful to those that have brought their expertise and experience to the debate. That’s what being a representative of the District is all about.

2. DC Fiscal Policy Institute:

The DC Fiscal Policy Institute, one of the most effective advocacy organizations in the District, has been a champion of poor and middle class residents. They recently submitted testimony in opposition to the Pepco/Exelon merger. You can read their full testimony here.

Some highlights:

“DCFPI has joined Power DC, a coalition of organizations opposed to the Exelon-Pepco merger, because we are concerned about its impact on ratepayers, particularly low-income households.”

“The DC Fiscal Policy Institute opposes the Exelon-Pepco merger because we fear that it will lead to higher rates that hurt all of us, but especially the area’s lowest income residents. The concern over higher rates has been expressed by a variety of expert individuals and organizations, including the head of the Office of People’s Counsel and the Institute for Energy Economics and Financial Analysis.”

“If rising electricity costs resulting from a merger add to the city’s rising rents, more families will be squeezed and forced to make cutbacks to pay housing bills. That is why the DC Fiscal Policy Institute recommends that the Public Service Commission reject this merger.”

Have you submitted your testimony? Submit yours today to psc-commissionsecretary@psc.dc.gov.

Thanks so much!