Reference No. CR-051-2014    Draft No. 1
Type: Resolution Status: Failed
Meeting Body Transportation, Housing and the Environment Committee
Meeting Date 6/3/2014
Introduced Date 6/3/2014 Public Hearing Date
Effective date:    
Title: A RESOLUTION CONCERNING PUBLIC SERVICE COMMISSION ACTION ON THE PROPOSED SALE OF PEPCO TO THE EXELON CORPORATION for the purpose of expressing the Prince George's County Council's position strongly encouraging the Public Service Commission to condition the proposed sale on the provision of substantial ratepayer benefits and cost recoveries for investments that are tied to performance.
Proposers/Sponsors: Eric C. Olson, Will Campos, Derrick Leon Davis, Andrea C. Harrison, Mary A. Lehman, Ingrid M. Turner
Attachments: 1. R2014051.pdf, 2. CR-051-2014 AIS
Contact: Kathleen H. Canning, Legislative Officer
Title
A RESOLUTION CONCERNING PUBLIC SERVICE COMMISSION ACTION ON THE PROPOSED SALE OF PEPCO TO THE EXELON CORPORATION for the purpose of expressing the Prince George's County Council's position strongly encouraging the Public Service Commission to condition the proposed sale on the provision of substantial ratepayer benefits and cost recoveries for investments that are tied to performance.
Background
On April 30, 2014, it was announced that the Exelon Corporation had agreed to purchase PEPCO.  The proposed purchase is subject to several approvals, including the approval (with or without conditions) of the Public Service Commission. This resolution urges the Public Service Commission to condition the proposed sale of PEPCO to the Exelon Corporation on the provision of substantial ratepayer benefits and cost recoveries for investments that are tied to performance.
 



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