Prince George's County Council - Reference No. CR-051-2014

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Details

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

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
6/3/2014	1	County Council	introduced and referred		Action details	Meeting details	Video

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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