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For Immediate Release

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Pepco Residential Customers in the District of Columbia Begin Receiving $54 Bill Credit from Exelon Merger Commitment

WASHINGTON, D.C. (April 18, 2016) - Pepco customers this month and into May will see a $54.59 credit on their monthly bill, the first of many benefits they will receive as part of the merger completed last month between Exelon and Pepco Holdings, Inc, the parent company of Pepco.

The credits will be automatically applied to each household's bill as part of a broader package of benefits that will make energy more affordable for Pepco customers in the District as a direct result of the merger. The credits are applied to the bill balance and will be reflected on each customer's bill. 

"All of our customers will see millions of dollars in direct benefits as a result of the completion of the merger," said Donna Cooper, Pepco region president. "In addition to funding residential customer credits, we are providing new assistance programs to help those most in need, new higher reliability requirements and significant new investments in wind and solar power."

For more information about the Exelon Rate Credit, visit pepco.com/billcredit or call 1-202-833-7500.
 

Other merger benefits for Pepco customers in the District of Columbia include:

  • Forgiveness of all unpaid residential customer accounts more than two years old
  • $11.25 million for energy efficiency programs, especially for low-income households
  • $19 million in charitable contributions over the next 10 years to local nonprofits
  • New programs making it easier for customers to install solar panels
  • Plans to hire more than 100 union workers in the District
  • $25.6 million that can be used for bill credits to offset future rate increases

Exelon and Pepco Holdings completed their merger transaction on March 23, following the approval of the merger by the Public Service Commission of the District of Columbia. The merger has brought together Exelon's three electric and gas utilities - BGE, ComEd and PECO - and Pepco Holdings' three electric and gas utilities - Atlantic City Electric, Delmarva Power and Pepco - to create the leading mid-Atlantic electric and gas utility company.

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