For Immediate Release
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:
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.