Maryland Attorney General Frosh Urges PSC To Reject Exelon-Pepco Merger

"Maryland Attorney General Brian Frosh became the latest voice to oppose the proposed merger between Baltimore Gas and Electric parent Exelon Corp. and Pepco Holdings.

Chicago-based Exelon is seeking approval from the Maryland Public Service Commission and other regulatory agencies to buy Pepco Holdings for $6.9 billion. Various groups, including the Maryland Office of Peoples' Counsel, have called for the merger to be rejected, while the PSC staff believes it shouldn't be approved without concessions from the utility giant.

Frosh and his office, serving as legal counsel for the state and the Maryland Energy Administration, called for the merger to be rejected in a filing Tuesday. The PSC must rule on the proposed merger by April 8, and can only approve it if it finds the merger is in the public interest."

Carrie Wells reports for the Baltimore Sun March 5, 2015.