Exelon, Pepco settle with Md. counties over proposed merger

first_img RELATED ARTICLESMORE FROM AUTHOR Vietnam: scaling back coal-fired plans toward gas, renewables By chloecox – No posts to display Twitter Twitter Linkedin The two counties represent all of Pepco’s Maryland coverage area and nearly three-fourths of Pepco Holdings total customers in the state. The settlement, subject to approval from the Maryland Public Service Commission, was filed by Exelon and Pepco Holdings and signed by both counties and several housing and recreational trail advocacy groups. Exelon Corp. (NYSE: EXC) and Pepco Holdings (NYSE: POM) have reached a settlement agreement with two Maryland counties over the companies’ proposed merger. Exelon, Pepco settle with Md. counties over proposed merger Linkedincenter_img Facebook EmissionsEnergy StorageOn-Site PowerRenewablesSolar TAGSExelon Previous articleDominion, Philip Morris USA team on solar energy developmentsNext articleMilwaukee medical center plans to buy power plant, convert to natural gas chloecox The settlement with Montgomery and Prince George’s counties includes commitments to provide benefits to customers and the state through a combination of bill credits, $57.6 million in funding for energy efficiency programs, a $50 million “Green Sustainability Fund” to stimulate investment of solar, energy storage and other distributed generation systems throughout the PHI service territory, and developing 15 MW of solar generation, with 5 MW each in Montgomery and Prince George’s counties and the Delmarva Power territory in Maryland. Prince George’s also signed a power purchase agreement with Exelon that will result in the development of an additional 5 MW of solar electricity. New Jersey utility regulators extend zero-carbon breaks for PSEG nuclear power plants Facebook Voith Hydro supplying pumped storage equipment to pair with Idaho combined solar-wind project 3.18.2015last_img read more