Montgomery County Council Press Releases & Statements

Montgomery Councilmember Berliner To Introduce Council Resolution Calling Upon State Regulators to Insist on Substantial Ratepayer Benefits when Considering the Sale of Pepco
 
  • Release ID: 14-133
  • Release Date: 5/5/2014
  • Contact: Neil Greenberger 240-777-7939 or Delphine Harriston240-777-7931
  • From: Council Office

Montgomery County Councilmember Roger Berliner, who chairs the Council’s Transportation, Infrastructure, Energy and Environment Committee, will introduce a Council Resolution calling upon the Maryland Public Service Commission to “condition any approval of the sale of Pepco to Exelon on obtaining substantial ratepayer benefits, including, but not limited to, top quartile performance in three years and tying rate recovery to Exelon’s performance.”

Last week, Exelon Corporation announced its intention to purchase Pepco for $6.83 billion. The sale must be approved by the Public Service Commission. On Tuesday, May 6, Councilmember Berliner will introduce a resolution before the Council that urges the Public Service Commission “to utilize its complete authority and discretion when reviewing the sale of PEPCO to Exelon Corporation.”

In a letter seeking his colleagues support for the resolution, Councilmember Berliner said, “I don't need to tell you—or our constituents—how long all of us have suffered from unacceptably poor service. Not when we endured five years in a row of lowest quartile performance. Fortunately, Exelon does have a better track record when it comes to reliability and is in a stronger financial position than Pepco. But we should not cross our fingers when it comes to improved service. Our state regulators should insist upon it.”

The complete text of Councilmember Berliner’s letter to his colleagues:


May 5, 2014

Dear Colleague,

As you know, Exelon has announced its intention to purchase Pepco for $6.83 million in cash. What is less appreciated is that this sale must be approved by our Maryland Public Service Commission.

Our Commission has the responsibility to determine that the proposed transaction is in the public interest and it has the ability to condition its approval, should it be granted, on obtaining real benefits for our residents and ratepayers.

Tomorrow, I will be introducing a resolution calling upon the Maryland Public Service Commission to exercise its authority in precisely this manner -- on behalf of our residents. I don't need to tell you -- or our constituents -- how long all of us have suffered from unacceptably poor service. Not when we endured 5 years in a row of lowest quartile performance.

Fortunately, Exelon does have a better track record when it comes to reliability and is in a stronger financial position than Pepco. But we should not cross our fingers when it comes to improved service. Our state regulators should insist upon it.

The resolution calls upon the MPSC to condition any approval of the sale of Pepco to Exelon on obtaining substantial ratepayer benefits, including, but not limited to, obtaining top quartile performance in 3 years and tying rate recovery to Exelon's performance.

I would be pleased to have your support and co-sponsorship of this resolution.


Best Regards,

Roger Berliner
Councilmember
District 1









» Return to Press Releases

Privacy Policy | User Rights | Accessibility | Language Translations | Social Media | County Code
Copyright Montgomery County Government All Rights Reserved.