Utility Regulators Delay Decision on Delmarva Power Acquisition - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Utility Regulators Delay Decision on Delmarva Power Acquisition

Posted:

DOVER, Del. (AP) - Delaware utility regulators have agreed to delay final deliberations on the proposed $6.8 billion acquisition of Delmarva Power and Light Co.'s parent company by Chicago-based Exelon Corp. until their counterparts in Maryland rule.

Public Service Commission members granted a request by Exelon and Pepco Holdings to postpone Tuesday's scheduled deliberations until May 19.

The companies noted that the Maryland Public Service Commission is scheduled to issue a decision on the proposed merger May 8, and that the Maryland decision could affect a settlement agreement reached with Delaware officials.

The merger requires approvals by Maryland and Delaware regulators, as well as the Public Service Commission of the District of Columbia.

Exelon and Pepco hope to complete the deal in the second or third quarter of this year.

  • Most Popular VideosMost Popular VideosMore>>

  • Police Arrest A Baltimore Man for Unsolved Murder of UMES Student

    Police Arrest A Baltimore Man for Unsolved Murder of UMES Student

    Maryland State Police arrested 25-year-old Davonta M. Braxton, of Baltimore, Md.

    Officers say Braxton is charged in connection to the murder of 21-year-old Edmond St. Clair, who was a student at the University of Maryland Eastern Shore (UMES). Braxton has been a student at the university, but is not currently enrolled, according to school records.

    More

    Maryland State Police arrested 25-year-old Davonta M. Braxton, of Baltimore, Md.

    Officers say Braxton is charged in connection to the murder of 21-year-old Edmond St. Clair, who was a student at the University of Maryland Eastern Shore (UMES). Braxton has been a student at the university, but is not currently enrolled, according to school records.

    More
  • Seaford Family Supports Son Through Recovery

    Seaford Family Supports Son Through Recovery

    As the opioid epidemic continues to cut through communities across Delmarva, Debora Musser of Seaford is speaking up about her son's road to recovery in hopes of helping other families.

    More

    As the opioid epidemic continues to cut through communities across Delmarva, Debora Musser of Seaford is speaking up about her son's road to recovery in hopes of helping other families.

    More
  • Neglected Dogs from Seaford Up for Adoption

    Neglected Dogs from Seaford Up for Adoption

    Three of the dogs rescued for a hoarded home in Seaford are going up for adoption this weekend. 

    The Brandywine Valley SPCA in Georgetown are rehabilitating the 31 dogs rescued last week. 

    More

    Three of the dogs rescued for a hoarded home in Seaford are going up for adoption this weekend. 

    The Brandywine Valley SPCA in Georgetown are rehabilitating the 31 dogs rescued last week. 

    More
Powered by Frankly

All content © Copyright 2000 - 2017 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices