- Associated Press - Tuesday, April 21, 2015

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.



Click to Read More

Click to Hide