The D.C. Public Service Commission has ordered Pepco and Exelon to meet several regulatory commitments that are designed to benefit the District’s economy, infrastructure, and environment and Pepco ratepayers to ensure the companies’ merger is in the public interest (See Formal Case No. 1119, Order No. 18160).
Below, the Office provides information on its advocacy for the benefits Pepco and Exelon are obligated to provide, how OPC monitors merger compliance, along with its quarterly assessment of Pepco’s compliance with key merger commitments (as identified in Order No. 18160).
HOW IS OPC MONITORING MERGER COMPLIANCE?
Pepco and Exelon have to meet over 100 merger commitments and conditions. The Office’s staff (including attorneys, economists, and accountants) engages in quarterly meetings with Pepco to discuss its compliance with current, upcoming, and recurring merger commitments. Additionally, the Office reviews merger compliance documents as they are filed with the Commission and routinely sends formal and informal information requests to Pepco to receive status on commitments. OPC has and will continue to challenge Pepco and Exelon’s compliance with any merger commitment for which the Office believes the companies have not sufficiently met.
- The last quarterly compliance meeting was held on September 15, 2017.
- The next quarterly compliance meeting is tentatively scheduled for February 5, 2018.
HOW HAS OPC ADVOCATED FOR CONSUMERS IN THE EXELON-PEPCO MERGER PROCEEDING?
As a result of OPC’s advocacy in the merger case, consumers were able to reap benefits including:
- A rate case credit that stabilizes rates from 2014-2019.
- A one-time bill credit of $54.59.
- An arrearage management program.
- Debt forgiveness for debts more than 2 years old.
- A report analyzing ways to improve the relationship between Pepco and its customers.
- A workforce development program.
- Over $30 million to support the development of the electric infrastructure and energy efficiency programs.
- Annual employment and economic benefits reports.
- A one-time contribution of $350,000 to support consumer advocacy at the federal level.
- Stronger reliability standards with penalties for non-compliance.
- A more efficient and effective solar interconnection process.
- A commitment for the production of solar and wind power.
- $5 million for the development of renewable energy projects in the District of Columbia.