Maryland Ruling on Exelon-Pepco Holdings Merger Provides Millions in Benefits for Residents and Owners of Affordable Multifamily Housing
On May 15th, the Maryland Public Service Commission approved the merger between Exelon and Pepco Holdings. The Order includes significant benefits to residents and owners of affordable multifamily housing. These benefits include increased investments in energy efficiency, improved access to energy consumption data, and debt forgiveness for low-income utility customers. The Order requires Exelon to provide $57 million for investments in efficiency and clean energy.
These provisions were sought by the National Housing Trust (NHT), National Consumer Law Center (NCLC), Maryland Affordable Housing Coalition (MAHC), and Housing Association of Nonprofit Developers (HAND) as formal interveners in the merger proceeding.