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Share Name | Share Symbol | Market | Type |
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Exelon Corp | NYSE:EXC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 48.80 | 0 | 01:00:00 |
First 100 days as a combined company has already yielded millions of dollars in benefits to customers
Exelon and Pepco Holdings executives appeared before the Council of the District of Columbia today to update District leaders on the millions of dollars in benefits delivered to District residents in the first 100 days since the completion of the merger.
At the hearing of the Business, Consumer and Regulatory Affairs Committee, chaired by Councilmember Vincent Orange, Exelon and Pepco Holdings executives spoke of the companies’ enhanced commitment to solar and other forms of clean energy, customer bill credits, improved reliability and charitable giving.
“Today, as promised, Pepco is a stronger, better resourced, and more forward-looking utility because of the merger with Exelon,” said Dave Velazquez, president and CEO, Pepco Holdings. “Our customers in the District of Columbia have already begun to benefit through bill credits, faster and easier solar installation and through our new ability to share resources across all of the Exelon utilities responding more quickly to storms and outages.”
“Together as one company, we are playing a vital role as a leader in our industry and in the District, providing important economic, community and customer service benefits to Pepco customers,” said Chris Crane, president and CEO, Exelon. “Our focus remains on operational excellence, environmental sustainability, customer service and support for the communities we serve.”
Merger benefits delivered to District customers in the last three months include:
During the next 10 years, the merger will also deliver $51 million in savings that will be passed on to District customers through rates lower than they would be without the merger, and more than $8 million per year, every year thereafter.
Other forthcoming merger benefits for the District of Columbia. include:
In addition, as a result of the merger, Pepco has improved the way it assists customers and contractors in navigating through the process of installing home-based generation, including solar, and connecting it to the electric grid. Under the company’s ‘Green Power Connection’ brand, a dedicated team of Pepco professionals work directly with customers to ensure a seamless experience. The new online portal at pepco.com/gpc streamlines the application process and provides customers and contractors new tools and information.
The full text of the prepared testimony, along with other information, is available at www.PHItomorrow.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160713005179/en/
ExelonPaul Adams312-394-7417orPepco HoldingsVincent Morris202-872-2991
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