BALTIMORE (Legal Newsline) – Maryland Attorney General Brian E. Frosh recently announced that he would join the efforts to prevent Exelon Corp. from acquiring Pepco and Delmarva Power and Light.
In an effort the attorney general’s office believes will protect Marylanders from dangers associated with energy industry consolidation, Frosh submitted a friend of the court memorandum to a state judge. The goal would be to get the Maryland Public Service Commission to reconsider an earlier decision approving the purchase.
"It is clear the industry is moving in one direction: toward renewable power generation, energy efficiency, microgrids and other innovations," Frosh said. "If Exelon acquires Pepco and Delmarva, it would be in a position to exploit its dominance in Maryland to force us to consume more energy from power plants, and less from renewable and decentralized sources."
If the acquisition moves forward, Exelon would own three of four of Maryland’s major power companies, controlling 80 percent of electric service to Maryland consumers.
"Marylanders need and deserve innovation, efficiency and lower prices, but if Exelon acquires Pepco and Delmarva, we would be stuck in place," Frosh said.