(Legal Newsline) — District of Columbia Attorney General Karl A. Racine
announced Feb. 7 that he has filed a brief in the D.C. District Court of Appeals
challenging the District’s Public Service Commission (PSC) decision to allow a merger
between Exelon and Pepco Holdings Inc. on terms of the PSC’s choosing.
brief, Racine urges the court to mandate the merger must go through on
Racine’s terms instead. These terms had been negotiated by the district, the
Office of People’s Counsel, D.C. Water, and the Apartment and Building
Association of Metropolitan Washington, along with several other parties. Racine believes
his office’s proposed agreement would promote the public interest.
“Rather than accepting this carefully negotiated and balanced
settlement agreement that we believe provided maximum benefits to district
residents, the PSC proposed alternative terms for the merger against the
opposition of the district and most parties involved,” Racine said. “The agreement that the mayor, our office, and the Office of
the People’s Counsel helped broker was the product of an arduous
negotiation process with the public interest in mind, but the PSC’s actions denied district residents the benefits of that process.”
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