Guggenheim Downgrades Exelon (EXC) to Neutral

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Go back to Guggenheim Downgrades Exelon (EXC) to Neutral

Exelon-Pepco Holdings Statement on Decision by the Public Service Commission of the District of Columbia

August 25, 2015 12:40 PM EDT

CHICAGO & WASHINGTON, D.C.--(BUSINESS WIRE)-- Exelon Corporation (NYSE: EXC) and Pepco Holdings Inc. (NYSE: POM) today issued the following statement in response to the Public Service Commission of the District of Columbias decision on the companies proposed merger.

We are disappointed with the Commissions decision and believe it fails to recognize the benefits of the merger to the District of Columbia and its residents and businesses. We continue to believe our proposal is in the public interest and provides direct immediate and long-term benefits to... More