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Pepco Holdings and Exelon Close Merger Following Approval by the Public Service Commission of the District of Columbia

March 23, 2016 5:48 PM EDT

Companies to deliver hundreds of millions of dollars in merger benefits to customers and communities

WASHINGTON & CHICAGO--(BUSINESS WIRE)-- Exelon Corporation (NYSE: EXC) and Pepco Holdings Inc. (NYSE: POM) today announced that the two companies have completed their merger transaction, effective today. The announcement follows the approval of the merger by the Public Service Commission of the District of Columbia (DC PSC) earlier today.

The merger brings together Exelons three electric and gas utilities BGE, ComEd and PECO and Pepco Holdings three electric and gas... More