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Pepco and Exelon promise jobs, fewer outages and ‘customer investment’ in Maryland if merger is approved

Staff Reporter- Washington Business Journal

Pepco Holdings Inc. and Exelon Corp. officials are promising Maryland residents will have fewer and shorter power outages, while the state nets up to 7,100 new jobs and $623 million in economic impact if regulators approve their proposed $6.8 billion merger.

The estimates include “direct, indirect and induced effects” of a proposed $40 million “customer investment fund,” as well as more reliable power service from Potomac Electric Power Co. and Delmarva Power & Light Co. They were produced by Susan F. Tierney, a senior adviser at Boston-based Analysis Group Inc., in a regulatory request filed Tuesday with the Maryland Public Service Commission.

Read full article here from Washington Business Journal

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