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Exelon to buy PEPCO—what's the deal?

Exelon to buy PEPCO—what's the deal?

The merger of PEPCO into Exelon, announced Wednesday, would consolidate some 2 million of Maryland's electric power customers under one company's control. If the $6.8 billion buyout goes through, Chicago-based Exelon will have about 10 million ratepayers, making it the biggest utility company in the U.S. The Sun covered the story here. The Washington Post here. Not covered anywhere is an analysis of the per-customer cost of the deal, and what the expected pay-back period would be for Exelon shareholders. At first glance, it looks like a 30-year plan. "This is a big acquisition price for essentially 2 million customers," says Tyson Slocum, who directs the...

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