WASHINGTON, D. C. – Attorney General Karl A. Racine released the below statement in response to today’s decision by the District’s Public Service Commission (PSC) to deny reconsideration of its March 23 approval of the merger between Pepco Holdings and Exelon:

“My office has a mandate to act in the public interest of District residents, and the merger currently approved by the Public Service Commission between Pepco and Exelon does not meet this critical standard. The only plan that sufficiently protects residential, including low-income, ratepayers is the plan originally approved last fall by our office, the People’s Counsel and the Mayor’s office,” said Attorney General Racine. “Our office is disappointed that the PSC denied our motion to reconsider its decision and, after further review, we will determine whether to challenge the PSC’s order.”