DC Water Statement on Revised Pepco-Exelon Merger Settlement Agreement
After careful consideration and consultation with the DC Water Board of Directors, CEO and General Manager George S. Hawkins announced today that DC Water will not support the revised Pepco-Exelon merger settlement agreement proposed by the Public Service Commission. DC Water has concluded the alternative terms in the revised agreement provide substantially less benefit to the Authoritys ratepayers than the negotiated settlement reached last October. DC Water will continue to seek opportunities to expand both green energy and green jobs, and we look forward to working with the District and other partners to advance those goals.
###
About DC Water
The District of Columbia Water and Sewer Authority (DC Water), is an industry leading multi-jurisdictional regional utility that provides drinking water and wastewater collection and treatment for millions of visitors, residents and employees in the District of Columbia, and also collects and treats wastewater for a population of 1.6 million in Montgomery and Prince Georges counties in Maryland and Fairfax and Loudoun counties in Virginia.
DC Waters service area covers approximately 725 square miles and the enterprise operates the worlds largest advanced wastewater treatment plant with a capacity of 384 million gallons per day and a peak capacity of 780 million gallons per day. Blue Plains is also a model in sustainability, with anaerobic digesters burning sludge for combined heat and electricity and plans for green infrastructure on an unprecedented scale to reduce combined sewer overflows.
