Mayor Bowser’s Exelon Settlement: A Bad Deal for DC
Mayor Bowser is touting her recent backroom deal to sell PEPCO to energy giant Exelon. But what’s really in the deal she signed? Let’s check the facts.
ON FUNDING TO D.C.
BOWSER & EXELON CLAIM: “The new agreement increases Exelon’s originally proposed investment in the District from $14 million to $78 million.” |
THE FACTS SAY:
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ON ELECTRICITY RATE INCREASES
BOWSER & EXELON CLAIM: “[R]esidents will not have to pay for any rate increases until 2019. Exelon will immediately distribute $14 million among residential customers…resulting in a one-time credit of approximately $50 for the average ratepayer.” |
THE FACTS SAY:
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ON JOBS FOR D.C.
BOWSER & EXELON CLAIM: “Exelon and PEPCO will relocate 100 positions to the District of Columbia from locations outside of DC. In addition, PEPCO will hire at least 102 union workers in the District…” |
THE FACTS SAY:
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ON ELECTRIC SERVICE RELIABILITY
BOWSER & EXELON CLAIM: “The settlement sets higher requirements for PEPCO to increase reliability of service by reducing the frequency and duration of power outages |
THE FACTS SAY:
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ON SUPPORT FOR LOCAL CHARITIES
BOWSER & EXELON CLAIM: “Under the settlement, Exelon has increased its commitment for continuing PEPCO’s support for the local community. In addition to the $78 million settlement, PEPCO will maintain $1.9 million in annual charitable giving. |
THE FACTS SAY:
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ON CLEAN ENERGY & SUSTAINABILITY
BOWSER & EXELON CLAIM: “The agreement also supports the District’s goal to become a more sustainable city by creating new investments in solar and wind power, energy efficiency programs, and green infrastructure initiatives.” |
THE FACTS SAY:
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