D.C. People's Counsel appeals Pepco-Exelon merger

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The District’s Office of the People’s Counsel is taking its opposition to the $7.1 billion merger of Pepco Holdings Inc. and the Chicago-based Exelon Corp. (NYSE: EXC) to court. The D.C. Public Service Commission, which on March 23 approved the merger and about $78 million in various incentives after a contentious months-long back-and-forth between supporters and opponents, had previously rejected a People’s Counsel request to reconsider its decision. In a strongly worded statement issued Friday,…