EXELON-PEPCO MERGER COULD STILL WIND
Exelon opposes renewal of wind subsidy
Aaron Nathans, August 29, 2014 (The News Journal)
“…Exelon owns such distribution utilities as PECO in Pennsylvania and BGE in Baltimore. It has filed papers to merge with Pepco Holdings Inc., owner of Delmarva Power in Delaware and Maryland, Pepco in Maryland and the District of Columbia, and Atlantic City Electric in New Jersey…[T]he largest operator of nuclear power plants in the United States, [Exelon] has been vocal in opposition to the Production Tax Credit, a subsidy to wind farm developers that drives down the cost of construction, and thus the cost of the power…The tax credit expired at the end of 2013, causing a flurry of wind development to beat the deadline. Wind industry supporters say there’s still a chance it will be belatedly renewed, and are lobbying to make it so…Exelon is the country’s 11th largest wind producer, with 1,300 megawatts of wind generation in 10 states. Still, this remains a small percentage of the company’s overall portfolio…[I]ts opposition to the tax credit made Exelon the first member to be expelled from AWEA…” click here for more
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