IEPNJ successfully achieved advantageous settlement provisions in the Exelon/Pepco merger.
In September 2014, IEPNJ was granted intervenor status in the Exelon/Pepco merger proceeding to ensure that any merger settlement protects New Jersey’s wholesale generation market. IEPNJ’s motion focused on the potential competitive effects of the merger.
IEPNJ was an active participant to assure that Exelon/Pepco provides no preferential treatment (i.e., informational, financial or other) to its own generation or its development plans.
On January 7, 2015, Exelon and Pepco reached a settlement with New Jersey Board of Public Utilities (BPU) Staff and IEPNJ, which was accepted by the BPU on February 11, 2015. Through its participation in the proceeding, IEPNJ was able to achieve significant protections for competition in the wholesale power market.
Specifically, Exelon has agreed to adhere to the BPU’s competitive Basic Generation Service process, allow for third-party engineering of Facility Studies in the PJM interconnect process, and fully separate its distribution operations at ACE from any merchant or competitive function.