Analysis of Exelon-Pepco Merger in Maryland

Maryland Office of People’s Counsel
Project completed June 2015

Synapse provided expert technical consulting services to the Maryland Office of the People's Counsel related to Exelon Corporation’s proposed acquisition of Pepco Holdings Incorporated. Specifically, Synapse reviewed the Joint Applicants' economic impact analysis and concerns regarding concentration of ownership, market power, and market manipulation in the wholesale electricity market. Synapse submitted testimony in the legal proceeding on behalf of the MD OPC. Synapse performed similar analysis related to the merger on behalf of clients in Delaware, New Jersey, and the District of Columbia.