Exelon, Pepco reaffirm merger commitment after D.C. rejection

• Exelon (NASDAQ:EXC) and Pepco (POM) say they will continue to push their merger proposal after D.C. utility regulators rejected the $6.8B deal last week, arguing that it would offer long-term benefits to their customers and is in the public interest.
• The companies issue their joint statement in response to the D.C. Public Service Commission, which denied their application to merge and said it was not in the best interests of ratepayers.
• EXC +9.8% premarket.