Questions Over Latest Wrinkle in Deal to Let Exelon Take Over D.C.-Area Utility

first_img FacebookTwitterLinkedInEmailPrint分享Amy Poszywak for SNL:The path to approval for Exelon Corp.’s proposed acquisition of Pepco Holdings Inc., thought to be made clearer after a recent decision by District of Columbia regulators, was made murkier March 1.Mayor Muriel Bowser and People’s Counsel Sandra Mattavous-Frye separately announced they will not support PSC-suggested changes to a settlement agreement they and other parties had previously reached with the companies. A spokesperson for D.C., also a party to the agreement, separately said his office, too, is opposed to the PSC’s changes. The original settlement agreement, reached in October 2015, had essentially brought the proposed deal back to life after an initial PSC rejection of the transaction in late August 2015.The District of Columbia Public Service Commission on Feb. 26 voted to impose new conditions on the settlement agreement, giving signatories 14 days to accept the new conditions, at which point the deal could be approved without further action necessary by the commission. The parties were also allowed to file an alternative proposal, triggering a seven-day comment period on those alternatives.All three parties opposed to the PSC’s new conditions said the PSC’s proposed conditions remove rate protections in the settlement agreement geared toward residential customers.“From the start, we focused on affordability, reliability and sustainability. We pulled everyone together to negotiate an agreement that was a great deal for DC residents,” Mayor Bowser’s office said in a statement. “The Public Service Commission rejected an agreement that had the support of the Peoples Counsel, Attorney General, DC Water and others. The PSC’s counterproposal guts much-needed protections against rate increases for D.C. residents and assistance for low-income D.C. ratepayers. That is not a deal that I can support.”More specifically, Mattavous-Frye said the commission’s suggested changes to the agreement “eviscerates the benefits and protections essential to render the proposed merger in the public interest by making changes to the $25.6 million rate offset provision for residential customers, which was the single most critical provision I supported.”Full article ($): After step forward, opposition to Exelon/Pepco deal mounts Questions Over Latest Wrinkle in Deal to Let Exelon Take Over D.C.-Area Utilitylast_img read more

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Gunners complete Ozil deal

first_img Wenger was confident the 100million euro (£85.3m) switch of Gareth Bale to Real Madrid would set in place a “domino” effect, and thus allow the likes of Ozil to come on to the market as the clock ticked down towards the 11pm deadline. Ozil admitted he is looking forward to working underneath the Frenchman at the Emirates after becoming the second most expensive player in Barclays Premier League history. “I am thrilled to be joining a club of the stature of Arsenal and am looking forward to playing in the Premier League,” he said. “It will be great for my own personal development as a player and I am particularly looking forward to working with Arsene Wenger. “From our negotiations it is clear the club has huge ambition and I look forward to being part of an exciting future.” The Arsenal manager was delighted to have landed a player of such a high calibre. Speaking to the club’s official website, www.arsenal.com, Wenger said: “We are extremely pleased to have signed Mesut Ozil. He is a great player, with proven quality at both club and international level. We have watched and admired him for some time as he has all the attributes I look for in an Arsenal player. “I have said throughout the summer that we have been working hard to bring in top quality players to this football club. This has involved many, many people across the club and I have always had the full support of the club in making decisions on the football side. “Mesut is a top quality footballer who will be a fantastic addition to our talented squad. We are all looking forward to him joining up with us after his international matches with Germany and working with us as an Arsenal player.” Arsenal, who had been linked with Ozil’s Real Madrid team-mates Karim Benzema and Angel di Maria, are also understood to have made a bid to sign Chelsea forward Demba Ba on loan, although reports suggest the 28-year-old Senegalese will now stay at Stamford Bridge. Arsenal have responded well since they lost the opening Premier League game at home to Aston Villa, winning at Fulham and also securing a place in the group stages of the Champions League by beating Fenerbahce both at home and away. However, the need for getting in extra bodies was highlighted by the inclusion of youngsters Serge Gnabry and Gedion Zelalem, only 16, on the bench after Arsenal’s first-team squad had been decimated by injuries to key men like Lukas Podolski, Mikel Arteta and Alex Oxlade-Chamberlain. Ozil represents a player of the highest quality, which was Wenger’s pre-requisite for adding to the talent pool. Third-generation Turkish-German playmaker Ozil joined Real from Werder Bremen in 2010, and has played 155 times for the Spanish giants as well as progressing with the national team, where he is fast closing in on 50 caps en route towards the World Cup. With a frenetic final day expected for Arsenal, a season-long loan deal for Italy international Viviano was also confirmed as Wenger got his hands on a player he has admired for a while. “Viviano is a player that we have rated for some time and we are very pleased to have signed him on loan,” he said. “He’s experienced and has proved himself at a high level, and provides us with excellent cover to our existing goalkeepers.” The deal for Viviano also includes an option for the Gunners to make the move permanent. But the record-breaking deal for Ozil will have been the marquee signing the majority of Gunners fans have been calling for over the course of the summer. Press Association Arsenal have completed the signing of Germany midfielder Mesut Ozil in what is understood to be a club-record £43million move from Real Madrid. The 24-year-old sealed the 50million euros transfer on Monday having undergone a medical in Munich, where he is on international duty. Before Sunday’s 1-0 win over big-spending Tottenham, Gunners boss Arsene Wenger had seen moves for Gonzalo Higuain, Luis Suarez and Yohan Cabaye all fail to come off, but finally has been able to land a big-name signing following the free transfers of Yaya Sanogo and Mathieu Flamini and a loan move for Palermo goalkeeper Emiliano Viviano. last_img read more

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Crosstown showdown

first_imgFreshman forward Penelope Hocking has scored 12 goals this season and competes on the Under-20 Women’s National Team. (Emily Smith | Daily Trojan)The No. 2 women’s soccer team will face off No. 6 UCLA  Friday night at the StubHub Center, bringing a close to the regular Pac-12 season. After a win against No. 20 Colorado and a shutout tie against Utah, the Trojans are now 15-1-2 overall and 8-1-1 in conference play. USC will take a seven-game undefeated streak into the matchup. The 13-3-1 Bruins are coming off eight consecutive victories, the most recent being against Colorado. Sophomore attacker Ashley Sanchez played an integral role in both of the Bruins’ goals. After a Colorado foul early in the 19th minute, Sanchez launched a free kick to the left side, which helped create a scoring opportunity for redshirt junior midfielder Chloe Castaneda. The Bruins kept Colorado at bay, holding it to zero shots on goal and a 1-0 lead at the close of the half. Colorado came out strong in the second half, creating multiple scoring opportunities with a shot that hit the post in the 63rd minute and a narrowly missed free kick in the 64th. Buffs attacker Taylor Kornieck nailed a cross in front of the left post, scoring the tying goal and bringing the score to 1-1.In the 77th minute, UCLA’s Sanchez scored the game-winner when she stole the ball from a Colorado and launched it from close range past the Buffs keeper. Sanchez will be the main offensive player on the Trojans’ radar heading into the game on Friday. She leads the Bruins in all scoring categories with 23 points, 8 goals and seven assists. Sanchez has also either scored a goal or provided an assist in each of UCLA’s last eight games. The Trojans currently have a 398-minute streak going of keeping opponents scoreless, but the defense will need to be on high alert for the Bruins’ aggressive offensive plays. Sunday’s win also marked the fourth time in USC history that the team has marked 13 clean sheets in a season.  On the offensive end, the Trojans have outscored their opponents 46-7. Their goal differential of 39 leads the Pac-12 conference. Having outshot opponents 354-144 this year, the Trojans will need to continue working hard to control possession from the beginning in order to create scoring opportunities against the Bruins, whose goalies tail right behind redshirt sophomore Trojan keeper Kaylie Collins with a combined 41 saves. Four of the last five wins in a USC-UCLA matchup have gone to the Bruins, including the last two in a row. The last time the two teams faced off, the Bruins took the Trojans into overtime, with Sanchez scoring the winning goal in the 91st minute. The Trojans ended up tying the Bruins for a second-place finish in the Pac-12. UCLA leads the Crosstown Showdown series against USC with an all-time record of 24-6-1. The Trojans are tied at the top of the Pac-12 standings this season with No. 1 Stanford at 25 points each, while the Bruins follow close in second with 24 points. In addition to playing for a chance at the Pac-12 Conference title, both UCLA and USC head into the game vying for favorable seeding in the NCAA tournament. The Trojans are ahead of the Bruins coming in at second place on the most recent United Soccer Coaches NCAA Division I Women’s national poll with 828 total points and two first place votes, compared to the Bruins’ 679 points and sixth place ranking.  The Trojans will host the Bruins in the crosstown showdown at StubHub Center Friday at 7 p.m.last_img read more

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