Potomac

Plans for $2.1B Potomac-Appalachian Transmission Highline Shelved

The Potomac-Appalachian Transmission Highline (PATH), a 765-kV electric transmission project planned to run between West Virginia and Frederick, MD, has been shelved in the wake of a PJM Interconnection analysis, which cited “the outlook for a slower economic recovery.”

March 2, 2011

Washington Gas Reports Outage During Record Demand

Extreme cold sent demand to record levels Tuesday in Washington Gas Light’s service territory, and the company said some of its equipment in Potomac, MD, failed under the stress of high usage, leaving about 660 customers without gas for about 24 hours.

February 8, 2007

Pepco, Mirant Reach $520M Settlement to Resolve Litigation

Potomac Electric Power Co. (Pepco) and Mirant Corp. have reached a proposed settlement of all litigation between the companies arising from Mirant’s 2003 bankruptcy and related matters.

June 5, 2006

Industry Brief

Transcontinental Gas Pipe Line Corp. said it executed precedent agreements for the Potomac Expansion Project with Washington Gas Light Co., Baltimore Gas and Electric and Columbia Gas of Virginia to transport a total of 165,000 Dth/d of gas from receipt points with Pine Needle LNG and East Tennessee Natural Gas in North Carolina to delivery points in Northern Virginia and Maryland beginning as early as November 2007.

November 4, 2005

Delaware Regulators Sign Off on PEPCO-Conectiv Merger

The proposed merger between Potomac Electric Power Co. and Conectiv came one step closer to becoming a reality last Tuesday after the Delaware Public Service Commission (PSC) voted to approve the transaction.

March 25, 2002

Pepco-Conectiv Merger Becomes Reality

Rumors last week about a potential marriage between Mid-Atlanticutilities Potomac Electric Power and Conectiv turned out to be onthe money. The two companies announced yesterday that Pepco willbuy Conectiv for a combination of cash and stock valued at $2.2billion or $25/CIV share, a 19% premium compared to Friday’s close.

February 13, 2001

Pepco Eyes Conectiv, WSJ Reports

Officials at Potomac Electric Power Co. (Pepco) would notconfirm nor deny a report in The Wall Street Journal last week thatPepco has made an offer to buy Delaware-based Conectiv Inc. for $2billion in cash and stock. A spokesman said it might be a good ideato check back with the Washington, D.C.-based utility this week.The Journal reported the deal would be announced within a few days.

February 12, 2001

Pepco Eyes Conectiv, WSJ Reports

Officials at Potomac Electric Power Co. (Pepco) would notconfirm nor deny a report in The Wall Street Journal yesterday thatPepco has made an offer to buy Delaware-based Conectiv Inc. for $2billion in cash and stock. A spokesman said it might be a good ideato check back with the Washington, D.C.-based utility next week.The Journal reported the deal would be announced within a few days.

February 9, 2001

Pepco Challenges MD Marketer Ruling

Washington D.C.-based Potomac Electric Power Company (Pepco) isseeking a stay in a lower court in Maryland of a July 1 orderissued by state regulators, which restricts the businessrelationship between in-state electric and gas utilities and theirnon-regulated subsidiaries.

July 25, 2000

Pepco Preps for Competitive Power Market in D.C.

Potomac Electric Power Co.’s (Pepco) strategy of getting out ofpower generation, focusing on its wires and distribution businessesand emphasizing its non-regulated side is in full swing, says theutility’s top executive.

February 7, 2000
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