Pepco, Exelon maintain deal

NEW YORK: Pepco Holdings Inc, which is awaiting regulatory approval from Washington DC for its acquisition by Exelon Corp, said the two utilities have not extended the deadline to close the deal, but were in talks with state authorities.

Pepco's statement on Friday comes a week before a deadline set by Washington's Public Service Commission for the companies to accept the revisions it has proposed as conditions for approving the deal.

The commission on Feb. 26 gave the two companies until March 11 to accept its proposed conditions. But, Washington's mayor and the city's Office of the People's Counsel on Tuesday rejected the proposed changes.