Business & Finance

Press Releases

Atlantic City Electric to Refund Customers $113.46 Because of Merger

43492820b614d51883b1_AC_Electric.jpg
Credits: Atlantic City Electric File Photo
43492820b614d51883b1_AC_Electric.jpg

MAYS LANDING, NJ Good news comes from Atlantic City Electric this week. On Moneday the company announced that their  customers this month and into May will see a  $113.16 credit on their monthly bill,.  The company claims that this will be the first of many benefits they will receive as part of the merger completed last month between Exelon and Pepco Holdings, Inc., the parent company of Atlantic City Electric.

The credits will be automatically applied to each household’s bill as part of a broader package of benefits that will make energy more affordable for Atlantic City Electric customers as a direct result of the merger. The credits are applied to the bill balance and will be reflected on each customer’s bill.

“This is only the start of the benefits customers will see as a result of the merger,” said Vincent Maione, Atlantic City Electric region president. “In addition to financial benefits to customers such as this one, the merger includes commitments to improve service and reliability for everyone as well as a commitment to sustain our level of giving to non-profits for the next 10 years,” Maione added.

Sign Up for E-News

For more information about the Exelon Rate Credit, visit atlanticcityelectric.com/billcredit or call 1-800-642-3780.

The company claims that other merger benefits for Atlantic City Electric customers will include:

$15 million in energy efficiency programs
Improved reliability performance through

  o   Vegetation management

  o   Feeder and substation automation improvements

  o   Customer service improvements

  • Honor and maintain our commitment to supplier diversity
  • Maintain, enhance and promote programs that provide assistance to low income customers
  • Maintain our annual charitable contributions and local community support of at least $709,000 for the next 10 years

Exelon and Pepco Holdings completed their merger transaction on March 23, following the approval of the merger by the Public Service Commission of the District of Columbia. The merger has brought together Exelon’s three electric and gas utilities — BGE, ComEd and PECO — and Pepco Holdings’ three electric and gas utilities — Atlantic City Electric, Delmarva Power and Pepco — to create the leading mid-Atlantic electric and gas utility company.

 

TAP Into Another Town's News:

Sign Up for E-News

Stafford/LBI

Upcoming Events

Carousel_image_f5e964e36b5835bce7f8_st_francis_community_center

Mon, June 4

St. Francis Community Center, Long Beach Township

St. Francis Community Center Summer Activities ...

Other

Thu, June 7, 7:00 PM

Long Beach Island Foundation of the Arts and Sciences, Loveladies

10th Annual Lighthouse international Film ...

Arts & Entertainment Other

Fri, June 8, 7:00 PM

Long Beach Island Foundation of the Arts and Sciences, Loveladies

10th Annual Lighthouse international Film ...

Arts & Entertainment Other

TAPinto Featured Franchisee: Steve Lenox of TAPinto Paterson

This week's feature will focus on TAPinto Paterson's franchisee, Steve Lenox. Find out how the current owner of a public affairs firm went from a former State Director for Senator Frank Lautenberg to a proud TAPinto franchisee for New Jersey's third largest city.

 

Q. When did you join TAPinto.net?

I joined TAPinto.net in September, ...