Illinois-based utility corporation Exelon is acquiring Pepco. Why does this matter for affordable housing in Washington, D.C.? Millions of dollars for affordable housing could be at stake. In order to demonstrate that the merger is in the public interest, Exelon is offering to create a Customer Investment Fund with funding for energy assistance and energy efficiency investments to benefit D.C. residents. Exactly how these funds are to be used will be up to the D.C. Public Service Commission (PSC).
Housing& has joined the National Housing Trust in an effort to secure up to $19 million for efficiency improvements to D.C. affordable housing via the Exelon-Pepco merger. To accomplish this goal we must demonstrate strong support from the D.C. affordable housing community. Here are two ways you can help:
- Sign on to a letter to the D.C. City Council. NHT has drafted a letter to the D.C. City Council asking that they ensure that low-income renters benefit from the merger. Organizations that wish to sign on should let Todd Nedwick know by this Friday, November 21, 2014 by contacting him at tnedwick@nhtinc.org or 202-333-8931 x 128.
- Attend a community hearing to voice your support for investments in affordable housing. The D.C. PSC will hear comments from the public on Wednesday, December 17, 2014 at 6:00 p.m. Please contact Todd Nedwick if you’d like to attend at tnedwick@nhtinc.org or 202-333-8931 x 128.
Full hearing information:
December 17, 2014 – 6:00 p.m.
Public Service Commission of the District of Columbia
Hearing Room
1333 H Street, N.W., Suite 700
Washington, D.C. 20005
