By Brian Farrell
EEI has seen several membership changes and additions in recent weeks. On April 30, Exelon announced its intent to merge with Pepco Holdings. This would bring together Exelon’s electric and natural gas utilities – BGE, ComEd and PECO – with Pepco Holdings' utilities – Atlantic City Electric, Delmarva Power and Pepco. The three PHI subsidiaries will maintain their names and local headquarters. The merger will take about a year to complete, so no action is required yet on our part. Exelon, already the largest U.S. utility by revenue, will also become the largest by customer count upon completion of the merger.
Also on April 30, MidAmerican Energy Holdings Company changed its name to Berkshire Hathaway Energy, reflecting its ownership by the Berkshire Hathaway conglomerate. This name change (and email extension change to @berkshirehathawayco.com) affects the MidAmerican Energy Holding Company, but not company utility subsidiaries such as MidAmerican Energy Company, NV Energy, and PacifiCorp. Member Relations staff will change the name and emails in NetForum. Please change the company name or email extension of any contact you have at the parent holding company. (Berkshire Hathaway Energy has also announced plans to acquire EEI International Affiliate AltaLink, a transmission business based in Calgary, Canada. As always, the merger will require certain regulatory approvals, and therefore will not be completed until later this year. At this time no action is required on our part.)
We are also very pleased to welcome two new U.S. electric company members to EEI. The first, Liberty Utilities, operates a wide range of electric, water, and natural gas utilities across the U.S., including approximately 50,000 electric customers in New Hampshire (formerly Granite State Utilities/National Grid), and another 50,000 electric customers near Lake Tahoe (formerly customers of Sierra Pacific). The second, InfraREIT-Sharyland, is an unusual combination. The Real Estate Investment Trust InfraREIT Capital Partners owns the relevant electric assets (a small electric distribution company in southern Texas and some transmission lines in northern Texas), and Sharyland Utilities operates the assets. At their request, we are treating them as one company, InfraREIT-Sharyland. Member Relations staff will add these two companies to NetForum and the website; please feel free to add individuals from these companies to your lists and committees as appropriate.
As always, please contact Member Relations if you have questions.