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economic impact

At the beginning of this month, the EPA set a new national standard for ozone, nudging the maximum allowable concentration down from 75 to 70 parts per billion (ppb). Industry backlash to the ozone standard continues a long tradition of opposing regulation on the grounds that it is too expensive, despite almost 20 years of rebuttal that shows that estimated costs of federal regulations are overblown.

The proposed merger between Exelon Corporation and Pepco Holdings Incorporated (PHI) will likely be rejected after the District of Columbia Public Service Commission denied the petition on August 27, ruling that the $6.4 billion transaction is not in the public interest.