FEBRUARY 24, 2015
Prescott Lovern, Sr. (Lovern) has confirmed that EXELON Shareholders have been intentionally, and illegally, kept in the dark about HUNDREDS OF BILLIONS of DOLLARS in statutory liability PEPCO has connected to “Customer Deposits,” going back many years. PEPCO HOLDINGS, INC. has hundreds of billions $$$$$ in statutory, undisclosed liability that will bankrupt PEPCO & EXELON. High ranking District of Columbia (D.C.) officials, including inside the D.C. Public Service Commission (PSC), Mayor’s Office and Attorney General’s Office, are intentionally covering-up the illegal conduct because District Officials have been participating in federal felonies, based on precedent U.S. Supreme Court opinions. Lovern gave PSC lawyers the opportunity to dispute the allegations with binding case law but they could NOT, and they refused to put in writing that Lovern is wrong.
The Federal Energy Regulatory Commission (FERC) is also covering up the illegal conduct throughout PEPCO’s service areas, along with all other PEPCO state regulators who are also participating in the federal felonies. FERC and the D.C. – PSC have both approved the merger.
EXELON Shareholders have no idea their Directors have approved a deal that is equivalent to monetary, shareholder equity suicide, as PEPCO’s statutory liability [fines] will bankrupt PEPCO & EXELON. Executives and lawyers at EXELON are also covering-up this massive criminal enterprise that includes federal racketeering because EXELON’s ComED & BGE are engaged in the same illegal conduct.