WASHINGTON – Your Pepco bill will go up, but keep this in mind: It could have been worse.
Pepco asked regulators for a rate increase of $60 million, but the Maryland Public Service Commission refused.
Instead, the PSC approved a partial increase of nearly $28 million.
In an order released today, the PSC said it would grant only what it found necessary to enable Pepco to continue — and even accelerate — its attempts to improve reliability.
Aside from the rate increase, the PSC OK’d something called the Grid Resiliency Charge, that will be tacked on to the rate increase over a period of three years, maxing out at an additional 27 cents per month.
Bottom line: As of today, your bill will go up by $2.41 a month.
Pepco’s response:
“We are very disappointed in the Commission’s decision on our rate adjustment request. We will need time to analyze the details before we can provide further comment, but we don’t feel this adequately supports our continued investments to improve service reliability for our customers in Maryland or our plans to respond to the governor’s recommendations to improve grid resiliency.”
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