dailyloe.com – Pepco is seeking regulatory approval for a new electricity delivery rate increase in Maryland. The utility serves over 600,000 customers in Montgomery and Prince George’s counties. State regulators will hold virtual public hearings on April 14 and 17.
The company states it needs more revenue for critical infrastructure projects. These include upgrading substations and replacing old underground cables. The goal is to improve reliability and prevent future power outages.
If approved, the average residential bill would rise by $11.73 monthly. This change would likely take effect starting in August. The Maryland Public Service Commission must decide by August 10.
Pepco is a subsidiary of the larger energy company Exelon. The proposed hike is for delivery charges, not the electricity supply itself. Customers can voice their opinions directly to the commission during the scheduled hearings.[]
Source: WTOP
