June 12, 2014
County Files Brief against Pepco’s Latest Rate Increase Request
The utility has requested a distribution rate increase of $37.4 million, an approximately 2.8% increase for the typical residential customer total bill. The County has concluded that Pepco has a revenue surplus, or excess earnings, and that the rates should be reduced by $1.5 million.
Pepco has also requested an increase in their Rate of Return to 7.92%. The County supports a 7.31% Rate of Return.
Due in part to past aggressive County opposition, $50 million in PEPCO increase requests were rejected by the Maryland Public Service Commission in 2013.
See a copy of the County’s brief.