Pepco MD to raise rates by summer

Posted on February 2, 2010. Filed under: Uncategorized |

Pepco has appealed to the Maryland Public Service Commission asking to increase residential electricity rates by 2.5 percent.  This rate increase would equate to roughly $4 on a $150 bill.   The rate increase would take effect in July 2010, but must gain the Commissions approval before taking effect.

Pepco says the increase in rates is needed in order to protect against power outages as demand across the region continues to increase.  Pepco plans to invest the potential $40 million in extra annual profit in new technologies such as automatic circuit breakers — which restart electricity in powerless neighborhoods before Pepco can arrive on scene — and preassembled aerial cables, which can withstand inclement weather and weighty tree limbs far longer than regular cables.

If the new rates are approved, it would be the third time in 12 years that Pepco has petitioned for an increase in Maryland’s distribution rates.  Distribution rates account for the cost of power delivery but exclude the price of energy itself.

… What better time than now to make the switch to Clean Currents to lock in our lower rates.


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One Response to “Pepco MD to raise rates by summer”

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Why does PEPCO need a rate increase? can they justify rates that are five times as much as other jurisdictions when over 90% of their power is from “cheap” subsidized nuclear and coal?

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