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Wednesday, July 25, 2012

Pepco Warns Service Will Suffer Under Md. Rate Ruling

Lawmakers say company's reaction disappointing but not surprising

Pepco warned Tuesday that its reliability -- heavily criticized after a storm last month left thousands of customers without power for days in scorching heat -- will suffer without the higher rate increases that it requested from Maryland regulators.

The Maryland Public Service Commission, or PSC, approved $18 million of the company's requested $68 million rate hike, pointing to Pepco's poor performance over the last several years. Even so, residents will pay an average $2.02 more a month for their electricity.

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1 comment:

  1. AnonymousJuly 26, 2012 at 6:24 AM

    Interesting too that after Glendennings agreement years ago with the power companies that Ehrlich actually fought the democrats to fix O'Malley comes in, puts one of his cronies in charge of the PSC and gives him a $60K a year raise.

    Yup, one party state. Aren't you dems just loving it?

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