Maryland regulators rejected the bulk of Pepco’s $68 million request three weeks after a storm knocked out power to hundreds of thousands and led to widespread outrage over the length of time the utility took to restore electricity to its customers.
Regulators granted only $18 million of the request; for most of Pepco’s 531,000 Maryland residential customers, this translates into an average rate hike of $1.89 per month.
That increase may decrease if the Office of People’s Counsel has its way. In an Aug. 20 filing to the PSC, the office asked regulators to revisit a portion of their ruling that allows Pepco to recover costs for smart meters. It remains unclear how much the rate hike would drop.
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