Pepco is seeking another rate increase just months after Maryland regulators approved another increase to customers' bills.
Pepco is asking the Maryland Public Service Commission for a rate adjustment of $60.8 million.
If the PSC approves the full amount, the typical customer would pay an extra $7.13 a month. Pepco is also seeking a three-year "grid resiliency surcharge," which would add another $0.96 to bills per month in the first year with small increases to follow, according to Pepco.
The rate increase is to cover part of what's needed to improve the utility's infrastructure and to implement "cost-effective distribution technologies" and provide a reasonable rate of return for investors. The surcharge would cover tree trimming and to begin bringing overhead distribution feeders underground, according to Friday's filing with the PSC.
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Good to see all those solar farms are paying off.... NOT!
ReplyDeleteMORE fees, fines, surcharges. Everywhere. Across the board. A "return for investors"? Add THAT one to the list. The middle class is screwed. Maybe voting will help.....muhahahahaha....
ReplyDeleteAnd how many millions of dollars did the CEO make last year?
ReplyDeleteNo doubt the grid needs to be improved and no surprise consumers will be the ones to pay for it, not the utility company.
ReplyDeletei think you spelled it wrong, isn't it POOPCO?
ReplyDelete