PSC Approves Rate Hike For Pepco

The Maryland Public Service Commission has approved a rate increase for Potomac Electric Power Company that will add about $2.41 to the average residential customer's monthly bill.

The PSC, which ordered the increase Friday, said the $27.9 million increase is primarily for reliability investments. State regulators say the amount is substantially less than the company's request of $60.8 million.

Pepco also requested a $192 million grid resiliency charge, of which $24 million was granted.
More