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Wednesday, April 20, 2016

Month after merger, Pepco seeks Md. rate increase

WASHINGTON — Less than a month after Exelon Corporation completed its $6.8 billion acquisition of Pepco Holdings Inc., Pepco is seeking a rate hike for customers in Maryland.

Pepco filed its request with the Maryland Public Service Commission Tuesday. The public utility seeks a 10 percent rate increase for its 560,000 customers in Prince George’s and Montgomery counties. If approved, the average customer’s bill would go up by $15.80 per month.

Pepco says it will use the rate increase to extend a grid-resiliency program in Maryland. If approved, it would mean $127 million in additional revenue for Pepco.

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9 comments:

Anonymous said...

unreal.

Anonymous said...

What do you expect when you have a monopoly... It is just like the health care law, they force you to buy insurance or pay a fine, and of course each raises in cost, either the fine or the health care provided...

That is how stupid you clowns are, you can't see it coming when people are slapping you in the face... You want to run your mouth about how crazy or conspiracy someone is, yet they have proven to be correct each time, one would think you would learn form mistakes but that is how stupid you people are...

I am surprised you can even breathe on your own...

Anonymous said...

when a merger happens Nothing should be allowed like this for 3 years.

Anonymous said...

if only they would keep their increases to MoCo and PGCo - they can afford it, right?

Anonymous said...

you also need to look at what the epa is doing to the coal industry, remember what Obama said before he was elected about energy pricing and now that the coal industry has been choked look at what is happening

Anonymous said...

So they give you $50 and then take away $15/month. Hogan tell them to pound sand!

Anonymous said...

Those areas already had Pepco, nothing to do with the merger.

Anonymous said...

No surprise. And it's no surprise that our elected leaders allowed it to happen. How much money did they get from Pepco and Exelon to make it happen?

Republicans do share some blame in this. Somehow, Republican voters have been convinced to vote for policies that hurt them -- like the unabated rash of corporate mergers -- all because Republican candidates appeal to them on social issues. Then nothing gets done on the social issues -- do you see abortion or gay marriage going away? -- but we get repeatedly screwed by business, which is who Republican candidates actually support.

Anonymous said...

sad