Pepco is asking the Maryland Public Service Commission for a rate increase that would add $5.14 to an average consumer’s bill, the company said Tuesday.
The rate increase covers $41.4 million for work done in 2017. The company spent about $222.9 million in the year, said Donna Cooper, Pepco region president, in a conference call with reporters.
The utility spent the money to improve safety, reliability and customer service through replacing and improving aging equipment and installing advanced equipment to automatically identify and isolate issues and automatically restore service to customers, according to a Pepco news release.
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6 comments:
Do what other companies do...plow your profits back into your infrastructure and equipment.
They have been granted monopoly power. They abuse it.
You can't stop cheering the ones who have made that not only possible but regular.
The hanging list grows ever longer.
Was this to install wind and solar energy that doesn't make any economic sense? The hell with them . The rates are already too high!
They didn't spend it on me.(us)
Was only s matter of time. Big buy big increase
That's why I sold my house and moved out of their area.
In most businesses this cost is paid for by the company profits, upgrades is the cost of any normal business, yet utilities can willy nilly ask the customers to pay for this by increasing rates but once the cost is recouped the rate increase stays in place then with other improvements another increase, never ever a rate reduction once the cost are recouped!!
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