Pepco Seeking Rate Increase to Cover $41.4 Million in Improvements Made Last Year

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Title : Pepco Seeking Rate Increase to Cover $41.4 Million in Improvements Made Last Year
link : Pepco Seeking Rate Increase to Cover $41.4 Million in Improvements Made Last Year

news-today.world | 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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