Maryland PSC to Hold Two Public Hearings
for Pepco Rate Case Settlement
The Maryland Public Service Commission will hold two public hearings this month on a settlement agreement that would result in the Potomac Electric Power Company (Pepco) lowering its electric distribution rates by $15 million. Pepco serves approximately 566,000 customers in Montgomery and Prince George’s counties.
After filing an application in early January 2018 for a $41.4 million rate increase, Pepco subsequently modified its request after considering the impacts of the federal corporate income tax reform enacted in late 2017. On April 12, 2018, Pepco notified the Commission that a settlement had been reached in the case among the utility, the Commission’s Technical Staff, the Office of People’s Counsel, Montgomery County, the City of Gaithersburg and others. As a result of federal income tax reform and the settlement agreement, the company now requests a rate decrease of $15 million. Under the terms of the proposed settlement, the one-time $9.7 million bill credit to return tax savings from the beginning of this year will be approximately $10.09 per residential customer.
Members of the public who wish to comment on the matter may attend one or both of the public hearings, scheduled as follows:
Monday, May 14, 2018 at 6:30 p.m.
Prince George’s Community College
Largo Student Center, Rennie Forum
301 Largo Road, Largo, Maryland
Tuesday, May 22, 2018 at 6:30 p.m.
Montgomery County Executive Office Building, First Floor Auditorium
101 Monroe Street, Rockville, Maryland
Filings in the case can be viewed or downloaded in the electronic docket for Case No. 9472 on the Commission’s website, www.psc.state.md.us.
Check out our Sustainable Energy Programs
Please visit Sustainable Energy Program website to learn more about the County’s clean energy efforts including the TNI Clean Energy Grant Program and Energy Star Certification & Green Leasing Grant Program.
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