Maryland OKs Pepco Rate Hike; Gives Less Than Utility Sought
WASHINGTON (AP) — The Maryland Public Service Commission has approved a rate hike for Pepco, which provides electricity to two suburban D.C. counties.
The commission issued an order Tuesday granting a revenue increase of $52.5 million to Pepco. The increase, which will add about $6.96, or 4.76 percent, to the average residential monthly bill, took effect on Tuesday.
Pepco had sought an increase of $126.8 million.
Pepco provides electricity to the District, and Prince George's and Montgomery counties in Maryland.
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