According to this news, “Pepco customers in Maryland would see a 2.5 percent increase in the rate they are charged for electricity distribution, under a request the utility filed last week with the state’s Public Service Commission. For example, residential customers who get standard offer service and use 1,000 kilowatt-hours per month would see an average $3.76 increase that would raise their monthly bill from $151.78 to $155.54, according to Pepco.”
On the rate hike, Crystal Kim, the director of a consumer advocacy group Justice First, “Our utility rates have doubled in the last five years. Since the 2005 Bush Administration, there has been a 30 percent increase in the electricity rates. This is double in the D.C. area, where the average bill is 100 percent more than it was five years ago.”
Early this month, PEPCO reported a decrease in first-quarter profit, citing higher Power Delivery operation and maintenance expense related to two severe winter storms that occurred in February 2010 as well as income tax adjustments of uncertain tax positions.
PEPCO will be having a hearing on the proposed rate hikes in place for the upcoming year. The hearing will be held on Thursday, May 20, at 6:30 pm in the College Park City Council Chambers. The public hearing notice is available here.
More news on the rate hike can be found on PEPCO’s official website here.