Dive Summary:
- A 15-member task force in D.C. recommends a $1 billion plan to bury power lines in the District of Columbia after widespread storm outages struck the capital last June.
- D.C’s electric service provider Pepco would put up 50% of the funds to finance this project and the District the other half.
- The interim multi-year plan would bury up to 60 high-voltage Pepco Holdings Inc. lines most affected by storms and overhead-related outages, said Mayor Vincent Gray in a statement. The District of Columbia's Public Service Commission has to approve the plan.
From the article:
“For residential customers, rate increases will start at about $1.50 per month. They will increase to a maximum of $3.25 after seven years, or about a 3.23 percent rise.”