Dive Summary:
- Pepco CEO announced to Tuesday that the utility will file for a rate increase once again in the fall.
- The Maryland Public Service Commission recently granted Pepco a $18.1 million rate increase when it had originally requested an increase of $68 million.
- Pepco was criticized this summer over extended power outages that customers suffered as a result of severe storms.
From the article:
Pepco says it plans to file for another rate increase this fall.
The CEO of the Washington-area utility made that announcement to investors Tuesday, just hours before customers lined up to criticize Pepco’s performance after severe storms earlier this summer. Some customers were without power for as long as a week. ...