PEPCO PAYS $142 MILLION IN MARYLAND TAXES
Thursday, December 03, 1998
Pepco and its customers paid more than $142 million in taxes in 1997 to seven Maryland counties, dozens of municipalities in Prince George`s and Montgomery counties, and the state of Maryland. Next to the cost of fuel, taxes are the second highest component of a Pepco customer`s electric bill. Federal, state and local taxes currently account for about 18 percent of a Maryland customer`s bill.
Pepco was the single largest taxpayer in Prince George`s, Montgomery and Charles counties - the jurisdictions in which three of Pepco`s six power plants are located. These tax payments cover Pepco`s operating, real estate and personal property taxes as well as fuel/energy, gross receipts and sales and use taxes. These tax dollars contribute significantly to supporting public services in these jurisdictions. The following is a breakdown of the 1997 Maryland taxes paid:
| Property Taxes (total) | $ 67,215,845 |
| Prince George`s County | $ 31,425,000 |
| Montgomery County | 26,949,731 |
| Charles County | 7,509,166 |
| St. Mary`s County | 124,445 |
| Frederick County | 30,378 |
| Howard County | 304,623 |
| Calvert County | 168,949 |
| 25 Prince George`s County Municipalities | 599,418 |
| 3 Montgomery County Municipalities | 103,907 |
| County Fuel/Energy Taxes (total) | $ 37,558,181 |
| Prince George`s County | $ 22,099,270 |
| Montgomery County | 15,458,891 |
| Maryland Sales and Use Taxes | $ 16,910,030 |
| Maryland Gross Receipt Tax | $ 21,018,000 |
| GRAND TOTAL | $ 142,702,036 |
Pepco provides electric service to about 467,275 residential and commercial customers in Maryland.
Point of Contact:
Camille Smith
