For Immediate Release
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:
Pepco provides electric service to about 467,275 residential and commercial customers in Maryland.
Point of Contact:Camille Smith