For Immediate Release
WASHINGTON - Pepco, a subsidiary of PHI Holdings, Inc., today asked the District of Columbia Public Service Commission (DCPSC) to authorize an increase in delivery rates. If approved, the change would add about 6.1 percent to monthly residential electric bills, effective in the first quarter of 2010. The typical bill for a Standard Offer Service residential customer using 750 kilowatt-hours a month would increase by $6.43, moving the typical monthly bill from $106.26 to $112.69.The proposed $51.7 million increase reflects rising costs required to provide customers with safe and reliable electric service. Factors include higher cost of capital, improvements to the electric system, increased pension expenses and general inflation."Pepco remains committed to controlling its operations and maintenance costs," said Thomas Graham, President, Pepco region. "We are seeking this rate adjustment to help cover the rising cost of maintaining and improving our electric delivery system."Delivery rates cover the cost of continuing to provide District of Columbia Pepco customers with safe and reliable service, investment in new electric system technology and improving service capabilities to keep pace with growth and increasing customer demand.
Pepco, a subsidiary of Pepco Holdings, Inc. (NYSE: POM), delivers safe, reliable and affordable electric service to more than 750,000 customers in Maryland and the District of Columbia.