As Pepco is asking for an electricity rate increase, Montgomery County thinks Maryland regulators should drop the utility’s rates.
On top of the $27.9 million rate hike that went into effect last July, Pepco has asked the Maryland Public Service Commission for $43.3 million more, which would add $4.80 to the average customer’s monthly bill. However, since filing the case Pepco reduced its request to $37.4 million.
Montgomery County believes Pepco has a revenue surplus or excess earnings and should actually reduce, not increase, its rates for customers by $1.5 million. Exactly how much a $1.5 million rate decrease would reduce an average customer’s monthly bill is unclear.
“There’s money to burn there,” county spokesman Patrick Lacefield said.
Myra Oppel, regional communications vice president for Pepco Holdings Inc., said Pepco believes a rate reduction would be unlikely given the “level of investments we have made on behalf of our customers.”
Montgomery is not the only agency to argue the PSC should drop Pepco’s rates. Maryland’s Office of People’s Counsel in a filing on May 22 said the utility’s rates should decrease by $5.127 million.