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Delmarva Power & Light Files Update To Electric Rate Refund Plan
From Letter:
As set forth in Section III of the refund plan, Delmarva Power had tentatively scheduled refund processing to take place over the weekend of June 22, 2024. However, during testing, Delmarva Power encountered a functionality issue stemming from the increase in the assessment, under 26 Del. C. § 115(d)(2), from 0.003 (3 mills) to 0.004 (4 mills) multiplied by gross operating revenue, which became effective January 1, 2024. Delmarva Power is performing additional testing on this functionality and anticipates that the refund processing will take place in July 2024. The rate refund interest rate of 8.50% set forth in the refund plan will be applied.
Delmarva Power will continue to update the Commission on the status of the refund plan.
22-0897 (12/15/2022)
(In The Matter Of The Application Of Delmarva Power & Light Company For An Increase In Electric Base Rates)
