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Commission Issues Order Approving Pepco’s Proposed Schedule Provisions Applying True-Up Mechanism To Underground Rider
Re: In The Matter Of The Applications For Approval Of Biennial Underground Infrastructure Improvement Projects Plans And Financing Orders
From Order:
By this Order, the Public Service Commission of the District of Columbia (“Commission”) approves the Request of the Potomac Electric Power Company (“Pepco” or “Company”) for Approval of Pepco’s Proposed Schedule Provisions Applying the True-up Mechanism to the Underground Rider (“UG Rider”)1. [ *** ]
1 Formal Case No. 1168, In the Matter of the Applications for Approval of Biennial Underground Infrastructure Improvement Projects Plans and Financing Orders (“Formal Case No. 1168”), Application of the Potomac Electric Power Company for Approval of Schedule Provisions Applying the True-up Mechanism to the Underground Rider, filed March 1, 2024 (“Pepco’s UG Rider Request”). The Underground Rider is an annually adjusted rider to the electric company’s volumetric distribution service rates paid by all distribution service customers of the electric company (except residential aid discount (“RAD”) customers) for its recovery of an amount equal to the aggregate of the DDOT Underground Electric Company Infrastructure Improvement Costs. D.C. Code § 34- 1311.01(42A).
