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Commission Issues Order On Pepco’s Application For A Multi-Year Rate Plan
From Order:
[ *** ] ORDERED: (1) that the Multi-Year Rate Application filed by Potomac Electric Power Company on May 16, 2023 (as supplemented by the Company over the course of this proceeding), seeking an increase in its electric distribution rates of $117.2 million for the twelve months ending March 31, 2025, $160.5 million for the twelve months ending March 31, 2026, $193.2 million for the twelve months ending March 31, 2027, and $213.6 million for the proposed nine-month extension period ending December 31, 2027, is hereby denied, as discussed in the body of this Order; (2) that Pepco is hereby authorized to increase its Maryland electric distribution rates by no more than the amounts provided in Appendix A, labeled “Commission Approved Revenue Requirements” for service rendered on or after June 10, 2024, consistent with the findings in this Order; (3) that Pepco’s Smart Inverter Program is approved as a pilot and the Company is directed to work with the Commission’s PC 44 work group to explore the impact of smart inverter technology; (4) that Pepco is directed to file tariffs in compliance with this Order with the effective dates prescribed herein, subject to acceptance by the Commission; and (5) that any motions or requests not granted herein are deemed denied.
Order (07/10/2024)
Appendix A
Appendix B
9702 (05/16/2023)
(Potomac Electric Power Company’s Application For Adjustments To Its Retail Rates For The Distribution Of Electric Energy)
