Delmarva Power asking for Maryland Rate Increase

Mar 29, 2013 -- 9:08pm

Delmarva Power is asking Maryland regulators to approve a $22.7 million rate increase on its customers.  The utility said today that the proposed base rate adjustment is needed to help pay for costs incurred in providing electrical service. Delmarva said the rate increase also includes about $6.5 million for costs associated with restoring power after storms last year, spread out over a five-year period.  If the rate increase is approved by the Maryland Public Service Commission, a residential customer using 1,000 kilowatt hours per month would pay an additional $7.74 per month, a 5.5 percent increase.  Last week, the utility asked Delaware regulators to approve a $42 million rate hike for electricity users in the First State. 

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