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Metro Briefs: Officials contest Pepco's $68 million rate request

On January 1, 2012

  • Leggett and county officials contested Pepco’s rate increase request.

ROCKVILLE, Md., December 21, 2011—Montgomery County Executive Isiah Leggett and County Council President Roger Berliner said the County will "vigorously contest" Pepco's recent request for a $68 million rate increase.

 Leggett and Council President Berliner said in a joint statement that Pepco's request is "not a nice holiday gift, but more like coal in our county's holiday stocking."

 They went on to say the following: "Based on our initial review of the 1,000-page filing, we have concluded that the rate request is flawed in many respects, including these three major issues:

While pitched as only a 4 percent increase, this is spin, not reality. In truth, Pepco's request, when considering only its distribution costs, may be more than double that amount.

Pepco seeks full recovery of all forecasted reliability related expenditures. The county's position is that shareholders should bear a portion of actual expenditures to increase reliability given Pepco's imprudence in the past.

Pepco is seeking an increase in its allowed rate of return. The county's position is that Pepco's rate of return should be reduced, not increased."

Both leaders said that a number of these issues have been awaiting decision since August by the Maryland Public Service Commission in its investigation of Pepco's reliability. The investigation was initiated by the Commission at the request of the County Council.

"It is time for the Commission to keep faith with Montgomery County residents," said Leggett and Berliner said "by holding Pepco financially accountable for its failure to honor its fundamental public utility obligation to provide reliable power."   

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