Power Regulators Mull Long-Term Rate Hike

Tuesday, Oct 8, 2013  |  Updated 5:01 AM EDT
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Power Regulators Mull Long-Term Rate Hike

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Delmarva Power is asking Delaware utility regulators to open a docket on the company's proposal for a long-term rate plan.

Delmarva Power last week proposed a plan that would set rates through 2017.

The plan would replace a pending rate case Delmarva Power filed in March. Both plans were to be discussed at Tuesday's Public Service Commission meeting in Dover.

Delmarva says the long-term plan would result in a lower- than-authorized rate of return for the company, and that extending the period between rate filings would save regulatory filing costs.

If approved, the long-term plan would replace the pending rate case. A typical residential customer would pay about $2.40 more per month over the four years.

Delmarva says the long-term plan will help customers budget for rate increases.

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