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Public Service Commission Decision Due On Pepco 4% Rate Increase

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Credit: Chip Somodevilla/Getty Images

Credit: Chip Somodevilla/Getty Images

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ANNAPOLIS, Md. (CBSDC/AP) — Maryland regulators are scheduled to disclose their decision on Pepco’s request for a 4 percent rate increase.

The Public Service Commission has a Friday deadline to announce its decision.

Pepco, which serves Washington and suburban Maryland, has come under heavy criticism for prolonged delays in restoring power after severe storms, most recently after a strong storm hit Maryland late last month.

On Thursday, Maryland Rep. Chris Van Hollen announced he believes the rate increase request should be denied the 4 percent rate increase until the utility makes meaningful progress in reliability. Van Hollen said congressman said ratepayers should not be forced to compensate Pepco for power they never received because of a storm that hit Maryland on June 29.

Earlier this month, two state senators announced support for fining Pepco more than $100 million. Sen. Brian Frosh, D-Montgomery, and Sen. James Rosapepe say the money could be used to create a fund to hire more people to restore power lines after severe storms.

(TM and Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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