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Posted at 9:49 AM ET, 08/11/2010

Rate hike for Pepco's Md. customers

By Washington Post editors

Coming on the heels of last month's major power outages, customers are unlikely to feel good about this bit of news.

Pepco's Maryland residential customers will be paying about $1 more per month on average for their electric service after the state's Public Service Commission approved a lower rate hike than what the utility sought, The Gazette reports.

The rate increase of 2.3 percent overall — with residential customers paying 3.1 percent more — is expected to allow the utility to raise about $7.77 million over the next year. Pepco initially requested rate changes to raise more than $40 million.

Read the full story about Pepco's rate hike here.

By Washington Post editors  | August 11, 2010; 9:49 AM ET
Categories:  Maryland  
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