The Maryland Public Service Commission (PSC) has rejected a proposal by Exelon subsidiary Potomac Electric Power Co. for a $213.6 million revenue increase over four years. The decision is expected to increase Pepco’s electric rates for the average residential customer in Maryland by $5.72 a month, or 3.5%. The PSC also ruled that Pepco could have a $44.6m rate hike for a year, down from the $117.2m sought in the first year. The proposal was opposed by the Maryland Office of People’s Counsel, which argued that multi-year rate plans benefit utilities but hurt customers. The PSP had approved four previous multi-generational rate plans for Excelon utilities in the state, including one for Pepco, but said it wanted to assess the results of Baltimore Gas & Electric’s pilot plan before making any final determination on the appropriate approach to ratemaking.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
