87
      Sunday
      91 / 72
      Monday
      96 / 73
      Tuesday
      90 / 75

      Maryland Public Service Commission approves Pepco rate hike

      BALTIMORE (AP) - The Maryland Public Service Commission has approved an electricity rate hike for Pepco, but less than the utility requested.

      The PSC said in a statement on Wednesday that Pepco, which serves Washington and Prince George's and Montgomery counties in Maryland, had asked to increase its electric distribution rates by $37.4 million.

      The commission approved an increase of $8.75 million increase, saying it was enough to allow Pepco to improve its reliability.

      The PSC says the rate hike, which takes effect on Friday, will raise a typical residential customer's monthly bill by $0.93, or less than 1 percent.