Delaware Regulators Mull Delmarva Power Rate Plan - 47 ABC - Delmarva's Choice

Delaware Regulators Mull Delmarva Power Rate Plan

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DOVER, Del. (AP) - 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.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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