Rate reduction for Delmarva Power customers
The staff of the Delaware Public Service Commission and the Division of the Public Advocate are in the final phase of getting a rate reduction of 6.85 million dollars for Delmarva Power customers.
According to the Delaware Division of the Public Advocate, the settlement resolves a pending rate increase request from Delmarva that initially included 31 million dollars in costs to be passed on to customers.
The petition has been supported by 38 Delaware state legislators led by representatives John Kowalko and Kimberly Williams.
"We had petitioned a public service commission in January and had a lot of support, including a letter signed by 38 state legislators led by representatives and that really lowered it," said Delaware Public Advocate, Drew Slator.
According to Slator, customers will see a more than 15 dollar annual decrease in their electric costs within 60 days after a final settlement approval.