ROCKVILLE, Md. (AP) — Pepco says it plans to file for another rate increase this fall.
The CEO of the Washington-area utility made that announcement to investors Tuesday, just hours before customers lined up to criticize Pepco’s performance after severe storms earlier this summer. Some customers were without power for as long as a week.READ MORE: Man Shot & Killed In Northwest Baltimore, Police Say
A previous request for a rate increase was mostly denied by Maryland regulators. Pepco Holdings chief executive Joseph Rigby decried that decision during a conference call with investors, saying higher rates “will be crucial to continue the pace of investment in Maryland.”READ MORE: Charging Documents Say Evelyn Player Died Defending Herself, Police Found Suspect Through DNA
Petro has also requested a rate increase for its customers in the District of Columbia. Regulators are expected to rule on that request by next month.MORE NEWS: Baltimore Man, 62, Charged In Murder Of Evelyn Player
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