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: Mayor Scott, US Department Of Housing And Urban Development Announces Plan To Address City Homelessness
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: Old Man & The Filly: Lukas Saddling Secret Oath In Preakness
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 Police Will Launch Initiative To Divert Non-Emergency Calls And Increase Patrols
(Copyright 2012 by The Associated Press. All Rights Reserved.)