Pepco Rates Going Up
PSC doesn't approve full increase
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Pepco rates will be going up for D.C. customers, but not as much as the power company wants.
The Public Service Commission approved a $19.8 million increase in distribution rates Tuesday -- that's well below the $44.5 million that Pepco had requested.
According to the commission, the hike will be offset by a recent cut in supply rates, making the overall average increase between $1.30 to $2.30 a month.
The commission's decision can be appealed. If it takes effect, customers would see the higher rates at the end of March.
The next NBC Washington PNC Bank Community Shred is scheduled for June 16, 2012.
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