[Md-sligo] FW: Council President Roger Berliner On Pepco Proposed Rate Hike: "No Way. No How"

Tue Aug 29 17:20:02 UTC 2017

Council President Roger Berliner

On Pepco Proposed Rate Hike:

"No Way. No How"

Maryland's Public Service Commission to hold

public hearing on rate increase request

Wednesday at Council Office Building in Rockville

ROCKVILLE, Md., August 29, 2017-Montgomery County Council President Roger Berliner on Wednesday will submit testimony to the state's Public Service Commission (PSC) opposing the latest $68 million rate increase request by Pepco. According to Berliner, Pepco's request to increase rates by $7 a month is "not justified. No way. No how."

Berliner, who also serves as Chair of the Council's Transportation, Infrastructure, Energy & Environment Committee, argues that Pepco is requesting a rate of return that is too high, is seeking permission to recover costs of system improvements that have not yet been made, and "most importantly", failed to meet its 2016 reliability commitments that the company agreed to as a condition of approval of its merger with Exelon.

"A deal is a deal. Pepco did not do what it pledged to do and what the PSC ordered it to do. It should face financial consequences for failing to honor its commitment," Berliner said. "Instead, the company has requested extraordinary rate treatment, rate treatment contrary to fundamental ratemaking principles. Pepco is not entitled to extraordinary treatment. Far from it."

The PSC is expected to rule on Pepco's rate hike request this fall. On Wednesday, at 6:30 p.m. in the Third Floor Hearing Room of the Montgomery County Council Office Building, the PSC will hold a public hearing on the rate increase request. The Montgomery County Council Office Building is located at 100 Maryland Avenue in Rockville.

Berliner's complete testimony can be viewed at: http://tinyurl.com/yan2c8ox<https://na01.safelinks.protection.outlook.com/?url=http%3A%2F%2Flinks.govdelivery.com%3A80%2Ftrack%3Ftype%3Dclick%26enid%3DZWFzPTEmbXNpZD0mYXVpZD0mbWFpbGluZ2lkPTIwMTcwODI5Ljc3NDcwNzIxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE3MDgyOS43NzQ3MDcyMSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE2ODQzNzQ4JmVtYWlsaWQ9eWFzbWluLnJleWF6dWRkaW5AbW9udGdvbWVyeWNvdW50eW1kLmdvdiZ1c2VyaWQ9eWFzbWluLnJleWF6dWRkaW5AbW9udGdvbWVyeWNvdW50eW1kLmdvdiZ0YXJnZXRpZD0mZmw9Jm12aWQ9JmV4dHJhPSYmJg%3D%3D%26%26%26100%26%26%26http%3A%2F%2Ftinyurl.com%2Fyan2c8ox&data=01%7C01%7Cyasmin.reyazuddin%40montgomerycountymd.gov%7Cf81e94eb45a244a9289b08d4ef01b650%7C6e01b1f9b1e54073ac97778069a0ad64%7C1&sdata=kx53sBJiZA12lpG6rdI3P9FYcdaExdj9sY15Pzv%2BDmY%3D&reserved=0>

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Contact:
Sonya Healy
240-777-7926, Sonya.Healy at montgomerycountymd.gov

Additional Contact:
Delphine Harriston
240-777-7931, Delphine.Harriston at montgomerycountymd.gov

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