Delmarva Power Issues Natural Gas Rate Refund
Friday, February 21, 2014
NEWARK, Del. – On February 18, 2014 Delmarva Power began issuing natural gas rate refunds to customers. The refund, which will include interest paid to the customer, is a result of the most recent natural gas rate case settlement in October 2013.
In July 2013, pursuant to Delaware law, Delmarva Power implemented a temporary natural gas distribution rate increase of $10.5 million in Delaware while it awaited a final decision from the Delaware Public Service Commission (PSC) regarding its request to raise natural gas distribution rates.
In October 2013, the PSC approved a natural gas distribution rate increase of $6.8 million, which took effect on November 1, 2013. This refund is a result of the difference between the proposed rates implemented on July 7, 2013 and the rates ultimately approved by the PSC on October 22, 2013.
A much smaller percentage of customers will receive their refund in a check. These customers had active accounts between July 2013 and October 2013 but no longer have an active Delmarva Power electric account.