For Immediate Release
In March 2013, Delmarva Power filed for an electric base rate increase with the
Delaware Public Service Commission (PSC).
In October 2013, pursuant to Delaware law, Delmarva Power implemented a
temporary electric base rate increase of $27.65 million in Delaware while it
awaited a final decision from the PSC regarding its request to raise electric
In April 2014, the
PSC approved an electric base rate increase of $15.09 million, which took
effect on May 1, 2014. The difference
between rates implemented on October 22, 2013 and rates approved on April 2,
2014 will be refunded to eligible Delmarva Power Delaware customers, beginning
September 2014. The refund amount paid
to customers will include interest.
A much smaller
percentage of customers will receive their refund in the form of a check. These
customers had active accounts between October 2013 and April 2014 but no longer
have an active Delmarva Power electric account.
Some customers, because of their electric usage levels, will not receive