On July 20, we received decisions in both the Pepco and Delmarva Power distribution base rate cases in Maryland, which we found to be disappointing. A summary of the decisions can be found on Slides 4 and 5.For Pepco, the Commission approved an $18 million annual increase in electric distribution base rates based on a 9.31% return on equity, but directed Pepco to reduce the amount of the rate increase by the annual cost of certain energy advisory programs and seek recovery of these costs through the EmPower Maryland Program. This reduction is currently estimated at $1.5 million.
Pepco Holdings' CEO Discusses Q2 2012 Results - Earnings Call Transcript
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