Settlement Halves Rate Relief for Delmarva Power

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Almost exactly a year after it was granted a nearly $40 million rate increase, an electric utility, Delmarva Power & Light Company, has received permission from the Maryland Public Service Commission to raise its rates by a further $13.4 million. The latest increase, which was memorialized in a settlement, represents only about half of the utility’s initial request for a little more than $27 million in additional revenues.

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