Delmarva Power DE Customers to see Rate Reduction

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Customers of Delmarva Power will see a reduction in their rates.  This comes after a settlement Wednesday between the Delaware Public Service Commission and Division of the Public Advocate and Delmarva Power.  The electric utility initially requested a rate increase that included $31-million in distribution costs that would be passed on to customers.  A petition from the Public Advocate requesting a reduction in rates after the federal Tax Cuts & Jobs Act was enacted last fall was accepted by the DE Public Service Commission – the petition was also supported by public comment and a letter signed by 38 state lawmakers.  According to the settlement, Delmarva electric customers will see a more than $15 annual decrease in their electric costs rather than an increase of $65 per year.