Delmarva Power announces rate reductions

1131

Delmarva Power will pass along $26 million in tax savings onto its customers. The utility company filing plans yesterday to reduce utility rates for its customers. Delmarva Power says average customers will see about $3 knocked off their monthly bill, and possibly upwards of $4.60 during the winter heating months. Last month, Delaware directed the utility company to re-evaluate its need to increase rates in light of the new federal tax cuts.