Delmarva Power eyes higher electricity, natural gas rates

utility bills elp august 2 elp

DOVER, Del. (AP) — Delmarva Power is asking Delaware utility regulators to approve increases in its electricity and natural gas rates.

The company is seeking approval to recover $24.4 million in electricity infrastructure investments and $12.9 million in natural gas infrastructure investments.

Delmarva says that if the requests are approved, a typical electric residential customer's monthly bill would increase by $4.38, or roughly 4 percent. A typical gas residential customer's monthly bill would increase by $3.75, or about 10 percent.

The requests were included on the agenda for Tuesday afternoon's meeting of the Delaware Public Service Commission.

Delmarva is asking the commission to approve interim rate increases of $2.5 million annually while the regulatory panel studies the larger rate hikes.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs