Delmarva Power issues rate refund

In December 2011, Delmarva Power filed for an electric distribution rate increase with the Delaware Public Service Commission. On July 3, 2012, pursuant to Delaware law, Delmarva Power implemented a temporary electric distribution rate increase of $24.8 million in Delaware while it awaited a final decision from the PSC regarding its request to raise distribution rates.

In December 2012, the PSC approved an electric distribution rate increase of $22 million, which took effect Jan. 1, 2013. An estimated $2.8 million difference between rates implemented and rates approved from July 2012 through December 2012 will be refunded to Delmarva Power’s Delaware customers. The refund amount will include interest paid to the customer.

The typical residential customer who uses 1000 kWh hours of electricity a month should expect to see an average rate refund of $3.42, including interest. Customer refunds are issued as a bill credit and started Feb. 19.

A much smaller percentage of customers will receive their refunds by check. These customers had active accounts between July 2012 and December 2012 but no longer have active Delmarva Power electric accounts.