Delmarva Power issues natural gas rate refund

February 24, 2014

Delmarva Power began issuing natural gas rate refunds to customers Feb. 18. The refund, which will include interest paid to the customer, is a result of the most recent natural gas rate case settlement in October 2013.

In July 2013, following Delaware law, Delmarva Power implemented a temporary natural gas distribution rate increase of $10.5 million in Delaware while awaiting a final decision from the Delaware Public Service Commission regarding its request to raise natural gas distribution rates.

In October 2013, the PSC approved a natural gas distribution rate increase of $6.8 million, which took effect Nov. 1, 2013. This refund is a result of the difference between the proposed rates implemented July 7, 2013, and the rates ultimately approved by the PSC Oct. 22, 2013.

A much smaller percentage of customers will receive their refund in a check. These customers had active accounts between July 2013 and October 2013 but no longer have an active Delmarva Power electric account.

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