Delmarva Power to issue customer refunds
In March 2013, Delmarva Power filed for an electric base rate increase with the Delaware Public Service Commission. In October 2013, pursuant to Delaware law, Delmarva Power implemented a temporary electric base rate increase of $27.65 million in Delaware while it awaited a final decision from the PSC regarding its request to raise electric base rates.
In April, the PSC approved an electric base rate increase of $15.09 million, which took effect May 1. The difference between rates implemented Oct. 22, 2013, and rates approved April 2 will be refunded to eligible Delmarva Power Delaware customers, beginning this month. The refund amount paid to customers will include interest.
A much smaller percentage of customers will receive their refund in the form of a check. These customers had active accounts between October, 2013 and April, 2014 but no longer have an active Delmarva Power electric account. Some customers, because of their electric usage levels, will not receive a refund.