Pepco “Climate Ready Pathway” Multiyear Rate Plan (CY 2024-2026) – FC 1176

Current Status

The DCPSC will convene three community hearings in this rate case on the following dates/locations:

      Wednesday, March 27, 2024
      5:30pm
      Bellevue/William O. Lockridge Library
      115 Atlantic Street SW
      Washington, DC 20032
    

      Tuesday, April 2, 2024
      5:30pm
      Lamond-Riggs/Lillian J. Huff Library
      5401 South Dakota Avenue NE
      Washington, DC 20032
    

      Wednesday, April 3, 2023
      5:30pm (Hybrid in-person/virtual)
      Public Service Commission of the 
      District of Columbia Hearing Room
      1325 G St NW, Suite 800
      Washington, DC 20005
    

Individuals wishing to testify at the hearings should contact the Commission Secretary by 5pm three business days prior to the date of the hearing via email or by calling (202) 626-5150.

Overview

Pepco filed an application on April 13, 2023, for approval to increase rates through the implementation of a new Multiyear Rate Plan (MRP), also referred to as the “Climate Ready Pathway,” for its electric distribution service in the District of Columbia for the years 2024 through 2026. The Commission published a Public Notice of the Pepco application in the D.C. Register on May 5, 2023.

If fully approved by the DCPSC, a residential customer on the Standard Offer Service (SOS) rate using an average of 614 kWh per month would see a total monthly bill increase on average for each year of the MRP as follows:

Pepco is requesting a cumulative rate increase of $190.7 million in base distribution revenue based on a return on equity of 10.50% for the investments it intends to make from 2024 to 2026.

Procedural schedule

The DCPSC will follow the schedule below for FC 1176. The Commission may modify, update, or otherwise edit this schedule through additional orders throughout the rate case.