Pepco's Updated Long-Range Plan: Key Takeaways and Statistics

Pepco, a prominent electricity supplier in the District of Columbia, has submitted an updated Long-Range Plan (LRP) to the Public Service Commission of the District of Columbia. The LRP outlines Pepco's strategic goals, investment plans, and financial projections for the next few years. The plan addresses key areas such as cost recovery, financial benchmarking, capital expenditures, and revenue requirements.

Key Takeaways:

• Pepco's updated LRP addresses four key areas as directed by the Commission: reflecting updated expenditures and cost recovery, providing relevant financial benchmarking, outlining capital expenditures aligned with long-term strategic goals, and reflecting revenue requirements to support planned investments.
• The LRP includes updated Operations and Maintenance (O&M) expense by FERC Account for CY 2025 and 2026, aligning with the total O&M expense presented in Order No. 22328.
• Pepco's capital expenditures are categorized into three areas: supporting District climate policy commitments, resiliency initiatives, and reliability initiatives that support a climate-ready grid.
• The LRP outlines how Pepco's investments align with long-term strategic goals, including District climate initiatives, and provides the latest Billing Determinants forecast for CY 2025 and 2026.
• Pepco's capital expenditures for CY 2025 and 2026 are updated in Exhibit 3, showing investments in various categories, including climate-related projects.

Statistics:

• Pepco's total O&M expense for CY 2025 is $XX, with a forecast of $XX for CY 2026.
• The company's capital expenditures for CY 2025 are $XX, with a forecast of $XX for CY 2026.
• Pepco's revenue requirements for the MRP period are authorized at $XX, ensuring adequate support for planned investments.
• The District's peak electricity demand is projected to increase by XX% from 2025 to 2026.
• Pepco's investments in climate-related projects for CY 2025 are valued at $XX, with a forecast of $XX for CY 2026.

Sources:

• Public Service Commission of the District of Columbia Order No. 22328
• Pepco's Updated Long-Range Plan (LRP) filing in Formal Case No. 1182
• Exhibit 1 - Updated Operations and Maintenance (O&M) expense by FERC Account
• Exhibit 2 - Financial Benchmarking at the Pepco District level
• Exhibit 3 - Capital Expenditures by Executive Category and Investment Tracking Number (ITN) for CY 2025 and 2026
• Exhibit 4 - Outline of Pepco's planned investments aligned with long-term strategic goals
• Exhibit 5 - Latest Billing Determinants forecast for CY 2025 and 2026