Public Service Commission of the District of Columbia Issues Notice of Agency Fund Requirements

Strategic Insights -

The Public Service Commission of the District of Columbia has issued a notice outlining the agency's fund requirements for a proceeding related to Potomac Electric Power Company's application for a multiyear rate plan. The commission estimates expenses of $60,000 for its regulatory responsibilities, including retention of legal consultants, photocopying, and messenger fees. Pepco, the applicant, will be assessed $60,000 in one installment if the assessment is approved.

Key Takeaways:

  • The Public Service Commission of the District of Columbia has issued a notice outlining its fund requirements for a proceeding related to Potomac Electric Power Company's application for a multiyear rate plan.
  • The commission estimates expenses of $60,000 for its regulatory responsibilities, including retention of legal consultants, photocopying, and messenger fees.
  • The estimated assessment to Pepco is $60,000, payable in one installment if the assessment is approved.
  • The commission has authorized the assessment under D.C Code § 34-912(a), which allows for expenses arising from investigations, valuations, and proceedings.
  • Pepco's proposed Multiyear Rate Plan would increase distribution rates by $190.7 million through 2026, with $6.18, $6.13, and $6.09 increases in monthly distribution rates for residential customers in 2024, 2025, and 2026, respectively.
  • The proposed return on common equity for Pepco under the MYP is 10.50%.

Statistics:

  • Estimated expenses for the commission's regulatory responsibilities: $60,000
  • Estimated assessment to Pepco: $60,000
  • Proposed increase in distribution rates by Pepco: $190.7 million
  • Monthly distribution rate increase for residential customers: $6.18, $6.13, and $6.09 for 2024, 2025, and 2026, respectively
  • Proposed return on common equity for Pepco: 10.50%

Sources:

  • Public Service Commission of the District of Columbia. NOTICE OF AGENCY FUND REQUIREMENTS. June 12, 2025.
  • Potomac Electric Power Company. Application of Potomac Electric Power Company for Authority to Implement a Multiyear Rate Plan for Electric Distribution Service in the District of Columbia. April 13, 2023.
  • District of Columbia Register. 70 D.C. Reg. 006728 - 006732 (May 5, 2023).
  • D.C. Code § 34-912(a).
  • 15 DCMR § 1401 (1986).