Public Service Commission of the District of Columbia Orders Pepco to Deposit $60,000 for Administrative Expenses

Strategic Insights -

The Public Service Commission of the District of Columbia has issued an order directing the Potomac Electric Power Company (Pepco) to deposit $60,000 to cover the Commission's administrative expenses related to a pending proceeding. The order, issued on June 20, 2025, requires Pepco to make the payment via ACH/wire transfer within five days and submit a confirmation email to the Commission with specific details. The Commission's jurisdictional valuation of Pepco's assets is $3,302.9 million, and the proposed assessment of $60,000 will not exceed the statutory millage limit.

Key Takeaways:

  • The Public Service Commission of the District of Columbia has ordered Pepco to deposit $60,000 to cover the Commission's administrative expenses, including legal consultants' fees, photocopying, and messenger fees.
  • Pepco was initially requested to increase distribution rates by $190.7 million through its proposed Multiyear Rate Plan (MYP) for the years 2024-2026.
  • The Commission's jurisdictional valuation of Pepco's assets is $3,302.9 million, and the proposed assessment of $60,000 will not exceed the statutory millage limit.
  • The Commission assessed Pepco $1,025,000 in Formal Case No. 1176, and the additional $60,000 will not exceed the maximum individual rate case assessment of $8.257 million.
  • Pepco must provide confirmation of the ACH/wire transfer payment to the Commission within 24 hours, including details such as case number, company name, PSC order number, and wire transfer amount.
  • The Commission's Agency Fund Requirements of $60,000 are proposed to cover costs of retaining legal consultants and other administrative expenses.

Statistics:

  • The Public Service Commission of the District of Columbia has ordered Pepco to deposit $60,000.
  • Pepco's proposed Multiyear Rate Plan (MYP) would increase monthly distribution rates by approximately $6.18 in 2024, $6.13 in 2025, and $6.09 in 2026.
  • The Commission's jurisdictional valuation of Pepco's assets is $3,302.9 million.
  • The proposed assessment of $60,000 will not exceed the statutory millage limit, with a maximum individual rate case assessment of $8.257 million.
  • The Commission assessed Pepco $1,025,000 in Formal Case No. 1176.

Sources:

  • PUBLIC SERVICE COMMISSION OF THE DISTRICT OF COLUMBIA, 1325 G STREET, N.W., SUITE 800, WASHINGTON, D.C. 20005, ORDER, June 20, 2025, Formal Case No. 1176, In the Matter of the Application of Potomac Electric Power Company for Authority to Implement a Multiyear Rate Plan for Electric Distribution Service in the District of Columbia, Order No. 22444.
  • 70 D.C. Reg. 006728 - 006732 (May 5, 2023).