May 27, 2010

Pepco clarifies massive rate hike goes to Montgomery County

A Higher County Energy Tax Will Appear on Residential and Commercial Electric Bills
Washington , D.C . – Today, Montgomery County passed a measure assessing a significant increase in the energy tax that Pepco is required to collect through customer’s electric bills. Monies generated by the tax increase will go to Montgomery County - not Pepco.

Currently there is a line item on the Pepco bill that is identified as “Montgomery County Energy Tax.” By reviewing the most current Pepco bill, customers can gauge how this increase specifically impacts their account. Pepco believes that customers can lessen the impact of this tax increase on their overall bill by moderating their electric usage. “We remain committed to actively promoting our numerous “Blueprint for the Future” energy efficiency programs approved by the Maryland Public Service Commission to assist our customers in managing energy costs, said Thomas H. Graham, President, Pepco Region.

Pepco, a subsidiary of Pepco Holdings, Inc. (NYSE: POM), delivers safe, reliable and affordable electric service to more than 778,000 customers in Maryland and the District of Columbia. SOURCE: Pepco

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