Pepco customers in Maryland will still see their electric bills go up, but by far less than the utility had requested after state regulators rejected more than half of the utility’s proposed rate increase last week.
The Maryland Public Service Commission authorized a Pepco revenue increase of $50.9 million, less than half the $119.8 million the utility had originally requested, according to a commission news release. The new rates went into effect Friday.
Pepco said it will work with regulators on affordability, reliability and growth of energy…