DC approves disputed Pepco rate increase in new approach to utility regulation
District of Columbia regulators on Friday approved Potomac Electric Power Company’s (Pepco) multi-year rate plan (MRP), authorizing the utility to recover $108.6 million through higher rates over three years, from 2020 to 2022. The plan includes performance incentive mechanisms (PIMs) intended to incentivize the utility to stay aligned with the district’s goal of reaching 100% renewable energy by 2032. The Public Service Commission (PSC) says the decision is a “first step in adopting an alternative form of regulation for Pepco.”