Delmarva Power Issues Natural Gas Rate Refund - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Delmarva Power Issues Natural Gas Rate Refund

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(Photo: MGN) (Photo: MGN)

NEWARK, Del.– Delmarva Power this week began issuing natural gas rate refunds to its Delaware customers. The utility said the refund, which will include interest paid to the customer, is a result of the most recent natural gas rate case settlement in October 2013.

Delmarva Power said that in July 2013, following state law, the utility implemented a temporary natural gas distribution rate increase of $10.5 million in Delaware while it awaited a final decision from the Delaware Public Service Commission regarding its request to raise natural gas distribution rates.

In October, the PSC approved a natural gas distribution rate increase of $6.8 million, which took effect on Nov 1. This refund is a result of the difference between the proposed rates implemented July 7, and the rates ultimately approved by the PSC on Oct. 22.

A much smaller percentage of customers will receive their refund in a check. These customers had active accounts between July and October but no longer have an active Delmarva Power electric account.

For more information go to www.delmarva.com.
 

 

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