Delmarva Power issues refunds
NEWARK, DEL. – Delmarva Power on Feb. 18 began issuing natural gas rate refunds to customers. 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.
In July 2013, following Delaware law, Delmarva Power implemented a temporary natural gas distribution rate increase of $10.5 million in Delaware while we awaited a final decision from the Delaware Public Service Commission (PSC) regarding our request to raise natural gas distribution rates.
In October 2013, the PSC approved a natural gas distribution rate increase of $6.8 million, which took effect on Nov 1, 2013. This refund is a result of the difference between the proposed rates implemented July 7, 2013, and the rates ultimately approved by the PSC on Oct. 22, 2013.
A much smaller percentage of customers will receive their refund in a check. These customers had active accounts between July 2013 and October 2013 but no longer have an active Delmarva Power electric account.
Find additional information by visiting www.delmarva.com, on Facebook at www.facebook.com/delmarvapower and on Twitter at www.twitter.com/delmarvaconnect. The mobile app is available at www.delmarva.com/mobileapp.