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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.
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