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Delmarva Power eyes higher electricity, natural gas rates

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(AP) — Delmarva Power is asking Delaware utility regulators to approve increases in its electricity and natural gas rates.

The company is seeking approval to recover $24.4 million in electricity infrastructure investments and $12.9 million in natural gas infrastructure investments.

Delmarva says that if the requests are approved, a typical electric residential customer’s monthly bill would increase by $4.38, or roughly 4 percent. A typical gas residential customer’s monthly bill would increase by $3.75, or about 10 percent.

The requests were included on the agenda for Tuesday afternoon’s meeting of the Delaware Public Service Commission.

Delmarva is asking the commission to approve interim rate increases of $2.5 million annually while the regulatory panel studies the larger rate hikes.

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