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Saturday, February 26, 2011

What We Can Do About Pepco

Dear Friend:

Recently, I wrote to you about the large profits Pepco was earning as its outage performance was declining. With million of dollars per year in after-tax profit, Pepco does not need a rate increase to pay for system improvements.

Many of you asked: “What can be done to improve Pepco?” Pepco is regulated by the Maryland Public Service Commission (PSC) and Pepco’s status as a private company and its regulation by an appointed commission establish one central fact: no single elected official on the state or county level has the power to control its operations. But if we all work together, we can make a difference.