Advertisement

State approves electric rate hike for Williamsport

March 12, 2012|By DAVE McMILLION | davem@herald-mail.com

The State of Maryland has approved nearly all of a retail electricity rate increase requested by the Town of Williamsport, a town council member said during Monday night’s council meeting.

Some people opposed the rate hike even though customers' overall rates will decrease, town officials have said.The town requested a 9.91 percent rate increase that would have generated an additional $173, 815 for the town.

The Maryland Public Service Commission approved an increase that will generate an additional $167,218, which represents 96 percent of what the town was asking for, council member James Kalbfleisch said.

The PSC also required the town to lower its late payment fee of 3 percent to match a state code, Kalbfleisch said.

Advertisement

He said he was not sure what the new late payment fee will be.

The town anticipates the new rates will take effect with the April billing, Kalbfleisch said.Customers' overall electric rates will decrease because the town received a cut in its wholesale rate — the rate the town pays to buy power for its customers — that was larger than the proposed rate hike.

Williamsport officials said the town has not increased its electric rates in more than 32 years and has posted losses in its electrical system in the past three years.

The Herald-Mail Articles
|
|
|