Why Did Maryland PSC Reject Exelon's $213.6M Rate Plan?

Pepco has received the approval to hike its rates by $44.6 million for the upcoming year. This increment is a temporary measure while the state evaluates the potential advantages of implementing multi-year rate plans. This decision is pivotal as it affects both residential and business customers who rely on Pepco's services. As we keep an eye on this development, it's essential to consider the impact of such financial adjustments on the broader scale, especially in the context of promoting sustainable energy solutions in the future.