Potomac Electric Power Company, a subsidiary of Pepco Holdings, Inc., awaits an order from the District of Columbia Public Service Commission consistent with the Internal Revenue Service’s position on divested assets.
In June 2000, the DCPSC approved a divestiture settlement under…
The New Jersey Board of Public Utilities-approved adjustments to Atlantic City Electric Co.’s Non Utility Generation Charge (NGC) and the Societal Benefits Charge (SBC) will result in an overall rate decrease of approximately US$117.3 million over the period June 1,…
Conectiv, a wholly owned subsidiary of Pepco Holdings, Inc., continues to protest the disallowance of its “like-kind exchange” transaction to the U.S. Office of Appeals of the Internal Revenue Service.
In 2001, Conectiv and certain of its subsidiaries (the Conectiv…
Delmarva Power & Light Company, a subsidiary of Pepco Holdings, Inc., is in discussions with A&N Electric Cooperative to resolve a dispute in the final true-up amounts for the sale of a retail electric distribution business.
In January 2008, DPL completed:
(1)…
The Maryland Public Service Commission, on July 18, 2008, denied any further adjustment to the rates for Pepco Holdings, Inc.’s subsidiaries, Delmarva Power & Light Company and Potomac Electric Power Company.
In July 2007, the MPSC issued orders in the electric…
Pepco Holdings, Inc. is evaluating the Internal Revenue Service’s settlement offer relating to its lease-in/lease-out (LILO) and sale-in/lease-out (SILO) transactions.
In the second quarter of 2008, a U.S. Court of Appeals upheld a lower court decision relating to a LILO transaction…
Pepco Holdings, Inc. expects the final settlement amount to be less than US$121 million based on the terms U.S. Office of Appeals of the Internal Revenue Service’s June 2008 proposal regarding mixed service cost issues.
During 2001, Pepco, DPL, and ACE…
Atlantic City Electric Co., a subsidiary of Pepco Holdings, Inc., continues to be involved in an arbitration proceeding by RC Cape May Holdings, LLC, an affiliate of Rockland Capital Energy Investments, LLC, against Citgo Asphalt Refining Co.
On Feb. 8,…
Potomac Electric Power Company, a subsidiary of Pepco Holdings, Inc., awaits an order from the Maryland Public Service Commission consistent with the Internal Revenue Service’s position on divested assets.
Pepco filed its divestiture proceeds plan application with the MPSC in…
Pepco Holdings, Inc. is in the early stages of discussions with the U.S. Office of Appeals of the Internal Revenue Service regarding its cross-border energy lease investments.
In 2005, the Treasury Department and IRS issued Notice 2005-13 identifying sale-leaseback transactions with…