PEPCO HOLDINGS: ACE Applies for Rate Adjustment in New Jersey

Pepco Holdings, Inc. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that on Feb. 20, 2009, Atlantic City Electric Co. (ACE) filed an application with the New Jersey Board of Public…

DELMARVA POWER: Aims To Finalize IRS Settlement on Service Costs

Delmarva Power & Light Company, during the second quarter, reached a tentative settlement with the Internal Revenue Service concerning the treatment of mixed service costs for income tax purposes during the period 2001 to 2004.

During 2001, the Company, Potomac…

PEPCO HOLDINGS: NJBPU-Approved Adjustments Cause $117M Rate Drop

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,…

PEPCO HOLDINGS: ACE Involved in RC Cape May Arbitration v. Citgo

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,…