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: DPL in Talks with A&N Over Final True-up Amounts

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)…

PEPCO HOLDINGS: Md. PSC Denies Further Rates Adjustment in July

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: Expects $121M IRS Mixed Cost Issues Settlement

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…