Pepco officials are paying approximately $25 million each to Montgomery and Prince George’s counties to help fund energy efficiency and green energy programs.
The Thursday announcement came two months after company executives said they are requesting approval for a 10 percent utility rate increase in order to update infrastructure, which would cost the average utility rate pay an extra $15 per month.
Pepco spokesperson Vince Morris said the rate increase would have come regardless of the merger.
Montgomery County Executive Ike Leggett concurred, saying that even without the merger, Pepco would still have to raise rates to deal with their gaping infrastructure issues.
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