Mon June 23, 2014
Delmarva Power Infrustructure Investment Questioned
Delaware’s Public Service Commission says Delmarva Power should roll back some its plans for reliability investments.
The power company has said it was planning to spend $397 million over the five years to upgrade its infrastructure.
But the Wilmington News Journal reports that the PSC staff believes this could be achieved with a lower investment.
In May of last year the Commission began an investigation into whether Delmarva Power’s plans fit the needs of its customers.
The report released on Friday found that much of the infrastructure was still “relatively young in terms of its asset life.”
Delmarva Power said that it would review the report and continue to coordinate with the commission.
The public comment period will be open until July 17.
The commission staff is expected to seek approval of its report at a meeting on August 5th.