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DELMARVA POWER PROPOSES REDUCTION IN PRICE OF ELECTRICITY

       DELMARVA POWER PROPOSES REDUCTION IN PRICE OF ELECTRICITY
    WILMINGTON, Del., Nov. 1 /PRNewswire/ -- Delmarva Power (NYSE: DEW) submitted a proposal to the Delaware Public Service Commission yesterday asking to decrease the price of electricity to more than 231,000 customers in Delaware by lowering its fuel adjustment charge, it was announced today.
    If the proposed decrease is approved, the price of electricity for a residential customer using 750-kilowatt hours of electricity per month would drop from $66.21 to $64.75 per month -- a decrease of 2.2 percent, or $1.46 per month, effective Jan. 1, 1992.
    Delmarva Power does not profit from the fuel adjustment charge. Each autumn, the company is required to present the Public Service Commission with a proposed fuel adjustment charge for the upcoming year. To help customers budget their energy costs, the commission and the company try to establish a rate which is expected to remain constant for the entire year unless an unusual event occurs affecting the price or supply of fuel.  Any over- or under-collections are tabulated and reflected in the next year's charge.  The primary reason for the proposed fuel adjustment decrease is that current tabulations show the balance is currently in the customer's favor.
    /delval/
    -0-                           11/1/91
    /CONTACT:  Wallace C. Judd Jr. of Delmarva Power, 302-429-3595/
    (DEW) CO:  Delmarva Power and Light Company ST:  Delaware IN:  UTI SU: CC-MK -- PH029 -- 0279 11/01/91 14:03 EST
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Publication:PR Newswire
Date:Nov 1, 1991
Words:239
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