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Potomac Electric Power Co. says merger delays are costing it money and it's asking the Maryland Public Service Commission to approve a rate increase.
PEPCO says savings achieved from its proposed merger with Baltimore Gas and Electric Co. would have absorbed the increased costs. The merger would form Constellation Energy.
The rate increase would be only for the utility's Maryland customers.
"Due to the delay of our pending merger, we remain a 'standalone' company, faced with certain cost increases that have not been offset by savings that the merger would produce," said Dennis Wrasse, PEPCO senior vice president and CFO.
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