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Delmarva Power, regulators agree on rate proposal

Delmarva Power, regulators agree on rate proposal

WILMINGTON, DEL. - Delaware regulators have backed a plan from Delmarva Power that would cause lower-usage customers to take on higher increases on their bills than those who used more electricity.

The utility announced a settlement on Friday with the Public Service Commission staff and the Division of the Public Advocate to support the proposal. The move is part of Delmarva's proposal to increase delivery rates.

Plans call for giving each customer their own flat delivery fee tied to their summer 2008 usage, and a 3.7 percent permanent increase in customers' total bill.

Under the agreement, rate increases and decreases would be capped for the very smallest and largest electricity users.

The plan still requires the Public Service Commission's approval.