Did you see the local NBC news story on electricity rate hikes?

[displacedtexan]

Last night, the news guy said that instead of a 72% rate hike,
we would see 15% this year and 16% hikes next year... But, to
get those rates, we would have to get some kind of deferral. Plus,
the whole thing would go into effect in the summer of 2007 (72% hike).

Did I understand that correctly? I was in the kitchen when the news
was on. It sounded like we would all have to pay the 72%, even after we
defer payment.

[northzax]

1. maryland, I think

Pepco rates went up last summer in DC (like 50%)

[madinmaryland]

2. Yes, you are going to pay one way or the other.

Either take the 72% in the beginning, or take the lower hikes plus a $15/monthly fee each month to borrow the money to pay for the increase. Either way, you will be paying for the increase.