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Hagerstown staff outline proposed retail rate increase and options for wholesale power contract
Summary
City staff and consultant presented a make‑whole filing proposal to the Maryland Public Service Commission to restore an approved 4.26% rate of return and reviewed bids and timing options for the wholesale power contract that expires Dec. 31, 2026.
City of Hagerstown electric department staff and consultant Francesca Winter of GDS Associates briefed the Mayor and City Council on Oct. 21 on two linked issues: a planned filing with the Maryland Public Service Commission (PSC) to recover an approved rate of return and options the city is considering to secure wholesale power for the utility’s supply contract expiring Dec. 31, 2026.
Francesca Winter and Nathan Bridal said audited fiscal year 2024 results show the Hagerstown Light Department (HLD) is not earning the 4.26% rate of return approved in the 2024 rate case. Staff and the consultant plan a “make‑whole” filing with the PSC in November to update revenue requirements using FY2024…
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