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Pepco witness: Maryland meter inventory about 3.5% of customers; long lead times push new orders into 2026
Summary
In testimony in PSC case 9655, Pepco witness David Vosvic said Pepco-Maryland carries roughly 3.5% meter inventory and continues to face long supply-chain lead times that require ordering meters 18 months in advance.
David Vosvic, a Pepco witness testifying in the Public Service Commission case No. 9655, told the hearing that Pepco-Maryland carries roughly 3.5% of its meter requirement as on‑hand inventory and that meter orders now face long lead times.
"Of the approximately 600,000 Pepco, Maryland customers ... it represents 3 and a half percent, of the inventory level that we carry for Pepco, Maryland," Vosvic said on the record during live rejoinder. He added that supply‑chain disruptions after the COVID‑19 pandemic have extended lead times: "we have to order meters 18 months in advance. So, for example, to put it into perspective, if I were to order 10,000 meters today, we would not see those meters to start to arrive until the fourth quarter of 2026."
Why it matters: Meter inventory levels and procurement timing are material to Pepco's capital plan and rate‑year cost reconciliations because meter purchases are capital expenditures that affect ratepayer recovery in PSC proceedings. If meter lead times force earlier ordering or larger buffer stocks, that can shift spend into the rate year under review.
Supporting details: Vosvic placed the inventory level in the context of Pepco‑Maryland's customer base and the company's stated target ranges, saying inventory targets historically fall in a range "of 2 and a half to 4% inventory levels." During questioning he confirmed corrections to his prefiled testimony and that the public and confidential versions were admitted as exhibits by the hearing officer.
Context and limits: Vosvic's remarks were delivered during live testimony and rejoinder and were offered in response to adversary witnesses' claims about documentation of meter inventories and orders. The hearing record shows the company asserting supply constraints and long lead times; the transcript does not include an independent audit of inventory or procurement contracts.
Next steps: The PSC will consider the testimony as part of an overall rate‑year reconciliation record. No regulatory decision was announced during the hearing segment covered by this testimony.
