Potomac Edison Proposes Rate Adjustment to Fund Grid Modernization and Reliability Improvements
Potomac Edison, a subsidiary of FirstEnergy, has proposed a $52.8 million rate adjustment in Maryland. This adjustment is intended to support continued investment in the electric system, focusing on upgrades to aging infrastructure, grid modernization, and projects designed to strengthen reliability. The proposed increase would raise the monthly bill for the average residential customer by approximately 5.3%. Despite this proposed adjustment, Potomac Edison asserts that its residential rates would remain the lowest among Maryland’s investor-owned electric utilities, noting that as of June 1, their rates were 25% below the average of their in-state peers. The proposal includes a reliability improvement program that would involve targeted upgrades to power lines, underground equipment, and grid technology. 
