Keyword: pepco
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I haven't seen any update in over three days. Are there still people without power? ...and, Why hasn't the MSM reported on it if there were?
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<p>Triple-digit temperatures expected to feel as hot as 110 degrees have prompted excessive heat warnings across the D.C. area on Saturday and could threaten all-time highs.</p>
<p>The day continued a trend in the area that hasn’t seen high temperatures lower than 95 degrees since the month began.</p>
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Pepco’s chief executive, Joseph Rigby, didn’t get a salary increase last year because of “customer reliability issues,” but he still managed to double his overall compensation, regulatory filings show. Thanks mostly to an employment deal and supplemental executive retirement plan, Mr. Rigby’s overall compensation rose to nearly $7.2 million last year, according to Securities and Exchange Commission filings. With hundreds of thousands of Pepco customers in the District of Columbia and Maryland left without electricity for days in sweltering temperatures after a violent storm Friday, Mr. Rigby’s compensation is likely to get a closer look as questions emerge about the...
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Utility crews made significant progress Tuesday restoring power to homes without electricity since Friday night’s storm, but officials in several jurisdictions announced they were canceling Independence Day celebrations as the recovery continues. Maryland Gov. Martin O'Malley said Tuesday morning that 75 percent of outages in Maryland had been restored, while Virginia Gov. Bob McDonnell reported that power outages in Virginia had been reduced to a fraction of the 1.2 million customers left without lights and air conditioning in the wake of the storm. As of 5 p.m. Tuesday, about 13,000 of 257,000 Pepco customers in the District were still without...
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WASHINGTON (AP) - In the aftermath of storms that knocked out power to millions, sweltering residents and elected officials are demanding to know why it's taking so long to restring power lines and why they're not more resilient in the first place. The answer, it turns out, is complicated: Above-ground lines are vulnerable to lashing winds and falling trees, but relocating them underground incurs huge costs - as much as $15 million per mile of buried line - and that gets passed onto consumers.
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D.C. Council members planned to meet face-to-face with officials from Pepco as soon as Tuesday to address the “unacceptable” pace of the utility’s recovery efforts after Friday night’s fierce storm swept through the region and left hundreds of thousands without power in stifling heat. Their stern response to a third day of widespread outages builds on years of skepticism aimed at the utility that serves nearly 800,000 customers in the District and Maryland. Several city lawmakers could empathize with their constituents’ plight, because they, too, lacked power in their homes. They wondered aloud whether Pepco gave “short shrift” to the...
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Pepco has crews working around the clock to restore power knocked out by Friday night’s storm, but some customers may remain in the dark through the week. Pepco estimates 90 percent of the outages will be restored by 11 p.m. Friday, a timetable Montgomery County Executive Ike Leggett called unacceptable at a news conference with Gov. Martin O’Malley. "Nobody will have their boot further up Pepco's backside than I will to make sure we get there," O'Malley said about the July 6 timeframe. Pepco president Tom Graham said about 343,000 customers remain without power as of noon Sunday. About 443,000...
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Maryland lawmakers Monday became the latest to ask utility companies to extend a deadline for cutting electricity to delinquent customers. They join officials in Massachusetts, Indiana and elsewhere who have been forced to extend deadlines to accommodate a record number of customers who have fallen behind on their bills, in part as a result of higher rates and the global economic crisis. Maryland has more than 120,000 customers facing cutoffs after April 1, which marks the end of a winter moratorium on shutoffs for customers, usually three months past due. Last week, the state's Public Service Commission extended the deadline...
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Mirant's Period of Exclusivity Extended 30 DaysATLANTA, Dec. 16 /PRNewswire-FirstCall/ -- Today, Mirant (Pink Sheets: MIRKQ - News) reiterated that it would not make its out-of-market payments to Pepco unless ordered to do so by the Bankruptcy Court or the District Court. Further, Mirant sought to rectify a misperception by stating that no court has ordered it to continue with these payments under its back- to-back agreement with Pepco. On December 15, Judge Michael Lynn, U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division, denied a motion by Pepco that sought to order Mirant to continue making...
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<p>Pepco Holdings Inc.'s bid to hold the bankrupt power provider Mirant Corp. to money-losing contracts drew skepticism from a panel of federal appellate judges, who questioned the need to preempt a bankruptcy court from deciding the question.</p>
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NEW YORK, Oct 27 (Reuters) - Bankrupt energy trader Mirant Corp. (Other OTC:MIRKQ.PK - News) and Pepco Holdings Inc. (NYSE:POM - News) said on Monday they restructured two power supply contracts, avoiding a court battle over deals Mirant had threatened to try to cancel. Under the terms of the new agreement, Pepco Holdings' utility unit will pay an additional $60 million for electricity that Mirant will supply to its customers in Maryland and Washington, D.C. "The agreement provides additional value to Mirant over and above the existing power supply contracts with Pepco while preserving the relationship with a key customer,"...
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