The Public Service Commission of Maryland convened on January 15, 2025, to discuss critical issues surrounding the waiver request from Delmarva Power. The meeting focused on the implications of granting an indefinite waiver for rate case filings and the potential impact on administrative efficiency and oversight.

The session began with a presentation from the Office of People’s Counsel (OPC), which expressed concerns regarding Delmarva's request for a waiver that would allow the company to delay filing for a rate case indefinitely. OPC highlighted that such a waiver could lead to a lack of accountability, as it would give Delmarva the discretion to decide when to file based on its financial position, potentially resulting in over-earnings without regulatory scrutiny.

Commissioner Richard raised questions about the balance between the time and resources required for executing a rate case versus the benefits of a waiver. OPC confirmed that they had considered these factors and were prepared for a rate case filing this year, emphasizing the importance of adhering to established deadlines to ensure accountability.

The discussion also touched on the possibility of implementing a one-way reconciliation mechanism, which would allow for scrutiny of rates during the waiver period. OPC indicated that they would support this approach if the waiver had a fixed duration, suggesting that a limited extension could provide necessary oversight while accommodating the uncertainties stemming from the upcoming lessons learned proceeding.

Commissioners proposed a compromise that would involve setting a time limit on the waiver, suggesting a duration of six months to a year. This proposal aimed to ensure that Delmarva would not be allowed to indefinitely postpone its rate case filings while still considering the outcomes of the lessons learned process.

In conclusion, the meeting underscored the need for a balanced approach to regulatory oversight, with a focus on ensuring that utility companies remain accountable while also allowing for necessary flexibility in light of ongoing proceedings. The commission plans to revisit the waiver request and the proposed reconciliation mechanism in future discussions, aiming to establish a framework that protects consumer interests while addressing the operational realities of the utility sector.