The 'MRC' or 'Monthly Recurring Charge' is a fee that the provider will add to each of your bills in addition to the electric usage charges.
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8 Month Fixed Rate 8 monthThe 'MRC' or 'Monthly Recurring Charge' is a fee that the provider will add to each of your bills in addition to the electric usage charges.
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12 Month Fixed Rate 12 monthThe 'MRC' or 'Monthly Recurring Charge' is a fee that the provider will add to each of your bills in addition to the electric usage charges.
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The Potomac Electric Company began the job of providing street lighting and streetcar power in Georgetown and Northwest D.C in 1891. However, following the Panic of 1893, the fledgling company went bust. Two electrical engineers, Oscar T. Crosby and Charles A. Lieb, and then President of the West End Bank, Frederick C. Stevens, purchased Potomac Electric in 1896. They reorganized the company as the Potomac Electric Power Company (Pepco). At the time, few Maryland homes used much electricity. And while Pepco did win contracts to provide municipal street lighting, their main business lay in running electric street railways in the capitol area the surrounding Maryland suburbs. As a result, within just 4 years, Crosby, Lieb, and Stevens not only bought up the major trolley railway companies in the area but also their main competitor, the United States Electric Lighting Company. But while these expansions let the three men consolidate all their companies under the Washington Traction and Electric Company, the mounting debt bankrupted the firm by June, 1901. Almost immediately, the rival Washington Railway and Electric Company (WR&E) scooped up the wrecked Washington Traction and Electric company and with it, took control of most the trolley railways in D.C. and nearby towns in Maryland. At the same time, consumers were gradually buying more electric appliances and this increased residential demand for electric power. By 1913, WR&E's subsidiary, Pepco, grew into the sole electric utility company serving D.C. and major parts of Montgomery and Prince George's counties. By 1925, Pepco served over 100,000 customers. In 1928, the North American Company, which controlled some 80 public utilities, took over the WR&E and began acquiring other area trolley companies. In 1933, North American carved out a monopoly for itself by merging all the area's street railway companies into the Capital Transit Company. But in the wake of the 1929 stock market crash that toppled several giant utility holding companies, Congress passed the Public Utility Holding Company Act of 1935 to break up such similar corporate structures, including North American. By 1947, Pepco was spun off as an independent investor-owned utility company. Pepco's chief challenge for the next 40 years was to reliably meet customer demand at a reasonable price. Demand expanded exponentially during this time and its service area grew by 38 percent. The company built more generation facilities and also instituted one of the first energy conservation plans that offered lower rates during off-peak hours. When Maryland deregulated its energy markets in 1999 to allow retail competition, Pepco sold its generation plants to become a distribution-only utility. In 2001, the company reorganized and the new parent company, Pepco Holdings, assumed control of the utility. In 2014, Exelon bought Pepco Holdings for $6.8 billion. Now as part of Exelon's family of companies, Pepco has built a reputation as a generous corporate citizen. Through its employee volunteer programs that help raise awareness in sustainability, safety and wellness as well as its charitable giving that focus on measurable and sustainable program, Pepco helps its communities through investments in education, neighborhood development, culture, and the environment.
The 'MRC' or 'Monthly Recurring Charge' is a fee that the provider will add to each of your bills in addition to the electric usage charges.
Check Availability
