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The Potomac Edison Company has filed for increased rates in Virginia pursuant to the State Corporation Commission’s annual review procedure. The rate request would result in $1,092,574 in additional revenue annually.
Data filed with the application shows the Company’s rate of return dropped to 8.01% for a 12month test period ended September 30, 1976. The rate request is designed to restore the 8.75% return granted by the Commission in the Company’s last rate case in Virginia. The erosion in earnings
94.1%