Maryland PSC backs only a portion of Pepco's rate...

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The Maryland Public Service Commission voted Tuesday to allow Pepco (NYSE: EXC) to raise its rates, but not nearly to the level the power provider requested. Pepco sought to hike its electric distribution rates to generate $126.8 million in additional revenue, which would have led to a $15.80 spike in the average monthly residential bill. Instead, the PSC agreed to $52.5 million, raising the average monthly bill by $6.96. The new rates are now in effect. In 2015, according to the Maryland PSC,…