• Paying our Taxes

  • PHI paid about $2.1 billion* in taxes for the years 2009 through 2013 in gross receipts/delivery taxes, property taxes, county fuel and energy taxes, as well as environmental, use and other taxes.

    Like other businesses and individuals, PHI utilizes tax incentives. These incentives help reduce the cost of service to our customers. Because taxes are a natural part of the cost of service, when our utility taxes are reduced, that amount reduces the overall cost of service. Regulators are aware that our customers and the communities we serve benefit from these incentives. The tax benefits create new investment opportunities and jobs.

    Pepco paid about $1.8 billion in taxes for the years 2009 through 2013 in gross receipts/delivery taxes, property taxes, county fuel and energy taxes and environmental, use and other taxes.

    Delmarva Power paid about $185 million in taxes for the years 2009 through 2013 in gross receipts/delivery taxes, property taxes, and environmental, use and other taxes.

    Atlantic City Electric paid about $104 million in taxes for the years 2009 through 2013 in gross receipts/delivery taxes, property taxes, and environmental, use and other taxes.

    We are audited annually by our independent auditors; the Internal Revenue Service audits us in three-year cycles; and regulators review our books of account during rate proceedings and at other times upon their request.

    *Excludes taxes paid related to Conectiv Energy, which was sold in 2010.