Enhanced city-wide. Current program: Centralized, District-run, test-only, basic I/M program with biennial inspections. Proposed: Centralized, test-only, enhanced program with biennial inspections. Full implementation of the I/M program planned for January 1999.
A two-year phase-in of electric competition begins in January 2002. Residential customers will receive a 7% rate reduction, while commercial and governmental customers will receive a 6.5% rate reduction over a four-year period. Utilities are permitted to recover non-bypassable competition transition charges and net transition cost. Potomac Electric Power Company's sell of generating assets in Maryland was approved; proceeds will be used to recover stranded costs and above book value proceeds will be shared with customers.