Potomac Electric Power Co.
Residents of Washington and its Maryland suburbs used more electricity this May and June and paid more for it, driving profits at this Washington-based utility up 42 percent in the second quarter.
Compared with the year-ago period, sales of electricity were up 8.6 percent in the quarter that ended June 30.
In June alone, kilowatt sales were nearly 20 percent ahead of last year's.
The rise in electricity profits more than offset a $2.2 million decline in income from the utility's real estate subsidiary.
Lowell Davis, Pepco's chief financial officer said that the company also gained from a $19.7 million rate increase that took effect June 6.