Many people are concerned about the costs in creating a public power utility. “Will my taxes go up?” is the common question. The answer is once a utility is approved, the costs to buy the electric lines and to set up the utility are financed through bonds that are backed by the electric bills you are already paying to PEPCO today.
No new taxes, but financing through the electric bill you pay every month. Instead of paying CEO salaries and investor dividends to PEPCO, we are paying for our own electric system.
