| PSE electric, natural gas customers to spend more for service
Electricity bills for Puget Sound Energy residential customers will increase by 3. 7 million overall rate hike for both services. Additional revenue from REC sales will be included annually. Among the major differences between the company's request and the UTC order are significant reductions for power costs due substantially to the lower cost of natural gas and a reduction in the utility's allowed return on its capital investments. 29. That project, designed to meet PSE's legal obligation to serve a portion of its load with renewable energy, cost $770 million and has a generating capacity of 343 megawatts. The Washington Utilities and Transportation Commission is allowing PSE to increase electric rates by $63. 4 million for natural gas rates, substantially less than the $161 million and $32 million, respectively, the utility originally requested last June. The last PSE rate increase approved by the commission was two years ago. 09. On June 13, PSE filed a general rate case with the UTC requesting an annual $193 million overall rate increase for both electricity and natural gas service. 48. Beginning Jan. Commonly called green tags, RECs are intangible assets that represent the right to claim the environmental attributes of a renewable generation project, such as a wind farm or the Cedar Hills Regional Landfill. The basic service charge for residential natural gas customers will increase 50 cents a month, from $10 to $10. If the company has excess generation from renewable resources it can sell the resulting RECs. 56. PSE electric, natural gas customers to spend more for service |
Wednesday 9 May 2012
PSE electric, natural gas customers to spend more for service
