PUC to Investigate PECO Energy Company’s Rate Increase Request
Published on 4/23/2015
Filed under: Electric
HARRISBURG – The Pennsylvania Public Utility Commission (PUC) today voted to investigate a distribution rate increase request for PECO Energy Company (PECO).
The Commission voted 5-0 to investigate the request to increase the company’s annual electric distribution rates by $190 million (15.6 percent). The Commission investigation will determine what, if any, of the requested increases are justified.
In a joint statement, Chairman Robert F. Powelson and Commissioner Gladys M. Brown directed questions to the parties related to PECO’s proposal to replace the Auxiliary Service Rider in its existing tariff with a new Capacity Reservation Rider and expressed a desire to foster an on-the-record discussion regarding that proposal.
Under the rate increase request, the monthly electric bill for an average residential customer using 700 kilowatt-hours per month would increase by $6.55, from $110.18 to $116.73 (5.9 percent). PECO provides electric service to approximately 1.6 million customers within Bucks, Chester, Delaware, Montgomery, Philadelphia and York Counties.
The request is suspended for up to seven months and will be assigned to the Office of Administrative Law Judge for public hearings and a recommended decision or settlement. A final decision must be made by Dec. 26, 2015. More information on the ratemaking process is available on the Commission’s website.
The Pennsylvania Public Utility Commission balances the needs of consumers and utilities; ensures safe and reliable utility service at reasonable rates; protects the public interest; educates consumers to make independent and informed utility choices; furthers economic development; and fosters new technologies and competitive markets in an environmentally sound manner.
For recent news releases and video of select Commission proceedings or more information about the PUC, visit our website at www.puc.pa.gov. Follow the PUC on Twitter – @PA_PUC for all things utility. “Like” PAPowerSwitch on Facebook for easy access to information on electric shopping.
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Docket No.: R-2015-2468981
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