$30.16M refund OK’d for customers of PPL
HARRISBURG | Pennsylvania regulators Thursday approved a $30.16 million refund for residential customers of PPL Electric Utilities Inc., resulting from overcollection of a charge used to pay for infrastructure improvements.
The Pennsylvania Public Utility Commission voted 5-0 to approve the rebate. An average refund for a typical customer was not available.
These consumers will see the “transition charge” portion of their bill move from a charge to a credit.
PPL was permitted to collect a “competitive transition charge” following a state law in 1997 that authorized deregulation of Pennsylvania’s electricity market.
Law allowed PPL to recover “stranded costs,” which include infrastructure investments made before electricity was deregulated, because those costs could not be recovered in a competitive environment, the PUC said.
PPL also will refund $2 million to its industrial customers as part of the PUC decision.
In addition, the commission said PPL undercollected the charge from its small commercial and industrial customers by about $17.6 million, meaning those customers will continue to pay the charge in 2010.
Tags: electricity deregulation Pennsylvania
electricity deregulation | admin December 19, 2009
RSS feed for comments on this post. TrackBack URI