In a joint submission to the Public Service Commission of West Virginia (PSC), Appalachian Power and Wheeling Power requested an update of their current rates for the Modified Rate Base Cost (MRC) tracker and surcharge mechanism by approximately $10 million.
The MRBC tracker, put in place in 2021, allows limited recovery of costs associated with infrastructure investments undertaken between larger base rate cases. It is meant to institute timely cost recovery of incremental investments not recovered through current rates and reduce the frequency and sizable sticker shock connected to base rate case filings. There is an annual cap of 3 percent set on the tracker.
In this case, Appalachian Power’s proposal represents a 0.58 percent increase over total current revenue. Broken down for the individual, that would amount to monthly bill increases of approximately $1.23 for the average residential customer using 1,000 kW hours of energy.
The change would take effect Sept. 1, 2023, if approved.
Innovative legislation will help Duke Energy Progress customers in South Carolina save $35 million in repair costs from a series…
Looking to recover costs associated with increased fuel and vegetation management expenditures, Appalachian Power and Wheeling Power recently submitted new…
As a way to aid the deployment of electric vehicle charging stations, Hawaiian Electric this week released the online Electric…
American Electric Power (AEP) released its 2024 Corporate Sustainability Report, which documents its sustainable business practices, strategy, performance and impact.…
Louisville Gas and Electric Company (LG&E) and Kentucky Utilities (KU) issued a Request for Proposals (RFP) for new solar, wind,…
Wyoming gained its first solar facility this week, and Southern Power its 30th, with the beginning of operations at the…
This website uses cookies.