Rates & Risk Department Manager Amy Petersen announced that purchase power and fuel costs are expected to come in significantly lower than projected — $125.9 million expected vs. a $143.5 million reference rate embedded in base rates. As a result, a $0.005/kWh credit will automatically apply beginning with the June billing cycle, providing meaningful relief heading into summer rates. The balancing account is projected to carry a $9.2 million credit by the June control month next year, and the calculation will be revisited again in the fall.
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