(Power)-PPL to seek increase in distribution rate for 2011
Started by Lightningrod, Mar 01 2010 05:13 PM
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Posted 01 March 2010 - 05:13 PM
PPL Electric residential customers could end up paying about $7.50 more a month in the distribution part of their bill in 2011 if the utility succeeds in getting what PPL calls a "modest" increase in the rate approved by the Pennsylvania Public Utility Commission, the company said today.
The increase would affect all PPL customers regardless of whether they have switched to another supplier. All PPL customers pay the distribution rate charged by PPL, whereas those who have switched to another supplier could be paying a different rate for electricity generation, which is the largest portion of an electric bill.
PPL said it has not finalized how much of an increase the company will seek in its distribution rate when the application is made to the PUC at the end of March. PPL President David DeCampli said the increase would not exceed $115 million, or about a 2.5 percent increase in PPL's total retail revenues.
PPL spokesman Ryan Hill said the increase sought would be comparable to the last distribution rate increase PUC granted which went into effect Jan. 1, 2008. Hill said that increase added less than a quarter a day to the average residential bill. Therefore a comparable increase could add about $7.50 to one's monthly residential bill.
The rate PPL residential customers pay for electricity went up by 30 percent on average after PPL rate caps expired on Jan. 1.
http://www.pennlive.com/midstate/index.ssf/2010/03/ppl.html
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lightningrod
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