PUBLIC NOTICE OF REGULATORY FILING:PACIFIC POWER FILES FOR ADJUSTMENT
News Release from Pacific Power
Posted on FlashAlert: October 8th, 2014 1:47 PM
Oct. 8, 2014
Public notice of regulatory filing:
Pacific Power files for adjustment
Pacific Power seeks temporary, one-year,1.6 percent rate increase to balance special renewable energy sales and credits
Pacific Power is requesting that the Washington Utilities and Transportation Commission pass on to customers a small increase for one year due to fluctuations in the renewable energy credit (REC) market and specific balancing provisions.
The request, made Oct. 6, comes after customers in June received a $13 million credit--about $45 per residential customer--from REC sales proceeds that took place between January 2009 and April 2011. The current filing deals with REC sales proceeds from April 2011 through December 2013, a period in which sales revenues of this commodity dropped dramatically while rates in place continued to credit larger preset amounts.
In its current filing, Pacific Power is seeking to true-up amounts already credited to customers with the amount of actual revenues received. Since revenues received are less than amounts already provided to customers, the resulting balancing is a temporary rate increase of 1.6 percent.
If approved by the Commission, this proposed change will result in an overall average increase to Washington customers of approximately 1.6 percent. A residential customer using approximately 1,300 kilowatt-hours (kWh) per month would see a bill impact of $1.86 per month for one year.
Background
As part of its normal business practices, Pacific Power sells RECs on the open market. RECs, also known as "green tags," represent the environmental attributes of the power produced from renewable energy projects, such as wind and solar facilities. RECs are proof that one megawatt-hour (MWh) of renewable energy was generated.
The Commission in 2011 ordered Pacific Power to credit revenues from the sale of RECs to customers. Pacific Power credits these revenues through a separate tariff known as Schedule 95. Because the revenues from selling RECs change from year to year, Schedule 95 may need to be adjusted to reflect those changes, subject to Commission approval.
Commission Process
The Commission will examine Pacific Power's request. As a result of this examination, the Commission may determine that the schedule should be accepted as filed, modified, or rejected. If accepted as filed, the rate change would go into effect on Nov. 16, 2014.
You are invited to comment to the Commission. The Commission has the authority to set final rates that may be lower or higher than the Company's request, depending on the outcome of its examination. You can comment by using the "Submit a Comment" feature on the Commission's website, at utc.wa.gov, or by using the contact information below. Commission staff will make a recommendation to the commissioners at an open meeting in Olympia. These meetings are scheduled every other Tuesday at 9:30 a.m. Please contact the Commission to request to be notified of the scheduled open meeting at which the proposal will be considered by the Commission.
You will have an opportunity to comment in person at this meeting. The UTC is committed to providing reasonable accommodation to participants with disabilities. If you need reasonable accommodation, please contact the Commission at 360-664-1132 or human_resources@utc.wa.gov.
If you are unable to attend the open meeting, the Commission has a bridge line that allows you to participate by telephone. Call 360-664-1234 the day before the open meeting for instructions and to sign in.
Washington Utilities and Transportation Commission
1300 S. Evergreen Park Drive SW
P.O. Box 47250, Olympia, WA 98504-7250
Email: comments@utc.wa.gov
Telephone: 1-888-333-WUTC (9882)
For more information or to contact Pacific Power, please call us toll free at 1-888-221-7070 or write to:
Pacific Power
825 NE Multnomah Street, Suite 2000
Portland, OR 97232
Public notice of regulatory filing:
Pacific Power files for adjustment
Pacific Power seeks temporary, one-year,1.6 percent rate increase to balance special renewable energy sales and credits
Pacific Power is requesting that the Washington Utilities and Transportation Commission pass on to customers a small increase for one year due to fluctuations in the renewable energy credit (REC) market and specific balancing provisions.
The request, made Oct. 6, comes after customers in June received a $13 million credit--about $45 per residential customer--from REC sales proceeds that took place between January 2009 and April 2011. The current filing deals with REC sales proceeds from April 2011 through December 2013, a period in which sales revenues of this commodity dropped dramatically while rates in place continued to credit larger preset amounts.
In its current filing, Pacific Power is seeking to true-up amounts already credited to customers with the amount of actual revenues received. Since revenues received are less than amounts already provided to customers, the resulting balancing is a temporary rate increase of 1.6 percent.
If approved by the Commission, this proposed change will result in an overall average increase to Washington customers of approximately 1.6 percent. A residential customer using approximately 1,300 kilowatt-hours (kWh) per month would see a bill impact of $1.86 per month for one year.
Background
As part of its normal business practices, Pacific Power sells RECs on the open market. RECs, also known as "green tags," represent the environmental attributes of the power produced from renewable energy projects, such as wind and solar facilities. RECs are proof that one megawatt-hour (MWh) of renewable energy was generated.
The Commission in 2011 ordered Pacific Power to credit revenues from the sale of RECs to customers. Pacific Power credits these revenues through a separate tariff known as Schedule 95. Because the revenues from selling RECs change from year to year, Schedule 95 may need to be adjusted to reflect those changes, subject to Commission approval.
Commission Process
The Commission will examine Pacific Power's request. As a result of this examination, the Commission may determine that the schedule should be accepted as filed, modified, or rejected. If accepted as filed, the rate change would go into effect on Nov. 16, 2014.
You are invited to comment to the Commission. The Commission has the authority to set final rates that may be lower or higher than the Company's request, depending on the outcome of its examination. You can comment by using the "Submit a Comment" feature on the Commission's website, at utc.wa.gov, or by using the contact information below. Commission staff will make a recommendation to the commissioners at an open meeting in Olympia. These meetings are scheduled every other Tuesday at 9:30 a.m. Please contact the Commission to request to be notified of the scheduled open meeting at which the proposal will be considered by the Commission.
You will have an opportunity to comment in person at this meeting. The UTC is committed to providing reasonable accommodation to participants with disabilities. If you need reasonable accommodation, please contact the Commission at 360-664-1132 or human_resources@utc.wa.gov.
If you are unable to attend the open meeting, the Commission has a bridge line that allows you to participate by telephone. Call 360-664-1234 the day before the open meeting for instructions and to sign in.
Washington Utilities and Transportation Commission
1300 S. Evergreen Park Drive SW
P.O. Box 47250, Olympia, WA 98504-7250
Email: comments@utc.wa.gov
Telephone: 1-888-333-WUTC (9882)
For more information or to contact Pacific Power, please call us toll free at 1-888-221-7070 or write to:
Pacific Power
825 NE Multnomah Street, Suite 2000
Portland, OR 97232
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